Recent comments in /f/dataisbeautiful

IncomeStatementGuy OP t1_j9gyjph wrote

I went with "cost of sales" as this is what Walmart calls the line in their SEC filing.

And I used the terms "gross profit", "operating profit" and "net profit" for consistency (consistently "profit"). Accounting has synonyms and that's ok.

I tend to get worried if companies report any "adjusted" metrics.

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SomeDumbGirl OP t1_j9gxzf1 wrote

I had a friend group that I stuck with since elementary school, but they started excluding me/ getting too cool for me so i went to join another friend group, which pissed them off more. Stupid high school drama, you know how it is. I'm not close with anyone from high school anymore-- my best friends right now are friends of old friends and psych classmates. MADD often stems from childhood trauma, but there is at least one documented case where it just sorta appeared with no apparent emotional cause, which was treated successfully with OCD medication.

slideshow presentation project i made for a class. it's short, but it also links to the studies referenced on each slide for a more in-depth look.

Thank you for the compliment!

I'm not entirely sure what drew me to psychology in the first place, but knowing what makes people tick (or tick incorrectly) mentally/emotionally and physically is just so interesting to me. People really are living in totally different worlds based on what kinds of thought processes we use to translate reality into a personal human experience, and the vast majority we are completely unaware of. I think I was sold on psychology when I worked in a preschool and unconsciously made it my mission to better understand and help my toddlers. I was doing therapy work without realizing it, sometimes! I can talk about this shit for hours fr.

May I ask, what makes you so curious? Are you also into psych in some way? Or does MADD specifically interest you? I've never had someone interview me this thoroughly lol, not even my therapist!

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codybevans t1_j9gvcoz wrote

I mean, yea this is what your typical Econ class calls it but I’ve seen it called a few different things in different businesses. The chain I work for calls it Gross Margin and Net Margin. We also use cost of sales. Typically restaurants I’ve managed call it COGS.

Edit: Nitpicking something as small as “cost of sales” vs. “cost of goods sold” is pretty pedantic.

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codybevans t1_j9gulj9 wrote

Typical net margins in the industry are about 1-2%. But that’s not ever really talked about because $20 billion profit sounds way better when people are referencing corporate greed. Nobody realizes how hard it is to even pull razor thin margins. Or the risk it takes to put that kind of money into a business in the hope you can make those margins. My store will do about 10 million In sales this year. The net profit will probably be right at 100,000. A 1% increase in wages and we are no longer profitable without increasing prices. It’s a balancing game where you have to be looking to cut costs anywhere you can while still being competitive in the job market.

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debunk_this_12 t1_j9go370 wrote

Man where do I start. First it’s called cogs not cost of sales, secondly it’s not gross profit and operating profit… it’s operating income and gross income… secondly it’s operating income is your operating revenue -operating expenses. Ebitda = operating income-overhead, gross income = ebitda-depreciation. Net income = gross- taxes.

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