Turnover refers to the total price and extra-price expenses charged by taxpayers to the other party for providing taxable services, transferring intangible assets or selling real estate. Out-of-price charges include fees, funds, collection fees, collection funds, prepaid funds and other out-of-price charges of various nature. The turnover of transport logistics enterprises engaged in combined transport business is the actual turnover.
Commonly used turnover formulas are: turnover/transaction times = average transaction unit price, and turnover/sales quantity = average product unit price. Turnover is also called "running water". In other words, there is only the total amount of your product or commodity in the transaction. This indicator does not include the cost of purchasing goods or raw materials.
The balance of commodity sales income (selling price) of commercial enterprises after deducting the original purchase price of commodities. The symmetry of net profit is also called the difference between the purchase and sale of goods. Because there is no deduction of commodity circulation fees and taxes, it is not net profit, so it is called gross profit. In China, the difference between the purchase and sale of industrial products refers to the difference between the ex-factory price and the wholesale price of the same product (the difference between the wholesale price and the retail price is called the wholesale price), and the difference between the purchase price of the same agricultural and sideline products and the wholesale price or retail price of the same agricultural and sideline products.
If the gross profit is not enough to compensate the circulation expenses and taxes, the enterprise will lose money. The percentage of gross profit in commodity sales revenue or operating income is called gross profit margin. Gross profit margin is generally divided into comprehensive gross profit margin, classified gross profit margin and single commodity gross profit margin. The gross profit margin of commodity sales directly reflects the price difference level of all categories and some commodities operated by enterprises, and is the basis for accounting whether the operating results and price setting of enterprises are reasonable.
basic recipe
Calculation formula of commodity circulation enterprises: gross profit = selling price excluding tax-purchasing price excluding tax.
The calculation formula of manufacturing enterprises: gross profit = product sales revenue (excluding tax)-the actual cost when the corresponding products are sold (that is, the main business cost in financial statements).