Gross Profit

Metadata

  • Id: is_gross_profit
  • Type: fundamentals
  • Subtype: income_statement
  • Units: currency
  • Decimal Points: 0
  • Currency Convertible: Yes
  • Tags: “gross profit”, “gross income”, “gross margin”, “revenue minus cost of goods sold”, “sales profit”

Description

The money a company makes from selling its products or services, minus the money it spends to produce or buy them. It is calculated as:
Gross profit = Revenue - Cost of goods sold
Where: - Revenue is is_sales_revenue_turnover (IS001) - Cost of goods sold is is_cogs (IS003)