Difference between revisions of "Profit margin"
Jump to navigation
Jump to search
Conservative (talk | contribs) |
Conservative (talk | contribs) |
||
| Line 6: | Line 6: | ||
The best net profit margin for your business depends on what industry you're business is in, which means you shouldn't compare your margins to companies in other industries.<ref>[https://www.investopedia.com/articles/personal-finance/093015/whats-good-profit-margin-new-business.asp What’s a Good Profit Margin for a New Business?]</ref>}} | The best net profit margin for your business depends on what industry you're business is in, which means you shouldn't compare your margins to companies in other industries.<ref>[https://www.investopedia.com/articles/personal-finance/093015/whats-good-profit-margin-new-business.asp What’s a Good Profit Margin for a New Business?]</ref>}} | ||
| + | == References == | ||
| + | {{reflist}} | ||
| + | [[Category:Business]] | ||
Revision as of 07:58, February 21, 2024
According to Investopedia:
| “ | Profit margins are financial metrics that are used to measure a business or company's profitability.
A gross profit margin can be used to determine a particular item's profitability, but net profit margins are a better measure of overall profitability. The net profit margin is key as it measures total sales, less any business expenses, and then divides that number by total revenue. The best net profit margin for your business depends on what industry you're business is in, which means you shouldn't compare your margins to companies in other industries.[1] |
” |