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How to make a Profit and Loss P&L Statement

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Manage episode 224923261 series 2475757
Content provided by Ty Crandall. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ty Crandall or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

During this show, you will discover …

How knowing your numbers gives you an honest assessment of your business … and how it sets your company apart from and above your competition What a P&L is and why you want one, even before a lender asks for it

Where Net Revenue and Cost of Goods Sold come in

What Gross Margin and Fixed and Variable Expenses are

How to figure Earnings Before Taxes and Net Income

How comparing P&L statements over time gives you a handle on the health of your business

What Gross Profit Margin is, and its relationship to Cost of Goods Sold (COGS)

How Operating Profit Margin measures company pricing strategy and operational efficiency

How Net Profit Margin measures the % from each dollar of sales a company keeps in earnings

How Operating Ratio shows how efficient management is … how rising operating ratios mean inefficiencies and falling operating ratios indicate efficiency

How trend analysis can give you a handle on whether your business is moving in the right direction … or not

And how you can use trend analysis to determine if your business needs a course correction

How knowing your numbers gives you an honest assessment of your business … and how it sets your company apart from and above your competition

  continue reading

829 episodes

Artwork
iconShare
 
Manage episode 224923261 series 2475757
Content provided by Ty Crandall. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ty Crandall or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

During this show, you will discover …

How knowing your numbers gives you an honest assessment of your business … and how it sets your company apart from and above your competition What a P&L is and why you want one, even before a lender asks for it

Where Net Revenue and Cost of Goods Sold come in

What Gross Margin and Fixed and Variable Expenses are

How to figure Earnings Before Taxes and Net Income

How comparing P&L statements over time gives you a handle on the health of your business

What Gross Profit Margin is, and its relationship to Cost of Goods Sold (COGS)

How Operating Profit Margin measures company pricing strategy and operational efficiency

How Net Profit Margin measures the % from each dollar of sales a company keeps in earnings

How Operating Ratio shows how efficient management is … how rising operating ratios mean inefficiencies and falling operating ratios indicate efficiency

How trend analysis can give you a handle on whether your business is moving in the right direction … or not

And how you can use trend analysis to determine if your business needs a course correction

How knowing your numbers gives you an honest assessment of your business … and how it sets your company apart from and above your competition

  continue reading

829 episodes

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