Adjusted Gross Profit definition

Adjusted Gross Profit means gross profit adding back site and warehouse depreciation. ‘Airtel’ means Airtel Africa.

Adjusted Gross Profit means the amount which is equal to Net Sales less Material COGs.

Adjusted Gross Profit means the Gross Profit of the Business for each Earn-Out Period, minus (i) the Gross Profit of the Business relating to sales of CNG Units in the U.S. during such Earn-Out Period, plus (ii) an amount equal to 38% of the sales price for the Base Units sold in the U.S. during such Earn- Out Period, plus (iii) an amount equal to 19% of the sales price for the Additional Units sold in the U.S. during such Earn-Out Period. In addition, Gross Profit generated during any Earn-Out Period from any Post-Closing Acquisition will be included in the calculation of Adjusted Gross Profit for such Earn-Out Period, provided that a reasonable amount will be deducted from such Adjusted Gross Profit for costs and expenses relating to any such Post-Closing Acquisition.

Examples of Adjusted Gross Profit in a sentence

• Organic Net Revenue, Adjusted Gross Profit (and Adjusted Gross Profit margin), Adjusted Operating Income (and Adjusted Operating Income margin), Adjusted EPS, Free Cash Flow and presentation of amounts in constant currency are non-GAAP financial measures.

• Organic Net Revenue, Adjusted Operating Income (and Adjusted Operating Income margin), Adjusted EPS, Adjusted Gross Profit (and Adjusted Gross Profit margin), Free Cash Flow and presentation of amounts in constant currency are non-GAAP financial measures.

• We use Adjusted Gross Profit as a key performance indicator in managing our business.

• Adjusted Gross Margin is defined as Adjusted Gross Profit (Loss) as a percentage of revenue for the same period.

• The reasons for the use of these measures, reconciliations of Adjusted EBITDA, Adjusted Net Income, Adjusted Net Income per diluted share, Adjusted Gross Profit, and Adjusted Selling and Administrative expense to the most directly comparable GAAP measures and other information relating to these measures are included below following the unaudited condensed consolidated financial statements.

More Definitions of Adjusted Gross Profit

Adjusted Gross Profit means gross profit adding back site and warehouse depreciation.

Adjusted Gross Profit means: (i) Net Sales; minus (ii) Product Cost; minus (iii) Partner Profit Split.

Adjusted Gross Profit means gross profit, adding back site depreciation.

Adjusted Gross Profit or “AGP” means (a) Net Sales less the Purchase Price and (b) Net Licensing Revenues, collectively, in excess of the Legal Recovery Amount.

Adjusted Gross Profit means net product sales of the Company, determined in accordance with GAAP and Section 4.4(e), less the cost of sales related to such net product sales, computed in accordance with GAAP and Section 4.4(e), including royalty expense; customs / duties; freight expense (inbound / outbound), net of inbound freight costs capitalized in inventory; China quality inspection costs; and product re-work costs, which are mutually agreed-upon by the parties, as described in Section 4.4(e) and/or summarized in the Adjusted Gross Profit Methodology posted to Dataroom at Index #7.7, which Adjusted Gross Profit Methodology may be amended, from time to time, with the written approval of all of the Members. For the avoidance of doubt, customer returns, or other deductions off invoice shall be included in Adjusted Gross Profit while bad debt expense or provisions for doubtful accounts are and shall be reported in operating expenses and excluded from Adjusted Gross Profit.

Adjusted Gross Profit means, for any period, an amount equal to (i) Revenue for such period, determined in accordance with GAAP and consistent with past practice, less (ii) costs of Revenue for such period, in each case, to the extent applicable, subject to the Revenue Adjustments.

Adjusted Gross Profit means Gross Profit minus Royalty (6% of Gross Sales) and Advertising and Development Fund contributions (currently, 1% of Gross Sales) currently paid by franchisees.