Gross Profit definition

Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

Gross Profit means the amount by which the sum of the Turnover and the amount of the closing stock and work in progress exceeds the sum of the opening stock and work in progress and the amount of the Uninsured Working Expenses.

Gross Profit means gross receipts minus the amount actually expended for the payment of prize awards.

Examples of Gross Profit in a sentence

• Gross profit of the Group was approximately RMB5.848 billion, representing a year- on-year increase of approximately 10.7%.

• Gross profit Gross profit increased by $14.1 million, or 154.9%, from $9.1 million to $23.2 million, and the increase was mainly due to higher admission.

• Gross profit As a result of the aforementioned factors and excluding $1.3 million in gross profit from Diamond, gross profit amounted to $586.4 million (25.4% of sales) in 2023, up 12.0% compared to $523.3 million (24.3% of sales) in 2022.Selling and administrative expenses The 2023 selling and administrative expenses were up $10.2 million compared to 2022.

• Gross profit As a result of the above principal factors, the Group’s gross profit decreased by approximately 3.1% from approximately RMB1,293.3 million for 2022 to approximately RMB1,253.0 million for 2023.

• Gross profit margin – The gross profit margin of the Remaining Group improved by 4.1% point to 48.5% as compared to 44.4% in 1H2022 due to enhancement of product portfolio.

More Definitions of Gross Profit

Gross Profit means sales minus the cost of goods sold.

Gross Profit means as to any Performance Period the difference between gross revenue of the Company or any business unit and cost of goods sold of the Company or such business unit, in each case determined in accordance with GAAP.

Gross Profit means the sum produced by adding to the “Net Profit” the amount of the Insured Standing Charges (as described at clause 4) or, if there is no “Net Profit”, the amount of the Insured Standing Charges less such a proportion of any net trading loss as the amount of the Insured Standing Charges bears to all Standing Charges of the business.

Gross Profit has the meaning set forth in Section 3.2.

Gross Profit means sales revenue less cost of goods sold.

Gross Profit means, with respect to a fiscal year of the Company, the excess, if any, of (x) the sum of (i) the amount set forth in the Company's audited Consolidated Statements of Operations as set forth in the Company's annual report on Form 10-K (the "Income Statement") for such fiscal year with respect to the line item "Net income (loss)" plus (ii) the amount, if any, set forth in the Company's Income Statement for such fiscal year with respect to the line item "Income tax expense (benefit)", to the extent that there is "Income tax expense" less (iii) the amount, if any, set forth in the Company's Income Statement for such fiscal year with respect to the line item "Income tax expense (benefit)", to the extent that there is "Income tax (benefit)" plus (iv) the amount(s), if any, set forth in the Company's Income Statement for such fiscal year relating to any income tax expense included in any income or (loss) attributable to the discontinued operations and/or extraordinary items set forth in the Income Statement less (v) the amount(s), if any, set forth in the Company's Income Statement for such fiscal year relating to any income tax (benefit) included in any income or (loss) attributable to such discontinued operations and/or extraordinary items set forth in the Income Statement, over (y) the Excluded Amounts for such fiscal year.

Gross Profit means the amount by which: the sum of the Turnover and the amount of the closing stock and work in progress shall exceed the sum of the amount of the opening stock and work in progress and the amount of the Uninsured Working Expenses as set out in the Schedule.(The amounts of the opening and closing stocks and work in progress shall be arrived at in accordance with the Insured’s normal accountancy methods, due provision being made for depreciation. Where insured expenses are included in the Insured’s stocks and work in progress such amounts shall be excluded for the purpose of the Gross Profit Definition.)”