doss2
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RE: Cincinnati Athletics Launches IMPACT to Prepare Athletes for NIL Changes
(06-20-2021 06:20 PM)Cal1362 Wrote: (06-20-2021 10:01 AM)doss2 Wrote: (06-15-2021 05:55 PM)Baleen Wrote: (06-15-2021 04:10 PM)Captain Bearcat Wrote: Wow. I never would have guessed that a car dealer would have a billion dollars in sales.
Since I like to be the facts guy, here's some interesting backup...
https://www.autonews.com/assets/PDF/CA114804323.pdf
Now to be fair, revenues are artificially inflated at dealerships because they're claiming the retail sale price as revenue. Obviously their costs are astronomical, so profits are a tiny fraction of what their topline is (usually about 1-2%).
Not artificially inflated, it is called GAAP.
As a career auditor and accountant, that is why Net Income or Operating Margin or even Cash Flow Margin is far far more important than Revenue or Sales. If you think it's interesting for car dealerships, you should see how Price Charged to "Profit" works for Hospitals. But those are topics for another conversation.
As a retired auditor, CFO I agree other metrics are more important. But for people like us we understand. The amount of value added varies widely. Those who use GAAP Statements understand or should.
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| 06-20-2021 08:59 PM |
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Cincinnati Athletics Launches IMPACT to Prepare Athletes for NIL Changes
