It is an entity's income minus cost of goods sold, expenses (e.g., SG&A), depreciation & amortization, interest, and taxes for an accounting period.
net income equals revenue minus cost of goods sold, expenses, depreciation, interest, and taxes.[3]Net Profit = Revenue - Cost of products sold - Expenses - Depreciation - Interest - Taxes
It is the ultimate measure of the Business profitability.
See also
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