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Old 06-15-2022, 03:42 PM
 
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Yes... 80 million profit a day since januari first. Not bad. You guys/gals gues who makes that. What kind of industrie?
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Old 06-15-2022, 03:47 PM
 
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The answer.
https://www.freightwaves.com/news/co...m-profits-soar

Now you know why everthing is expensive.... It is not Biden, but the free market.

CMA CGM is the world’s third largest shipping company by capacity, according to Alphaliner. On Friday, CMA CGM reported Q1 2022 net income of $7.2 billion, 3.5 times net income in Q1 2021, topping its previous record quarterly results in Q4 2021 ($6.7 billion).
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Old 06-15-2022, 03:52 PM
 
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Quote:
Originally Posted by corydon View Post
The answer.
https://www.freightwaves.com/news/co...m-profits-soar

Now you know why everthing is expensive.... It is not Biden, but the free market.

CMA CGM is the world’s third largest shipping company by capacity, according to Alphaliner. On Friday, CMA CGM reported Q1 2022 net income of $7.2 billion, 3.5 times net income in Q1 2021, topping its previous record quarterly results in Q4 2021 ($6.7 billion).
Net income does not = profit.
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Old 06-15-2022, 04:57 PM
 
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Yes. it is profit.
https://www.investopedia.com/terms/n...-profit-margin
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Old 06-15-2022, 05:14 PM
 
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Quote:
Originally Posted by corydon View Post
No it is NOT profit. It's total income. That's what it says in the headline of the link you posted. Did you read your own link before you posted? Here is that headline:

French carrier CMA CGM posts net income of $7.2 billion for Q1 2022 If you divide 7.2 billion by 90 days (one quarter), you get 80 MILLION INCOME per day.

And how is this directly tied to Biden's inflation? Anyone can cherry-pick some number.
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Old 06-15-2022, 05:38 PM
 
Location: Honolulu/DMV Area/NYC
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How does net income not equal profit? I always tracked net income as what's left over after expenses are deducted.

Quote:
Is Net Income the Same as Profit?
Typically, net income is synonymous with profit since it represents the final measure of profitability for a company. Net income is also referred to as net profit since it represents the net amount of profit remaining after all expenses and costs are subtracted from revenue.
https://www.investopedia.com/ask/ans...from%20revenue.
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Old 06-15-2022, 05:50 PM
 
6,042 posts, read 3,758,387 times
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Quote:
Originally Posted by prospectheightsresident View Post
How does net income not equal profit? I always tracked net income as what's left over after expenses are deducted.



https://www.investopedia.com/ask/ans...from%20revenue.
OK, I stand corrected. For some reason, I didn't see the word "net" in the headline. I'm accustomed to thinking of income as "gross" income, and thinking of profit as what's left after all expenses are paid.
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Old 06-15-2022, 07:03 PM
 
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GAAP Earnings (Net Earnings) are one number to look at, but it doesn't really tell the story. A company can go bankrupt while still reporting GAAP earnings.

EBITA is one common number to look at - Earnings before interest, taxes, depreciation and amortization
Another common metric to look at is NOPAT - Net Operating Profit After Tax.
ROIC -- Return On Invested Capital
Net cash flows

https://www.newconstructs.com/adjust...eholder-value/
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Old 06-16-2022, 05:28 AM
 
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Comparing anything economic to 2020 - 2020 results in false conclusions. Those were the Covid years when all economic measures, employment, profit, sales, etc. were at levels so low that any ratio with them in the denominator is going to be huge.
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Old 06-16-2022, 06:57 AM
 
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But the rates for container transport skyrocket, from 1500 to 12.000 for one container from China to EU or USA.
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