2 July 2021
Net income (also referred to as net profits or net earnings) measures how much money a company has earned from doing business over a given period of time (usually a year).
Net profit shows what is left from the money a company has earned (revenue) after substracting all expenses.
In accounting terms it is often referred to as the “botton line” (because it is reported at the bottom of an income statement).
Net Income = Total Income – Total Expenses (including operating expenses, financing costs and taxes)
This indicator is included in the book: Key Performance Indicators – the 75+ measures every manager needs to know, which contains an in-depth description of this KPI, as well as practical advice on data collection, calculations, target setting, and actual usage.
The 7 Most Successful Business Models Of The Digital Era
The first two decades of this century are characterized by digital entrepreneurs upending traditional business models in search of new ways of creating revenue and serving customers.[...]
Unleashing the Power Of AI: 14 More Mind-Blowing Tools Beyond ChatGPT
AI is still the hottest topic in tech due to the massive success of ChatGPT, now thought to have the fastest-growing user base of any application in history.[...]
The Top 4 Examples Of How ChatGPT Can Be Used In Telecom
The telecom industry has experienced a lot of change and challenges in recent years, and with that comes a need for more efficient and effective communication systems.[...]
ChatGPT: What Are Hallucinations And Why Are They A Problem For AI Systems
In recent years, the rapid development of artificial intelligence (AI) has led to the rise of sophisticated language models, with OpenAI's ChatGPT at the forefront[...]
Top 10 Use Cases For ChatGPT In The Banking Industry
Banks have often been at the forefront of adopting cutting-edge technology to provide better customer service and meet compliance requirements.[...]
The 7 Best Examples Of How ChatGPT Can Be Used In Human Resources (HR)
Human Resources (HR) departments play a critical role in managing an organization's most valuable asset — its people.[...]
- Get updates straight to your inbox
- Join my 1 million newsletter subscribers
- Never miss any new content