User Panel
User Panel
User Panel
|
Posted: 5/27/2022 4:33:14 PM EDT
[#1]
costs are up 10%, lets charge 20% more and blame inflation. that goes straight to the bottom line and in many companies its quite transparent thats what happened.
where i work over raised prices "in anticipation" or things going up more |
|
|
|
Posted: 5/27/2022 4:35:01 PM EDT
[#2]
Quote HistoryQuoted: costs are up 10%, lets charge 20% more and blame inflation. that goes straight to the bottom line and in many companies its quite transparent thats what happened. where i work over raised prices "in anticipation" or things going up more Have you seen the profit and loss sheet for the last few quarters to confirm that? |
|
|
|
Posted: 5/27/2022 4:35:11 PM EDT
[#3]
I am making “record salary” right now.
…and as a family, we spent $1,600 on gas last month. Food costs twice as much. |
|
|
|
Posted: 5/27/2022 4:36:41 PM EDT
[#4]
Quote HistoryQuoted: I am making “record salary” right now. …and as a family, we spent $1,600 on gas last month. Food costs twice as much. Exactly. I'll post record profits this year, I'll also post record cost of goods sold and associated costs too. Margin won't move too much. |
|
|
|
Posted: 5/27/2022 4:37:38 PM EDT
[#5]
Quoted: People would shit if they saw how worker's comp and liability also increased every time you give raises. You have just described the reason why my business has zero employees. 
|
|
|
|
Posted: 5/27/2022 4:38:07 PM EDT
[#6]
My employer cut all the travel and so all the mileage money and per diem people got to keep. All that money was saved, not a single penny back the employees in any fashion and it's known that is considered a benefit from the work an travel. Salaries have remained flat.
|
|
|
|
Posted: 5/27/2022 4:40:59 PM EDT
[#7]
Leftist at work: "The company is making record profits just like last quarter. They're taking advantage of people at the pumps."
For ease of math, let's say a barrel of oil is $50, and we refine it upstream, and by the time it makes it to downstream the company pulls $55 total on that barrel. Now, oil is $100 a barrel and downstream they pull $110. That's still a 10% profit, but the guy just doesn't get it. he says they're making twice as much. Well, yeah, they are...but the margin on price per barrel is the same. Here's the kicker, we work for big oil. The guy hates the oil industry, but loves the check. Typical leftist.
|
|
|
|
Posted: 5/27/2022 4:42:56 PM EDT
[#8]
My previous employer managed to cut costs and increase profit through the whole covid mess. Part of that cost cutting was employee benefits, including pay adjustments and raises.
|
|
|
|
Posted: 5/27/2022 4:44:11 PM EDT
[#9]
It's record revenues, not profits.
If I had previously sold things for 100$ that I had 40$ in costs wrapped into, my profit is 60$ yet my revenue is 100$. The example they want to always use is that I now sold the same thing for 140$ because costs are out of control, and had 100$ of costs wrapped into it, my revenue is 40$ higher than before, but my profit has dropped and is now only 40$. People are stupid and easily manipulated. |
|
|
|
Posted: 5/27/2022 4:54:36 PM EDT
[#10]
depends on the company but yeah some are making record high margins and for publicly traded companies it's easy to see.
My own company was raking in the revenue and profits until supply chain caught up with them and can't ship anything. Of course they hosed the sales force because they're paid on revenue, but c suite bonus was based off of sales/bookings. Guess what happens when you sell something but can't ship it. The sales force doesn't get paid but CEO et al make 7 figure bonus checks......yet they can't figure out why everyone is quitting. |
|
|
|
Posted: 5/27/2022 4:58:56 PM EDT
[#11]
Quote HistoryQuoted: Leftist at work: "The company is making record profits just like last quarter. They're taking advantage of people at the pumps." For ease of math, let's say a barrel of oil is $50, and we refine it upstream, and by the time it makes it to downstream the company pulls $55 total on that barrel. Now, oil is $100 a barrel and downstream they pull $110. That's still a 10% profit, but the guy just doesn't get it. he says they're making twice as much. Well, yeah, they are...but the margin on price per barrel is the same. Here's the kicker, we work for big oil. The guy hates the oil industry, but loves the check. Typical leftist. This is spot on, I am a retired big oil engineer....people just dont get it....I am from the refining and supply side of the business and we DID NOT MAKE a lot per gallon..... You would not believe the number of young engineers we had that were leftist....yeah, they were getting $100K per year fresh out of school but all voted democrat....dont ask to try to make sense about it, I tried and concluded they were all stoooopid |
|
|
|
Posted: 5/27/2022 5:00:04 PM EDT
[#12]
Quote HistoryQuoted: I am making “record salary” right now. …and as a family, we spent $1,600 on gas last month. Food costs twice as much. Holy crap. That gas bill 
|
|
|
|
Posted: 5/27/2022 5:04:41 PM EDT
[#13]
Quote HistoryQuoted: I am making "record salary" right now. and as a family, we spent $1,600 on gas last month. Food costs twice as much. |
|
|
|
Posted: 5/27/2022 5:06:35 PM EDT
[#14]
Quote HistoryQuoted: Holy crap. That gas bill Quote HistoryQuoted: Quoted: I am making “record salary” right now. …and as a family, we spent $1,600 on gas last month. Food costs twice as much. Holy crap. That gas bill Just my work truck is over $300/week right now in gas. |
|
|
|
Posted: 5/27/2022 5:08:15 PM EDT
[#15]
Revenue vs earnings is a thing and often pretty slim on the earnings side of the graph.
|
|
|
|
Posted: 5/27/2022 5:08:41 PM EDT
[#16]
Quote HistoryQuoted: Have you seen the profit and loss sheet for the last few quarters to confirm that? there sure are a lot of these "join date post count" types posting leftist talking points lately, aren't there? |
|
|
|
Posted: 5/27/2022 5:08:52 PM EDT
[#17]
Quote HistoryQuoted: This is spot on, I am a retired big oil engineer....people just dont get it....I am from the refining and supply side of the business and we DID NOT MAKE a lot per gallon..... You would not believe the number of young engineers we had that were leftist....yeah, they were getting $100K per year fresh out of school but all voted democrat....dont ask to try to make sense about it, I tried and concluded they were all stoooopid Quote HistoryQuoted: Quoted: Leftist at work: "The company is making record profits just like last quarter. They're taking advantage of people at the pumps." For ease of math, let's say a barrel of oil is $50, and we refine it upstream, and by the time it makes it to downstream the company pulls $55 total on that barrel. Now, oil is $100 a barrel and downstream they pull $110. That's still a 10% profit, but the guy just doesn't get it. he says they're making twice as much. Well, yeah, they are...but the margin on price per barrel is the same. Here's the kicker, we work for big oil. The guy hates the oil industry, but loves the check. Typical leftist. This is spot on, I am a retired big oil engineer....people just dont get it....I am from the refining and supply side of the business and we DID NOT MAKE a lot per gallon..... You would not believe the number of young engineers we had that were leftist....yeah, they were getting $100K per year fresh out of school but all voted democrat....dont ask to try to make sense about it, I tried and concluded they were all stoooopid  Attached File |
|
|
|
Posted: 5/27/2022 5:11:01 PM EDT
[#18]
In my experience, anyone bitching about corporate greed, record profits, or blaming inflation on raising prices has never once seen or interpreted a profitable P&L.
|
|
|
|
Posted: 5/27/2022 5:13:41 PM EDT
[#19]
That's called good business no one gets into business to loose money.
|
|
|
|
Posted: 5/27/2022 5:15:26 PM EDT
[#20]
Quote HistoryQuoted: Holy crap. That gas bill No shit. At 5 bucks a gallon that is 320 gallons of gas. If they got an average of 20mpg, that is 6,400 miles of driving per month, or 1,600 miles per week. |
|
|
|
Posted: 5/27/2022 5:20:31 PM EDT
[#21]
Quote HistoryQuoted: Exactly. I'll post record profits this year, I'll also post record cost of goods sold and associated costs too. Margin won't move too much. Net profit is profit. Bills are paid, that's what you get to keep. Top line gross isn't really a useful metric without the other components. CoGS, etc. That's why you'll see market dorks talk EBITA. Ignorant people shouldn't be reasoned with, they should be shamed. |
|
|
|
Posted: 5/27/2022 5:24:47 PM EDT
[#22]
Amazing how liberals can claim they control all the corporations when they want to get power through fear then turn around and do the same old all corporations are evil.
|
|
|
|
Posted: 5/27/2022 5:25:18 PM EDT
[#23]
Quote HistoryQuoted: I am making “record salary” right now. …and as a family, we spent $1,600 on gas last month. Food costs twice as much. Holy shit. Do you all fly helicopters to work? |
|
|
|
Posted: 5/27/2022 5:25:42 PM EDT
[#24]
Quote HistoryQuoted: It depends how you slice it. Top line gross vs bottom line net profit. Net profit is profit. Bills are paid, that's what you get to keep. Top line gross isn't really a useful metric without the other components. CoGS, etc. That's why you'll see market dorks talk EBITA. Ignorant people shouldn't be reasoned with, they should be shamed. Quote HistoryQuoted: Quoted: Exactly. I'll post record profits this year, I'll also post record cost of goods sold and associated costs too. Margin won't move too much. Net profit is profit. Bills are paid, that's what you get to keep. Top line gross isn't really a useful metric without the other components. CoGS, etc. That's why you'll see market dorks talk EBITA. Ignorant people shouldn't be reasoned with, they should be shamed. My point was that if you hold your margin steady, profit scales with everything else, but just because the number it higher, it doesn't mean it has any more value to the company. I roll most of my profit back in, and the same amount of profit from two years ago won't provide the same growth this year, that number has to be higher. |
|
|
|
Posted: 5/27/2022 5:28:40 PM EDT
[#25]
Quoted: This one seems to be gaining traction lately with people. Everyone is complaining that their employer has reported "record profits" lately, and are calling them greedy because of it. I think a lot of people don't understand how profit margin even works. Of course profits are increasing with cost of goods sold, but the margin is likely the same or close to it. I tried to explain this to someone (using my own numbers and cost increases) and it fell on deaf ears. My insurance went through the roof this year, my materials are sky high, and fuel of course is ridiculous, of course cost of goods sold is going to increase and along with it the margin that I try to maintain. More total profit, but it's of lower value than before so it will still only provide the same amount of growth as it has in previous years. [color=#ff0000]People would shit if they saw how worker's comp and liability also increased every time you give raises. If that's the case, why has executive pay increased an average of 17% last year? Perhaps you could explain to them how detrimental these increases are increasing their liability.
|
|
|
|
Posted: 5/27/2022 5:33:59 PM EDT
[#26]
Quote HistoryQuoted: I am making “record salary” right now. …and as a family, we spent $1,600 on gas last month. Food costs twice as much. Did you buy everybody Tundras and F-250’s, for safety? |
|
|
|
Posted: 5/27/2022 5:34:27 PM EDT
[#27]
I'm so glad I sold my company, and my new one is only my son and I
|
|
|
|
Posted: 5/27/2022 5:37:24 PM EDT
[#28]
Bakers in Weimar Germany were making record profits too, with those wheelbarrow of money for a loaf of bread prices and all.
|
|
|
|
Posted: 5/27/2022 5:38:23 PM EDT
[#29]
How many people have had their income keep pace with inflation over the last 20 years?
Mine has, but now the Government taxes me at the rich bastard rate, while my buying power remains stagnant. |
|
|
|
Posted: 5/27/2022 5:39:53 PM EDT
[#30]
So only the company is doing it's job
|
|
|
|
Posted: 5/27/2022 6:17:45 PM EDT
[#31]
Quote HistoryQuoted: No shit. At 5 bucks a gallon that is 320 gallons of gas. If they got an average of 20mpg, that is 6,400 miles of driving per month, or 1,600 miles per week. Quote HistoryQuoted: Quoted: Holy crap. That gas bill No shit. At 5 bucks a gallon that is 320 gallons of gas. If they got an average of 20mpg, that is 6,400 miles of driving per month, or 1,600 miles per week. $5.50+ per gallon here Big American made cars. My commute is 50 miles round trip. (Dodge Charger Scat Pack, avg 15 mpg) Had a midday appointment at Walter Reed. Third of a tank. Then after work I coach kid’s sports. My kids’ commute to school is 50 miles round trip (Suburban, avg 18 mpg). Wife then runs errands and teaches yoga 34 miles (round trip) from home. Plus my 19 year old and HIS truck. (Avg 20 mpg) Then there’s the weekends. Beach house is a 420 mile round trip. I don’t want to even think about taking a boat out. |
|
|
|
Posted: 5/27/2022 6:45:31 PM EDT
[#32]
Quote HistoryQuoted: How many people have had their income keep pace with inflation over the last 20 years? Mine has, but now the Government taxes me at the rich bastard rate, while my buying power remains stagnant. Mine has kept pace for over 40 years because I'm the one who sets it. |
|
|
|
Posted: 5/27/2022 7:51:32 PM EDT
[#33]
We were discussing this at work with employees its great to sell an item bought a year ago at the higher current prices but the hit in the pocket book comes replacing that item to sell again .
|
|
|
|
Posted: 5/28/2022 1:32:51 AM EDT
[#34]
Because a 4% margin is ok on $500,000,000 but not on $5,000,000,000
|
|
|
|
Posted: 5/28/2022 1:40:19 AM EDT
[#35]
People don’t think inflation be like it is, but it do.
|
|
|
|
Posted: 5/28/2022 1:46:07 AM EDT
[#36]
Quote HistoryQuoted: We were discussing this at work with employees its great to sell an item bought a year ago at the higher current prices but the hit in the pocket book comes replacing that item to sell again . The only way I know to escape this conundrum is to become BOTH a producer as well as a consumer, so you can enjoy operating on BOTH sides of the ledger. This is the magic of PARITY... ...where your financial boat ALWAYS floats, regardless of the depth of the water.  |
|
|
|
Posted: 5/28/2022 2:02:45 AM EDT
[#37]
Due to yearly inflation, every single year should be "record profits", nominally, while real profit remain roughly the same. Ignoring boom and bust cycles, of course.
Yes, people are retarded. |
|
|
|
Posted: 5/28/2022 2:12:46 AM EDT
[#38]
I keep waiting for a politician to start treating big pharma like the oil companies and try to pass a "windfall profits" tax specifically for them you know, the ones who profited off of the taxpayers when everyone made the vax mandatory.
Remember when liberals hated big pharma, lol? |
|
|
|
Posted: 5/28/2022 3:44:06 PM EDT
[#39]
Quote HistoryQuoted: I keep waiting for a politician to start treating big pharma like the oil companies and try to pass a "windfall profits" tax specifically for them you know, the ones who profited off of the taxpayers when everyone made the vax mandatory. Remember when liberals hated big pharma, lol? I've never understood the feeling of satisfaction from wanting government to "tax them more". Government taxation only makes it larger and more invasive. It doesn't benefit Americans. |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
