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No idea where you are getting your numbers, but Amazon did not post $200B in profit in 2021. The list of top five annual profit (adjusted to current USD) by any
by sib 4y ago
No idea where you are getting your numbers, but Amazon did not post $200B in profit in 2021. The list of top five annual profit (adjusted to current USD) by any company ever is:
1. Saudi Aramco (2018) - $120B
2. Saudi Aramco (2021) - $115B
3. Vodafone (2014) - $113B
4. Fannie Mae (2013) - $98B
5. Apple (2021) - $95B
Perhaps you are thinking about revenue?
- kennywinker 4y ago> Amazon annual gross profit for 2021 was $197.478B, a 29.28% increase from 2020. https://www.macrotrends.net/stocks/charts/AMZN/amazon/gross-profit https://www.macrotrends.net/stocks/charts/AMZN/amazon/gross-... Gross profits.
- sib 4y agoGross profit is not profit. And the comment said "profit" not gross profit.
- dh2022 4y agoHello Kenny - some clarification seems to be needed re: some financial metrics. 1. Gross profit = revenue - COGS 2. COGS = price paid to manufacturer + transportation costs from manufacturer to the warehouse and from warehouse to customer COGS does not include warehouse rent and utilities - these are operating expenses. Hopefully this makes it clear that my reply to your other comment was in good faith and not a straw man. The metric you proposed is not a good metric. Amazon cannot function if Gross profit is 0 --- because it would not be able to pay for the rest of the stuff it needs to function: executives, software developers, warehouses. Saying all the expenses not included in COGS are discretionary is just not true - some of theses expenses are essential.