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Their profit in the last 12 months is $25 billion. No, Ford made only about $4bn in the last 12 months: https://ycharts.com/companies/F/net_income_ttm https://
by rahimnathwani 3y ago
Their profit in the last 12 months is $25 billion.
No, Ford made only about $4bn in the last 12 months: https://ycharts.com/companies/F/net_income_ttm https://ycharts.com/companies/F/net_income_ttm
You might have googled 'gross profit' which isn't the same thing, as it doesn't account for the many costs of running a capital-intensive business, like machines and stuff.
- gamblor956 3y agoNo, that's 4bn net profit for the last quarter. The table below the chart makes it abundantly clear that they are reporting quarterly numbers.
- rahimnathwani 3y agoNo, it's the 12 months to the end of the last quarter. The title of the table you reference makes it clear they're reporting TTM numbers. TTM = Trailing Twelve Months In general, the frequency of reporting doesn't have to match the measurement period. For example, inflation is often reported monthly, even though it measures the change in the level of prices since a year ago.
- kawhah 3y agoWell what's the profit of the other two? Does it add up to $21 billion?
- carlob 3y agoI don't understand why you are looking at net profit, taxes are computed after payroll costs are taken out. Sure there will be some interests to be paid, buy I don't see how gross is more wrong than met here.