EDE 0.00% 0.2¢ eden innovations ltd

Ann: EdenCrete - GDOT Sales and Marketing Update, page-51

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  1. 7,705 Posts.
    lightbulb Created with Sketch. 2797
    Gross Profit (aka Gross Margin) is Revenue minus Cost of Goods Sold. It doesn't include fixed costs. The real cost of Edencrete is an order of magnitude higher than $25 once the massive overheads are included. In fact EDE costing 'methods' seem to be little more choosing an arbitrary price of $25.

    So they (probably) have a Gross Profit but still sell at a (massive) loss.

    The problem is the inability of holders to understand even the most basic business concepts. Not my alleged 'inconsistency'.

    Last edited by PigsMightFly: 28/07/21
 
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