That's highly inaccurate calculation, but good to have people as...

That's highly inaccurate calculation, but good to have people as optimistic as you.

If you count a company market cap based on sales turnover, that's just misleading. You forgot to mention 99 out 100 small cap company, the cost of sales/expense are scaled with the sales turnover and probably more. When the sales up by $10m, the cost is probably up by$11m. That's in every quarterly, they also boosted and advertise around sales volume without getting into profit margin.

Good luck with your calculation mate, I will stick to my profit margin theory.