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re: Athletic revenue at Alabama
Posted on 4/2/14 at 9:58 am to matthew25
Posted on 4/2/14 at 9:58 am to matthew25
So does nobody here understand the difference between revenue and profit? Revenue is the amount of money generated, not taking costs into consideration. They didn't profit $143 million, they actually only profited $34 million because they had $109 million in expenses. Don't get me wrong $34 million profit is great! But let's not get these numbers confused.
4
Posted on 4/2/14 at 10:00 am to DecaturAU
quote:
So does nobody here understand the difference between revenue and profit? Revenue is the amount of money generated, not taking costs into consideration. They didn't profit $143 million, they actually only profited $34 million because they had $109 million in expenses. Don't get me wrong $34 million profit is great! But let's not get these numbers confused.
Thanks for sharing. Now I understand.
Posted on 4/2/14 at 10:01 am to DecaturAU
The thread is titled revenue.
I think you may have jumped to conclusions slightly.
ETA:100
I think you may have jumped to conclusions slightly.
ETA:100
This post was edited on 4/2/14 at 10:02 am
Posted on 4/2/14 at 10:13 am to DecaturAU
quote:That's about a 24% profit margin. How does that stack up to the general average?
So does nobody here understand the difference between revenue and profit? Revenue is the amount of money generated, not taking costs into consideration. They didn't profit $143 million, they actually only profited $34 million because they had $109 million in expenses. Don't get me wrong $34 million profit is great! But let's not get these numbers confused.
Posted on 4/2/14 at 10:13 am to DecaturAU
quote:
So does nobody here understand the difference between revenue and profit? Revenue is the amount of money generated, not taking costs into consideration. They didn't profit $143 million, they actually only profited $34 million because they had $109 million in expenses. Don't get me wrong $34 million profit is great! But let's not get these numbers confused.
What was Auburn's profit last year?
TIA
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