Net Profit

Net profit is an important indicator, it shows: – Financial health of the business – Determine shareholder value – Attract investors – Make decision.

Calculation: Method 1: Net profit = Total revenue – Total cost Method 2: Net profit = Gross profit – Related costs

Factors affecting net profit: – Operating expenses – Revenue- Corporate income tax – Cost of goods sold – Management costs

Methods to increase net profit for businesses: -Review pricing strategy – Discontinue products/services that are no longer profitable – Inventory control – Improve product/service value – Price increase

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KPI, How to Apply KPI

KPIs, with the full name Key Performance Indicators, are performance evaluation indicators, also known as KPIs. KPI is a system of indicators that reflect the level of goal accomplishment of a company, department or individual.

Calculating KPIs will depend on the type of KPI you are using.

Here are four general steps for calculating KPIs:

Identify goals: First of all, you need to identify the specific goal you want to measure. This goal should be defined according to the SMART principle (Specific, Measurable, Achievable, Relevant, Time-bound)

Choose a KPI: Once the goal is clear, you need to choose an appropriate KPI to measure progress toward that goal.

Collect data: You need to collect data related to the selected KPI. This data can be collected from various sources such as business management systems, website analytics, customer surveys, etc. Analyze and evaluate KPIs: After collecting data, you need to analyze and evaluate the results. If the KPI achieves the set goal, it means you have succeeded. If not, you need to find out the cause and come up with solutions to improve it.

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About AYB Company

Founder – CEO: Doan Ngoc Hai Nam.

Field of activity: Renewable energy, green industry, energy investment.

Sustainable: Development goals.

Motto: Cooperation, fairness, safety, profit, responsibility.

Business principles: Ensuring benefits for business, community and Labor development.

Scope of operation: VietNam.

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We are AYB- Goal – Will – Determination

AYB Company is an organization aiming to become a famous brand in Viet Nam. We believe that with the team’s spirit of cooperation and consensus, we can overcome all challenges and achieve this goal. We are determined to build AYB Company from effort, using creative thinking, intelligence and the ability to absorb new technologies and applications to achieve success. In this way, we believe that AYB Company will grow strongly and make a big impression in Viet Nam.