I would like to calculate the profit margin and gross profit percentage for BHP in 2017.
To do that, I need to figure out:
1) Gross profit
Which one is it? The revenue is 38,285, and I am supposed to take out the "cost of sold products". But there isn't any. Does that mean that the Gross profit is indeed $38,285?
2) Net sales
Well, this is supposed to be the gross profit MINUS the cost of sold products. But, there is no indication for cost of sold products! Si, is it really meant to be $38,285...? Surely, costs like opening a plant, paying people on site, etc. would make up for "cost of sold products"? If not does that mean that gross profit == net sales? (Meaning that the gross profit % is 100%...?)
3) Net income
Is this 5,841?
I am puzzled because Fortescue, a competitor, DOES show operating expenses.
The two income statements follow!