Analyzing Profit on Sales Orders in Odoo 18
Odoo 18 offers a robust framework to analyze the profitability of sales orders.
Here’s a comprehensive guide:
1. Understanding the Components:
Before diving into the analysis, it’s essential to understand the key components:
* Sales Price: The total amount charged to the customer.
* Cost of Goods Sold (COGS): The direct costs associated with producing or purchasing the goods sold.
* Gross Profit: The difference between the sales price and COGS.
* Net Profit: The gross profit minus additional expenses like taxes, shipping, and administrative costs.
2. Analyzing Sales Orders:
* Sales Order Report:
* Navigate to Sales — Reporting — Sales Orders.
* This report provides a detailed overview of sales orders, including:
* Order details (date, customer, products, quantities, prices)
* Total sales revenue
* Total COGS
* Gross profit margin
* Net profit margin
* Product Profitability Analysis:
* Product Profitability Report:
* Go to Inventory — Reporting — Product Profitability.
* This report helps you analyze the profitability of individual products.
* You can filter the report by product category, brand, or specific products.
* The report displays:
* Sales revenue
* COGS
* Gross profit
* Net profit
* Profit margin
* Margin Analysis:
* Use the Margin Analysis tool in the product form to assess the profitability of each product variant.
* This tool calculates the cost price, sales price, and margin percentage for each variant.
3. Advanced Analysis and Customization:
* Custom Reports:
* Create custom reports using Odoo’s reporting framework to tailor the analysis to your specific needs.
* You can include additional fields like discounts, taxes, and shipping costs to get a more accurate picture of profitability.
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