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Inventory metrics explained

Inventory metrics dictionary

Mihai Iova avatar
Written by Mihai Iova
Updated over 11 months ago

Net Sales


Net sales.

Product sales


Equals the number of units sold multiplied by product sales price, includes taxes.

Discounts


The amount offered as discount to customers.

Shipping


Revenue generated by cost of Shipping payed by customers.

COGS


COGS stands for Cost of goods sold. The cost is imported directly from Shopify. Make sure to fill it when adding products to your catalogue in order to have more precise business reports.

Product margin


Total product revenue minus cost of goods sold including refunds, divided by product revenue. Basically, product related revenue minus costs generated by a sale.

Refunded product amount


Value of refunded products in selected time period.

Refund COGS


Costs of goods sold associated with refunded products.

Refunded products tax amount


Tax amount for refunded products.

Net Sales


Gross Sales - Discounts - Refunded Amount

Net sales plus Shipping revenue


Total Sales

Marketing cost


Total cost of marketing campaigns as imported from connected 3rd parties.

Google ads cost


Marketing cost imported from Google Ads through an active data connection.

Facebook ads cost


Marketing cost imported from Facebook Ads through an active data connection.

Gross Profit


Gross Profit equals Net Sales - Marketing Costs - COGS - Refunded COGS

Tax


Total tax amount.

Product Tax


Total tax amount only for products.

Product revenue without taxes


Product revenue without taxes.

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