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Nutritional High International Inc. Ordinary Shares SPLID

High Fusion Inc is engaged in the manufacturing, processing, and distribution of infused edible products. The company's operating and geographical segments include Palo Verde; Pasa Verde; Oregon; Colorado; Nevada and Washington. It generates maximum revenue from the Palo Verde segment.


OTCPK:SPLID - Post by User

Comment by Tundra14on Dec 11, 2019 1:57am
104 Views
Post# 30442617

RE:RE:Article mentions plus

RE:RE:Article mentions plus

Hey bud, in financial accounting terminology, SALES refers to DOLLAR SALES.  Sales makes up a company's revenue.  Accounting 101.
 


AFGKhan wrote: Well this article is misrepresentative to begin with. It misquotes the MD&A  which states that 80% of the SALES (not revenue) comes from one product supplier.  There is a big difference between the 2


Example :    I have 100 product (80 from supplier 1 and 20 from supplier 2)


supplier 1 retail price is 1$
supplier 2 retail price is 2$ ( premium product)


I sell them all.


revenue from supplier 1: 80$
revenue from supplier 2: 40$


percentage of supplier 1 revenue on total ; 67%
percentage of supplier 2 revenue on total : 33%



So even though Supplier 1 represents 80% of my sales, it accounts however for 67% of my revenues while Supplier 2 represents 20% of my sales, but accounts for 33% of my revenues


I wouldnt know if this case would apply specifically to Plus Products but according to their financial statements, their revenues were 3.5 million for the last quarter with a margin of 446K, which confirms their high COGS.  It is definately something to look more in details 


 

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