How to Analyze Profit of a Sales Order in Odoo 18 | Odoo 18 Sales Tutorials | Odoo 18 New Features
4Analyzing 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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