Are Profit and Profitability the Same Thing? FE939/FE939, 2/2014

Edward Evans

doi:10.32473/edis-fe939-2014

Vol. 2014 No. 1, Historical Fact Sheets

Vol. 2014 No. 1

Are Profit and Profitability the Same Thing? FE939/FE939, 2/2014

Historical Fact Sheets

https://doi.org/10.32473/edis-fe939-2014

Published 2014-02-28

Edward Evans⁺⁻

Edward Evans

University of Florida

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FE939

How to Cite

Evans, Edward. 2014. “Are Profit and Profitability the Same Thing? FE939/FE939, 2/2014”. EDIS 2014 (1). Gainesville, FL. https://doi.org/10.32473/edis-fe939-2014.

Abstract

The terms “profit” and “profitability” are used quite frequently in everyday talk to mean the same thing. We often hear someone say “my business made a profit last year” or “my business was profitable.” But are the two statements equivalent? In this article, I’ll explain the two terms, outlining the difference between them, and discussing a few things that growers can do to improve the profitability of a farm business. This 4-page fact sheet was written by Edward Evans and published by the UF Department of Food and Resource Economics, February 2014.

FE939/FE939: Are Profit and Profitability the Same Thing? (ufl.edu)

https://doi.org/10.32473/edis-fe939-2014

view on EDIS

PDF-2014

References

Doyle, D. 2004. Evaluating Options for Change. Oklahoma Cooperative Extension Publication F-208. Oklahoma State University, Stillwater, OK. http://pods.dasnr.okstate.edu/docushare/.

Kay, R., W. Edwards, P. Duffy. 2004. Farm Management. Boston, MA: McGraw Hill.

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Are Profit and Profitability the Same Thing? FE939/FE939, 2/2014

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