EDIS (Feb 2014)

Are Profit and Profitability the Same Thing?

  • Edward Evans

DOI
https://doi.org/10.32473/edis-fe939-2014
Journal volume & issue
Vol. 2014, no. 1

Abstract

Read online

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)

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