vshanks43 wrote:
First off let me say this is a good service and I really like the fact that I can screen international stocks as well.
My issue is with the company profile window, specifically with the way "total operating expenses" is reported under the income statement tab. This number is incorporating the "Cost of revenue" number as well and leads to an absurd number for opex which is incorrect.
Example: TYO:1948/ annual/year end 2014-3-31
Revenue= 38.442
Cost of revenue=33.904
Gross profit=4.538 (correct so far)
non-cogs opex= 2.123
total opex= 37.935
That total opex number is being calculated as Cost of revenue (33.904)+non cos opex (2.123)+ actual opex (1.908)
On first sight, this leads to confusion since the calculation for operating net income is gross profit-total opex.
Why are you reporting numbers this way even though no company presents it like this? Surely it increases your load to do this calculation? I'd have thought it easier to simply upload the numbers as presented?
Complaints aside, great product! Keep up the good work.
In the profile, we report Operating Expenses both including (Total Operating Expenses) and excluding (Non-COGS Operating Expenses) COGS. If I recall correctly, we received requests to include both numbers in the profile.
The problem with using "as-reported" numbers is that they tend not to be comparable across companies and industries. To facilitate screening, we need to normalize the data to make those sorts of comparisons more intuitive. What you are seeing is one of the artifacts of that process.
