Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of business and is important item when evaluating financial statements of a company. Revenues from a firm's main business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which given company operates.
Discounts and Returns
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can includes product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Based on latest financial disclosure Tesco PLC reported 62.28 B of revenue. This is 532.04% higher than that of the Services sector, and 143.2% higher than that of Grocery Stores industry, The Revenue for all stocks is 303.17% lower than the firm.
Tesco PLC is rated second in revenue category among related companies. Market size based on revenue of Grocery Stores industry is at this time estimated at about 188.02 Billion. Tesco totals roughly 62.28 Billion in revenue claiming about 33% of equities under Grocery Stores industry.