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.
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.
Tesco Revenue Assessment
Based on latest financial disclosure Tesco PLC reported 65.43 B of revenue. This is 622.24% higher than that of Services sector, and 160.95% higher than that of Grocery Stores industry, The Revenue for all stocks is 543.1% lower than the firm.
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Tesco PLC is rated below average in revenue category among related companies. Market size based on revenue of Grocery Stores industry is at this time estimated at about 633.94 Billion. Tesco retains roughly 65.43 Billion in revenue claiming about 10% of equities under Grocery Stores industry.
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