Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 4 terms
Revenue divided by units sold — the average price a company actually achieved per tonne, vehicle, subscriber or other physical unit.
Every revenue claim is really two claims: how many were sold, and at what price. The two can move in opposite directions and still produce a flattering headline.
The average net revenue a producer earns on each tonne sold, after discounts and rebates.
For cement this is the number that moves profit, and it is regional rather than national — north and south India can sit in opposite pricing cycles at the same time.
A possible asset arising from a past event whose existence depends on an uncertain future event.
The mirror of a contingent liability, and deliberately not symmetrical. A liability is provided for when an outflow is probable; an asset is recognised only when realisation is virtually certain.
A fall in the number of participants in an industry as capacity is retired, acquired or resolved through insolvency, leaving the survivors facing less competition.
The tell that it is actually working is that realisations stop falling before volumes recover — price discipline needs only a decision, demand needs a cycle.