1. Exchange cost of exported goods (exchange rate)
This indicator refers to the cost of RMB spent per dollar of net foreign exchange income for exported goods (net foreign exchange income from exports refers to the net foreign exchange income after deducting freight and FOB foreign exchange net income after insurance premium). The calculation formula is: export exchange cost = total export cost (RMB)/net export foreign exchange income (USD). The lower the exchange cost, the better the economic benefits of exporting.
The total cost of export refers to the cost of the purchase (or production) of goods before and after export, as well as the domestic fees and taxes incurred. Domestic expenses usually include storage and transportation, management, expected profits, etc. These expenses are usually expressed as a fixed rate.
Case 1:
The domestic cost of a certain product is RMB 8,000, the processing fee is RMB 1,000, the circulation fee is RMB 500, the tax is RMB 100, and the net foreign exchange income from export sales is RMB 1 100 US dollars, then:
Total export cost = 8,000 + 1,000+ 500 +100 = 9,600 yuan (RMB) exchange cost = 9,600 yuan/2,000 US dollars = 4.8 yuan/USD< /p>
2. Profit and Loss Ratio of Export Commodities
This indicator measures the profit and loss of export commodities as a percentage of the total export cost. A positive value indicates a profit or loss, and a positive value indicates a loss. The calculation formula is: export commodity profit and loss ratio = (net export RMB income – total export cost)/total export cost × 100%. Among them, RMB net export income – FOB export foreign exchange net income × bank foreign exchange buying price.
The profit and loss of export commodities refers to the difference between the net income (RMB) generated by the total sales of export commodities and the total export cost. It should be noted that the net export sales revenue (RMB) is the FOB price of the export commodity converted into RMB according to the current foreign exchange price; the total export cost refers to the purchase cost of the commodity plus all expenses and taxes before export. When the former is greater than When the latter is the case, the enterprise is in a profit-making state; otherwise, it is in a loss-making state.
For example, a company exports goods at a CIF price of US$1,000 per metric ton. Knowing that this business requires an international transportation fee of US$100 per metric ton, the insurance rate is 0.1%, the purchase price of domestic goods is RMB s, 000, and the management fee for other goods is RMB 500, then, the profit and loss rate of export commodities for this business is:
Export cost=5 000+500-5 500
Net export income (FOB) CIF-F-I=CIF-F-110%× CIF × T%=1 000 -100-1.1 × 1 000× 0.001=898.9
Net export RMB income=898.9×8.25=7 415.9 Export profit and loss ratio=(7415.9-5 500) /5 500-34.8%
< p>The above is the content related to the two indicators of export commodity cost accounting shared with sellers. I hope it will be helpful to sellers. Lianlian Cross-Border Payment provides professional and considerate services to allow users to conduct cross-border business with peace of mind and help more customers. Multi-users bring excellent products and services to the global market in a more efficient way for better operations.