2023 Wealth, Sales, Profits and distributions. Trillionaire.

For 2023 i generated profits after all costs of 702 billion isk and from that i paid out 261 billion isk to the Oz Tank Show (well, 1 billion went to another twitch show dangerous_d666).

Therefore, my wealth rose by 441 billion isk from 736 billion isk to 1.2 trillion isk.

So on 2023 i became a trillionaire.

The Basic Numbers

I made sales of 4.0 trillion isk which generated profits of 1.2 trillion isk.  So a nice profit margin of 29.7% and therefore ahead of the 25% i target.

Sales tax of 140 billion + Broker listing fees 60bn + Broker relisting fees 96 billion + courier fees 85bn + Manufacturing taxes 6 billion meant the costs of doing business were 387 billion isk.

Therefore, the profits from by business were 808 billion isk which is a nice 20% margin and higher than the 15% i target.

From which i spent 94 billion on Omega (either directly via plex or through New Eden Store deals) and other costs of 12 billion (moving trading locations when player stations in high sec got nailed and implants for some of the Omega alts).

That therefore left me with profits of 702 billion isk.

Charts

The first chart shows how my wealth has increased since i started on that say in August 2020.  Rising nicely before flattening around July 2023 which is when i started giving my monthly profits to the Oz Tank Show.

That said, there is no hiding the fact that my monthly profits are now actually starting to be below last year.  In September and November 2023 my monthly profits before making any distributions were below the same months in 2022.  The only reason October and December 2023 were higher than the same months in 2022 was due to skill farming on the back of a couple of MCT deals in the New Eden Store.

In part this is due to a decline in average daily sales since around November 2022.  Seems the markets i operate in are just getting quieter - or maybe they are super normal busy at the end of 2022.

And this is reflected in my average daily profits (before distributions) which used to be over 2 billion isk per day but had fallen back to almost 1 billion isk by November 2023.  The spikes in October 2023 and December 2023 are due to the skill farming mentioned above.

I am hoping my average daily profits will stick around 1.5 billion isk.

A few more metrics

Asset turnover, which measures the proportion of assets that were sold in the year, was 5.5x.  In other words, over 2023 i sold all the asset i had up for sale on 1 January 2023 over 5 times.

My profit margin was 20.1% (thats profits before Omega and distribution costs) which means the Return on Capital Employed was 110% which is huge compared to real life companies.

Taking the Omega costs out pulls the Return on Capital Employed to 95% which is still huge.

The large Return on Capital Employed reflects the fact that i need very little additional assets to make my business work.  I don't need factories, stations or ships.  I use NPC stations and third party couriers transport my items.  The only assets i need are the items to sell themselves.

This is a high margin, asset light business with a good asset turnover.  What is not to like?