February 2022 Financials | Episode 98
The good start to the year continues in February. We cover some really great topics in this episode including what is going on with fuel these days and looking at expenses as a percentage of income. If you have never heard of that last topic, you need to listen to this episode. It’s a great bit of knowledge and tool to have.
What To Expect From Episode 98
Had all 5 trucks running starting on about the 10th of the month, so almost a full month with 5 trucks.
- Total miles ran – 48,682 (Warning, this is a very close estimate. I don’t have the exact number, listen to the episode to learn why)
- Deadhead miles – 3,453 (7%, higher than it has been in a while)
- Total revenue – $162,139.10 (Record)
- All-in rate-per-mile – $3.33 (Better than I thought it was going to be)
Haulin Assets realized a profit of $48,286.79. Another record, which surprises me because we had a decent number of anomalies to the P&L. We talk about those during the podcast.
The P&L for this episode looks different than the ones you have seen in the past. I added a column that compares expenses as a percentage of income. There are a lot of great reasons to use this comparison. Craig and I go over the what, how, and why of percentage-based comparisons. Using this tool will be a great help to your business. It can also help relieve stress when you see the dollars in an expense category shoot up. You might be worrying for no reason. I also included an Excel version of the P&L, you can download it here.
Profit & Loss Sheet
We now have five trucks out on the road!