August 2022 Financials | Episode 112
I feel like my head won’t stop spinning. There has been a lot going on and to be honest, I think that is going to be the new normal for us until we can bring on another admin employee. At our size, we are on the cusp of being big enough to justify someone to help us out in the office, but we just aren’t quite there yet. We’ll probably be redlined until we get there.
What To Expect From Episode 112
Profitability has improved, but we are still struggling with cash flow. The loss we had last month and catchup from adding trucks 6, 7, and 8 in such a short period of time have really stressed our bank account.
- Total miles ran – 67,773 (About 10k less than our record last month, kind of low for 8 trucks)
- Deadhead miles – 3,095 (4.6%, really good)
- Total revenue – $170,655.41
- All-in rate-per-mile – $2.52 (Best month since March)
Haulin Assets realized a profit of $29,840.34. Our best bottom line number since March. I am hoping this trend continues. I think we are probably going to have some up-and-down months over the next couple of months, but I am hoping we have our cash flow smoothed out by the beginning of the year because I think the first quarter of 2023 is going to be tough.
Always monitor your cash flow. Cashflow is different than profitability. A profitable company can still have cash flow issues. Any time you add a new unit to your fleet, it is going to have an impact on your cash flow, and you need to take that into consideration. Have a backup plan in case things don’t go as you planned.
Profit & Loss Sheet
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