Current Cost of Supplies (CCS)
This refers to the net income of a company after taking into account the increase (or decrease) in expenses over the reporting period. It is typically used by commodity reliant businesses. Investopedia Says:
You will quite often find this term used in the energy industry because the price of oil can change so much from one year to the next. Related Terms:
Commodity
Cost of Goods Sold - COGS
Net Income |