Gross Profit Margin is an important business metric used to measure the profitability of a company. It’s calculated as the ratio of gross profit divided by total revenue, and expressed as a percentage. By understanding your Gross Profit Margin, you can quickly assess the health of your company and identify areas for improvement. The higher this number is, the better – it means you’re making more money after covering the costs of your materials and labor. So, when looking at the success of your business, don’t forget to track and analyze your Gross Profit Margin!