Omzet

Omzet is a Dutch business term that refers to the total value of goods and services sold by a company during a defined period. It represents the top line of a company’s income and is a common measure of the scale and activity of a business. In Dutch accounting practice omzet is typically presented as net turnover, i.e., sales value excluding value-added tax (VAT) and after deductions such as refunds, discounts, and rebates. Some contexts may distinguish between gross omzet (before deductions) and net omzet (after deductions).

Calculation and scope can vary by jurisdiction and reporting standards, but omzet generally aggregates all sales to customers within the period. It does not account for costs, expenses, or depreciation, and therefore should not be confused with profit or earnings. The figure is influenced by sales volume, pricing, product mix, seasonality, and returns.

Relation to VAT and taxation is a key aspect in many Dutch and European reports. The VAT that businesses charge on sales is added to the net omzet when presenting gross receipts in other contexts, while omzet as usually reported for financial statements excludes VAT. This makes omzet a useful metric for assessing revenue performance and for VAT-based accounting and tax calculations.

Uses and interpretation: Omzet serves as a primary indicator of a company’s activity and growth and is frequently used in financial analysis, benchmarking, and reporting. It is also a common figure in annual reports, investor communications, and sector statistics.

See also: Revenue, Turnover, Net sales, Gross revenue.