Total value of shipments

{
  "id": "MLC-T-ECS-001962",
  "term": "Total value of shipments",
  "field": "Economic statistics",
  "definition": "Includes the received or receivable net selling values, \"Free on Board\" (FOB) plant (exclusive of freight and taxes), of all products shipped, both primary and secondary, as well as all miscellaneous receipts, such as receipts for contract work performed for others, installation and repair, sales of scrap, and sales of products bought and sold without further processing. Included are all items made by or for the establishments from material owned by it, whether sold, transferred to other plants of the same company, or shipped on consignment. The net selling value of products made in one plant on a contract basis from materials owned by another was reported by the plant providing the materials. In the case of multiunit companies, the manufacturer was requested to report the value of products transferred to other establishments of the same company at full economic or commercial value, including not only the direct cost of production but also a reasonable proportion of \"all other costs\" (including company overhead) and profit (interplant transfers). In addition to the value for the North American Industry Classification System (NAICS) defined products, aggregates of the following categories of miscellaneous receipts are reported as part of a total establishment's value of product shipments:\n\n• value of resales - sales of products bought and sold without further manufacture, processing, or assembly;\n\n• contract receipts - receipts for work or services that a plant performed for others on their materials; and\n\n• other miscellaneous receipts - includes repair work, installation, sales of scrap, etc.\n\nTotal value of shipments is comprised of three components. These components are:\n\n• primary product value of shipments\n\n• secondary product value of shipments; and\n\n• total miscellaneous receipts.\n\n\"",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/total-value-of-shipments/"
}