No, it is probably worse. People here are very sloppy in when sales are recognized. Additionally sales to Lotte (Homan) may not be at the highest prices imaginable. Sales to BPC, the Russian sales agent, might not also be at high prices. Then again when are these sales recognized and what stage of the sale process are they currently at.
It probably is considerably worse. Suppose I make a product that costs me $10 to make and I sell to to you fro $10. How am I doing?