This document provides an explanation on how shrimp trawler owners/operators can analyze the effects of changing costs and ex-vessel prices on the profitability of operating a shrimp trawler. An Excel spreadsheet is provided with sample boat costs and revenues. The spreadsheet allows the trawler owner/operator to enter costs and revenues data for their own vessel. This can be used to estimate average costs of landing a pound of shrimp by the vessel owner/operator and the profit (loss) per pound of landed shrimp. As input costs vary for key items like fuel, ice, BRDS, etc, the trawler owner can estimate the impact of these input costs on the total average cost of landing a pound of shrimp. Similarly, as the ex-vessel (landed) price for a pound of shrimp changes, the vessel owner/operator can estimate the impact of these price changes on the profitability of operating the trawler.