If a company reports high accounting profit but low economic profit, what does this imply about its implicit costs?

When a company has a high accounting profit but a low economic profit, it means that while the company is making a lot of money on paper, it is not doing as well when we consider all costs. Accounting profit only looks at explicit costs, which are the actual cash expenses, like rent and salaries. However, economic profit takes into account both explicit costs and implicit costs, which are the costs of missed opportunities or alternatives that the company could have pursued. For example, if a business owner could have earned $50,000 working somewhere else but chose to run their own business instead, that $50,000 is an implicit cost. This situation implies that the company has high implicit costs, which are reducing the true economic profit even though the accounting figures look good.