Magic Software Enterprises (Magic Software Enterprises) Gross-Profit-to-Asset % : 28.80% (As of Dec. 2023)

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What is Magic Software Enterprises Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Magic Software Enterprises's annualized Gross Profit for the quarter that ended in Dec. 2023 was $147.8 Mil. Magic Software Enterprises's average Total Assets over the quarter that ended in Dec. 2023 was $513.3 Mil. Therefore, Magic Software Enterprises's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 28.80%.

Magic Software Enterprises Gross-Profit-to-Asset % Historical Data

The historical data trend for Magic Software Enterprises's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Magic Software Enterprises Gross-Profit-to-Asset % Chart

Magic Software Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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26.63

25.73

28.46

31.31

29.72

Magic Software Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															33.40	30.31	30.69	28.56	28.80

Competitive Comparison of Magic Software Enterprises's Gross-Profit-to-Asset %

For the Information Technology Services subindustry, Magic Software Enterprises's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Magic Software Enterprises's Gross-Profit-to-Asset % Distribution in the Software Industry

For the Software industry and Technology sector, Magic Software Enterprises's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Magic Software Enterprises's Gross-Profit-to-Asset % falls into.

Magic Software Enterprises Gross-Profit-to-Asset % Calculation

Magic Software Enterprises's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	152.987	/	( (505.141	+	524.42)	/ 2 )
	=	152.987	/	514.7805
	=	29.72 %

Magic Software Enterprises's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	147.84	/	( (502.224	+	524.42)	/ 2 )
	=	147.84	/	513.322
	=	28.80 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Magic Software Enterprises Gross-Profit-to-Asset % Related Terms

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Magic Software Enterprises (Magic Software Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magic Software Enterprises Ltd (NAS:MGIC) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

MGIC:Israel MGK:Germany MGK:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Or Yehuda, ISR, 6037501

Website

https://www.magicsoftware.com

Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers advanced and flexible IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.