Magellan Aerospace (Magellan Aerospace) Gross Profit : $67.4 Mil (TTM As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Magellan Aerospace Gross Profit?

Magellan Aerospace's gross profit for the three months ended in Mar. 2024 was $17.6 Mil. Magellan Aerospace's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $67.4 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Magellan Aerospace's gross profit for the three months ended in Mar. 2024 was $17.6 Mil. Magellan Aerospace's Revenue for the three months ended in Mar. 2024 was $173.8 Mil. Therefore, Magellan Aerospace's Gross Margin % for the quarter that ended in Mar. 2024 was 10.12%.

Magellan Aerospace had a gross margin of 10.12% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Magellan Aerospace was 18.08%. The lowest was 4.59%. And the median was 15.66%.

Warning Sign:

Magellan Aerospace Corp gross margin has been in long-term decline. The average rate of decline per year is -17.7%.

Magellan Aerospace Gross Profit Historical Data

The historical data trend for Magellan Aerospace's Gross Profit 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.

* Premium members only.

Magellan Aerospace Gross Profit Chart

Magellan Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

Get a 7-Day Free Trial

119.19

75.33

37.76

25.81

66.33

Magellan Aerospace Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															16.27	17.32	14.74	17.72	17.60

Competitive Comparison of Magellan Aerospace's Gross Profit

For the Aerospace & Defense subindustry, Magellan Aerospace's Gross Profit, along with its competitors' market caps and Gross Profit 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.

Magellan Aerospace's Gross Profit Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's Gross Profit distribution charts can be found below:

* The bar in red indicates where Magellan Aerospace's Gross Profit falls into.

Magellan Aerospace Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Magellan Aerospace's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	655.648	-	589.316
	=	66.3

Magellan Aerospace's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	173.791	-	156.196
	=	17.6

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $67.4 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Magellan Aerospace's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	17.6	/	173.791
	=	10.12 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Magellan Aerospace (OTCPK:MALJF) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Magellan Aerospace had a gross margin of 10.12% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

Magellan Aerospace Gross Profit Related Terms

Thank you for viewing the detailed overview of Magellan Aerospace's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.

Magellan Aerospace (Magellan Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (OTCPK:MALJF) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

4M7A:Germany MAL:Canada

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.