Mirvac Group (ASX:MGR) Net Margin % : -16.07% (As of Dec. 2023)

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What is Mirvac Group Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Mirvac Group's Net Income for the six months ended in Dec. 2023 was A$-201 Mil. Mirvac Group's Revenue for the six months ended in Dec. 2023 was A$1,251 Mil. Therefore, Mirvac Group's net margin for the quarter that ended in Dec. 2023 was -16.07%.

The historical rank and industry rank for Mirvac Group's Net Margin % or its related term are showing as below:

ASX:MGR' s Net Margin % Range Over the Past 10 Years
Min: -25.47 Med: 42.77 Max: 51.85
Current: -25.47

ASX:MGR's Net Margin % is ranked worse than
82.81% of 797 companies
in the REITs industry
Industry Median: 32.84 vs ASX:MGR: -25.47

Mirvac Group Net Margin % Historical Data

The historical data trend for Mirvac Group's Net Margin % 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.

Mirvac Group Net Margin % Chart

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Net Margin %

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47.13

27.00

50.67

40.30

-9.15

Mirvac Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	Get a 7-Day Free Trial															43.97	35.41	27.81	-36.89	-16.07

Competitive Comparison of Mirvac Group's Net Margin %

For the REIT - Diversified subindustry, Mirvac Group's Net Margin %, along with its competitors' market caps and Net Margin % 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.

Mirvac Group's Net Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mirvac Group's Net Margin % distribution charts can be found below:

* The bar in red indicates where Mirvac Group's Net Margin % falls into.

Mirvac Group Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Mirvac Group's Net Margin for the fiscal year that ended in Jun. 2023 is calculated as

Net Margin	=	Net Income (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	-165	/	1803
	=	-9.15 %

Mirvac Group's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-201	/	1251
	=	-16.07 %

Mirvac Group (ASX:MGR) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Mirvac Group Net Margin % Related Terms

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Mirvac Group (ASX:MGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (ASX:MGR) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

Mirvac Group (ASX:MGR) Headlines

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