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Magna International (Magna International) Gross Profit

: $5,612 Mil (TTM As of Dec. 2023)
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Magna International's gross profit for the three months ended in Dec. 2023 was $1,493 Mil. Magna International's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $5,612 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Magna International's gross profit for the three months ended in Dec. 2023 was $1,493 Mil. Magna International's Revenue for the three months ended in Dec. 2023 was $10,454 Mil. Therefore, Magna International's Gross Margin % for the quarter that ended in Dec. 2023 was 14.28%.

Magna International had a gross margin of 14.28% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Magna International was 15.56%. The lowest was 12.29%. And the median was 14.17%.

Warning Sign:

Magna International Inc gross margin has been in long-term decline. The average rate of decline per year is -1.9%.


Magna International Gross Profit Historical Data

The historical data trend for Magna International'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.

Magna International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,409.00 4,440.00 5,145.00 4,652.00 5,612.00

Magna International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,165.00 1,257.00 1,438.00 1,424.00 1,493.00

Competitive Comparison

For the Auto Parts subindustry, Magna International'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.


Magna International Gross Profit Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Magna International's Gross Profit distribution charts can be found below:

* The bar in red indicates where Magna International's Gross Profit falls into.



Magna International Gross Profit Calculation

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

Magna International'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
=42797 - 37185
=5,612

Magna International's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=10454 - 8961
=1,493

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,612 Mil.

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

Magna International's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=1,493 / 10454
=14.28 %

* 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.

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.


Magna International  (NYSE:MGA) 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

Magna International had a gross margin of 14.28% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage


Magna International Gross Profit Related Terms

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Magna International (Magna International) Business Description

Traded in Other Exchanges
Address
337 Magna Drive, Aurora, ON, CAN, L4G 7K1
Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.

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