Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) Gross Margin %: 29.14% (As of Dec. 2023)

Magnitogorsk Iron & Steel Works PJSC  (MIC:MAGN) Gross Margin % 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

Magnitogorsk Iron & Steel Works PJSC had a gross margin of 29.14% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Magnitogorsk Iron & Steel Works PJSC Gross Margin % Related Terms

The historical data trend for Magnitogorsk Iron & Steel Works PJSC's Gross 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.

Magnitogorsk Iron & Steel Works PJSC Gross Margin % Chart

Magnitogorsk Iron & Steel Works PJSC Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Gross Margin %		Get a 7-Day Free Trial					27.15	26.71	40.79	24.67	28.82

Magnitogorsk Iron & Steel Works PJSC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															39.47	27.79	20.52	28.44	29.14

MIC:MAGN vs NUE, STLD, RS: Gross Margin % Comparison

For the Steel subindustry, Magnitogorsk Iron & Steel Works PJSC's Gross Margin %, along with its competitors' market caps and Gross 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.

Magnitogorsk Iron & Steel Works PJSC Gross Margin % vs Steel Industry

For the Steel industry and Basic Materials sector, Magnitogorsk Iron & Steel Works PJSC's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Magnitogorsk Iron & Steel Works PJSC's Gross Margin % falls into.

Magnitogorsk Iron & Steel Works PJSC Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Magnitogorsk Iron & Steel Works PJSC's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Magnitogorsk Iron & Steel Works PJSC's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

* 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.

Magnitogorsk Iron & Steel Works PJSC Business Description