Gross Margin % is calculated as gross profit divided by its revenue. Magnit PJSC's Gross Profit for the
six
months ended in Jun. 2023 was ₽280,521 Mil. Magnit PJSC's Revenue for the
six
months ended in Jun. 2023 was ₽1,229,456 Mil. Therefore, Magnit PJSC's Gross Margin % for the quarter that ended in Jun. 2023 was 22.82%.
The historical rank and industry rank for Magnit PJSC's Gross Margin % or its related term are showing as below:
MIC:MGNT's Gross Margin % is not ranked *
in the Retail - Defensive industry.
Industry Median: 24.08 * Ranked among companies with meaningful Gross Margin % only.
Magnit PJSC had a gross margin of 22.82% for the quarter that ended in Jun. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Magnit PJSC was 0.00% per year.
Magnit PJSC (MIC:MGNT) 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
Magnit PJSC had a gross margin of 22.82% for the quarter that ended in Jun. 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.
Magnit PJSC Gross Margin % Related Terms
Magnit PJSC Gross Margin % Historical Data
* Premium members only.
The historical data trend for Magnit 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.
MIC:MGNT vs WMT, COST, TGT: Gross Margin % Comparison
For the Discount Stores subindustry, Magnit 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.
Magnit PJSC Gross Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Magnit PJSC's Gross Margin % falls into.
* 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.
Magnit PJSC (MIC:MGNT) has a Gross Margin % of 22.82% as of Jun. 2023. Gross margin is the ratio of total gross profit to net sales. View historical data on Magnit PJSC and its competitors.
Is Magnit PJSC's Gross Margin % too high?
Magnit PJSC's current Gross Margin % is 22.82%. The Retail - Defensive industry median Gross Margin % is 24.08. Magnit PJSC's value of 22.82% is 5.2% below this industry median. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's Gross Margin % compare to WMT and COST?
Magnit PJSC's Gross Margin % of 22.82% can be compared against companies in the Retail - Defensive industry. The industry median Gross Margin % is 24.08. Magnit PJSC's value of 22.82% is 5.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Defensive company?
The median Gross Margin % among Retail - Defensive companies is 24.08, based on 303 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Magnit PJSC's current Gross Margin % of 22.82% is 5.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Magnit PJSC and its competitors. For the Retail - Defensive industry, the median Gross Margin % is 24.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnit PJSC's current Gross Margin % is 22.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current Gross Margin % of 22.82%. The current Gross Margin % is 22.82% and 5.2% below the Retail - Defensive industry median of 24.08. Magnit PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Magnit PJSC (MIC:MGNT), the current Gross Margin % is 22.82% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
17GF Score
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