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MGMNF (Magna Mining) Gross-Profit-to-Asset % : -0.39% (As of Sep. 2024)


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What is Magna Mining Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Magna Mining's annualized Gross Profit for the quarter that ended in Sep. 2024 was $-0.07 Mil. Magna Mining's average Total Assets over the quarter that ended in Sep. 2024 was $18.24 Mil. Therefore, Magna Mining's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was -0.39%.


Magna Mining Gross-Profit-to-Asset % Historical Data

The historical data trend for Magna Mining's Gross-Profit-to-Asset % 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.

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Magna Mining Gross-Profit-to-Asset % Chart

Magna Mining Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
-0.09 -0.34 -0.43 -0.61

Magna Mining Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross-Profit-to-Asset % Get a 7-Day Free Trial 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 -0.34 -0.50 -0.76 -0.57 -0.39

Competitive Comparison of Magna Mining's Gross-Profit-to-Asset %

For the Other Industrial Metals & Mining subindustry, Magna Mining's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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 Mining's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Magna Mining's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Magna Mining's Gross-Profit-to-Asset % falls into.



Magna Mining Gross-Profit-to-Asset % Calculation

Magna Mining's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=-0.046/( (5.665+9.516)/ 2 )
=-0.046/7.5905
=-0.61 %

Magna Mining's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-0.072/( (17.883+18.605)/ 2 )
=-0.072/18.244
=-0.39 %

* 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.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Sep. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Magna Mining Gross-Profit-to-Asset % Related Terms

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Magna Mining Business Description

Traded in Other Exchanges
Address
45 Oak Street, Box 103, Dowling, ON, CAN, P0M 1R0
Magna Mining Inc is a Sudbury-focused base metal exploration and development company. It is prospective for nickel, copper, and PGM discoveries. Its projects include the Shakespeare Project and the Shining Tree Project. It has one reportable operating segment, being the acquisition, exploration and development of mineral properties. The Company's assets are located in Canada.

Magna Mining Headlines