Magna Gold (Magna Gold) Gross-Profit-to-Asset % : -32.03% (As of Sep. 2022)

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What is Magna Gold 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 Gold's annualized Gross Profit for the quarter that ended in Sep. 2022 was $-26.64 Mil. Magna Gold's average Total Assets over the quarter that ended in Sep. 2022 was $83.15 Mil. Therefore, Magna Gold's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2022 was -32.03%.

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

The historical data trend for Magna Gold'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 Gold Gross-Profit-to-Asset % Chart

Magna Gold Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

Gross-Profit-to-Asset %

31.09

Magna Gold Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Gross-Profit-to-Asset %	Get a 7-Day Free Trial														41.63	30.72	-3.94	-28.09	-32.03

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

For the Gold subindustry, Magna Gold'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 Gold's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

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

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

Magna Gold Gross-Profit-to-Asset % Calculation

Magna Gold's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2021 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2021 )	/	( (Total Assets (A: Mar. 2020 )	+	Total Assets (A: Dec. 2021 ))	/ count )
	=	13.415	/	( (3.156	+	83.141)	/ 2 )
	=	13.415	/	43.1485
	=	31.09 %

Magna Gold's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2022 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
	=	-26.636	/	( (88.787	+	77.522)	/ 2 )
	=	-26.636	/	83.1545
	=	-32.03 %

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. 2022) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

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

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Magna Gold (Magna Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Gold Corp (OTCPK:MGLQF) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.magnagoldcorp.com

Magna Gold Corp is a Canadian gold company engaged in operations, development, exploration, and acquisition in Mexico. Its primary asset is the San Francisco Gold Mine in Sonora, Mexico, and exploration stage projects include San Judas, La Pima, Mercedes, and others. The majority of its revenue comes from sales of Gold.