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GOLD (Barrick Gold) Net Margin % : 14.34% (As of Sep. 2024)


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What is Barrick Gold Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Barrick Gold's Net Income for the three months ended in Sep. 2024 was $483 Mil. Barrick Gold's Revenue for the three months ended in Sep. 2024 was $3,368 Mil. Therefore, Barrick Gold's net margin for the quarter that ended in Sep. 2024 was 14.34%.

The historical rank and industry rank for Barrick Gold's Net Margin % or its related term are showing as below:

GOLD' s Net Margin % Range Over the Past 10 Years
Min: -31.43   Med: 9.41   Max: 40.85
Current: 13.18


GOLD's Net Margin % is ranked better than
80.44% of 859 companies
in the Metals & Mining industry
Industry Median: 0.7 vs GOLD: 13.18

Barrick Gold Net Margin % Historical Data

The historical data trend for Barrick Gold's Net 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.

* Premium members only.

Barrick Gold Net Margin % Chart

Barrick Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.85 18.45 16.87 3.92 11.16

Barrick Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Margin % 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 Premium Member Only 12.86 15.66 10.74 11.70 14.34

Competitive Comparison of Barrick Gold's Net Margin %

For the Gold subindustry, Barrick Gold's Net Margin %, along with its competitors' market caps and Net 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.


Barrick Gold's Net Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Barrick Gold's Net Margin % distribution charts can be found below:

* The bar in red indicates where Barrick Gold's Net Margin % falls into.



Barrick Gold Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Barrick Gold's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=1272/11397
=11.16 %

Barrick Gold's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=483/3368
=14.34 %

* 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.


Barrick Gold  (NYSE:GOLD) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Barrick Gold Net Margin % Related Terms

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Barrick Gold Business Description

Address
161 Bay Street, Brookfield Place, Suite 3700, P.O. Box 212, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1
Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2023, the firm produced nearly 4.1 million attributable ounces of gold and about 420 million pounds of copper. At year-end 2023, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.