Mount Gibson Iron (ASX:MGX) Net Margin % : 34.32% (As of Dec. 2023)

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What is Mount Gibson Iron Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Mount Gibson Iron's Net Income for the six months ended in Dec. 2023 was A$138.7 Mil. Mount Gibson Iron's Revenue for the six months ended in Dec. 2023 was A$404.1 Mil. Therefore, Mount Gibson Iron's net margin for the quarter that ended in Dec. 2023 was 34.32%.

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

ASX:MGX' s Net Margin % Range Over the Past 10 Years
Min: -281.81 Med: 17.37 Max: 51.49
Current: 19.16

ASX:MGX's Net Margin % is ranked better than
93.39% of 605 companies
in the Steel industry
Industry Median: 2.92 vs ASX:MGX: 19.16

Mount Gibson Iron Net Margin % Historical Data

The historical data trend for Mount Gibson Iron'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.

Mount Gibson Iron Net Margin % Chart

Mount Gibson Iron Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Net Margin %

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51.49

18.48

21.30

-93.55

1.14

Mount Gibson Iron Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	Get a 7-Day Free Trial															-139.43	-78.03	5.11	-0.71	34.32

Competitive Comparison of Mount Gibson Iron's Net Margin %

For the Steel subindustry, Mount Gibson Iron'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.

Mount Gibson Iron's Net Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mount Gibson Iron's Net Margin % distribution charts can be found below:

* The bar in red indicates where Mount Gibson Iron's Net Margin % falls into.

Mount Gibson Iron 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.

Mount Gibson Iron's Net Margin for the fiscal year that ended in Jun. 2023 is calculated as

Net Margin	=	Net Income (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	5.179	/	452.685
	=	1.14 %

Mount Gibson Iron's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	138.72	/	404.137
	=	34.32 %

Mount Gibson Iron (ASX:MGX) 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.

Mount Gibson Iron Net Margin % Related Terms

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Mount Gibson Iron (ASX:MGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mount Gibson Iron Ltd (ASX:MGX) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

MTGRY:USA MTGRF:USA

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mtgibsoniron.com.au

Mount Gibson Iron Ltd is a Western Australia-based iron ore mining company. The activities of the company involve mining, processing and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; care and maintenance of the Shine hematite iron ore site and related infrastructure, rehabilitation works at the Extension Hill mine site and management of the Geraldton Port facilities in the Mid-West region of Western Australia; treasury management; and the pursuit of mineral resources acquisitions and investments. The company operates into two segments: Mid-West segment and Koolan Island segment. The company derives the majority of its revenue from Koolan Island.