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Wheaton Precious Metals (Wheaton Precious Metals) Net Margin % : 53.73% (As of Dec. 2023)


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What is Wheaton Precious Metals Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Wheaton Precious Metals's Net Income for the three months ended in Dec. 2023 was $168 Mil. Wheaton Precious Metals's Revenue for the three months ended in Dec. 2023 was $313 Mil. Therefore, Wheaton Precious Metals's net margin for the quarter that ended in Dec. 2023 was 53.73%.

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

WPM' s Net Margin % Range Over the Past 10 Years
Min: -24.98   Med: 39.27   Max: 62.83
Current: 52.91


WPM's Net Margin % is ranked better than
96.52% of 862 companies
in the Metals & Mining industry
Industry Median: 0.28 vs WPM: 52.91

Wheaton Precious Metals Net Margin % Historical Data

The historical data trend for Wheaton Precious Metals'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.

Wheaton Precious Metals Net Margin % Chart

Wheaton Precious Metals 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 10.00 46.32 62.82 62.83 52.92

Wheaton Precious Metals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 70.38 51.94 53.38 52.15 53.73

Competitive Comparison of Wheaton Precious Metals's Net Margin %

For the Gold subindustry, Wheaton Precious Metals'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.


Wheaton Precious Metals's Net Margin % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Wheaton Precious Metals's Net Margin % falls into.



Wheaton Precious Metals 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.

Wheaton Precious Metals'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 )
=537.644/1016.045
=52.92 %

Wheaton Precious Metals'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 )
=168.435/313.472
=53.73 %

* 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.


Wheaton Precious Metals  (NYSE:WPM) 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.


Wheaton Precious Metals Net Margin % Related Terms

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Wheaton Precious Metals (Wheaton Precious Metals) Business Description

Address
1021 West Hastings Street, Suite 3500, Vancouver, BC, CAN, V6E 0C3
Wheaton Precious Metals Corp is a precious metal streaming company. The company has entered into over 20 long-term purchase agreements with 17 different mining companies, for the purchase of precious metals and cobalt. It has streaming agreements covering approximately 19 operating mines and 9 development stage projects. The company's projects include Vale's Salobo mine and silver streams on Glencore's Antamina mine and Goldcorp's Penasquito mine.