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Barrick Gold (LTS:0R22) Operating Margin % : 32.90% (As of Sep. 2024)


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What is Barrick Gold Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Barrick Gold's Operating Income for the three months ended in Sep. 2024 was £838 Mil. Barrick Gold's Revenue for the three months ended in Sep. 2024 was £2,546 Mil. Therefore, Barrick Gold's Operating Margin % for the quarter that ended in Sep. 2024 was 32.90%.

Good Sign:

Barrick Gold Corp operating margin is expanding. Margin expansion is usually a good sign.

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

LTS:0R22' s Operating Margin % Range Over the Past 10 Years
Min: 16.13   Med: 26.06   Max: 36.22
Current: 28.37


LTS:0R22's Operating Margin % is ranked better than
88.33% of 857 companies
in the Metals & Mining industry
Industry Median: 2.61 vs LTS:0R22: 28.37

Barrick Gold's 5-Year Average Operating Margin % Growth Rate was 5.80% per year.

Barrick Gold's Operating Income for the three months ended in Sep. 2024 was £838 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was £2,717 Mil.


Barrick Gold Operating Margin % Historical Data

The historical data trend for Barrick Gold's Operating 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 Operating Margin % Chart

Barrick Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.58 35.86 36.22 27.46 24.66

Barrick Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Operating 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 29.91 20.73 25.12 33.62 32.90

Competitive Comparison of Barrick Gold's Operating Margin %

For the Gold subindustry, Barrick Gold's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % Distribution in the Metals & Mining Industry

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

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



Barrick Gold Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

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

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=2219.9 / 9003.63
=24.66 %

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

Operating Margin %=Operating Income (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=837.648 / 2546.208
=32.90 %

* 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  (LTS:0R22) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Barrick Gold Operating 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.

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