Magnit PJSC (MIC:MGNT) Net Margin % : 2.77% (As of Jun. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Magnit PJSC Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Magnit PJSC's Net Income for the six months ended in Jun. 2023 was ₽34,016 Mil. Magnit PJSC's Revenue for the six months ended in Jun. 2023 was ₽1,229,456 Mil. Therefore, Magnit PJSC's net margin for the quarter that ended in Jun. 2023 was 2.77%.

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

MIC:MGNT' s Net Margin % Range Over the Past 10 Years
Min: 0.7 Med: 2.85 Max: 6.25
Current: 1.33

MIC:MGNT's Net Margin % is ranked worse than
62.3% of 313 companies
in the Retail - Defensive industry
Industry Median: 2.15 vs MIC:MGNT: 1.33

Magnit PJSC Net Margin % Historical Data

The historical data trend for Magnit PJSC'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.

Magnit PJSC Net Margin % Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Net Margin %

Get a 7-Day Free Trial

1.95

0.70

2.12

2.59

1.19

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Net Margin %	Get a 7-Day Free Trial															2.71	2.50	2.58	-0.12	2.77

Competitive Comparison of Magnit PJSC's Net Margin %

For the Discount Stores subindustry, Magnit PJSC'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.

Magnit PJSC's Net Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Net Margin % distribution charts can be found below:

* The bar in red indicates where Magnit PJSC's Net Margin % falls into.

Magnit PJSC 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.

Magnit PJSC's Net Margin for the fiscal year that ended in Dec. 2022 is calculated as

Net Margin	=	Net Income (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	27932.517	/	2351996.423
	=	1.19 %

Magnit PJSC's Net Margin for the quarter that ended in Jun. 2023 is calculated as

Net Margin	=	Net Income (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	34015.921	/	1229455.981
	=	2.77 %

Magnit PJSC (MIC:MGNT) 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.

Magnit PJSC Net Margin % Related Terms

Thank you for viewing the detailed overview of Magnit PJSC's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Magnit PJSC (MIC:MGNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (MIC:MGNT) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.