Magnum Mining and Exploration Profit margin
What is the Profit margin of Magnum Mining and Exploration?
The Profit margin of Magnum Mining and Exploration Limited is -2,629.03%
What is the definition of Profit margin?
Profit margin is a measure of profitability and is calculated by finding the net profit as a percentage of the revenue.
lfy (last fiscal year)
Profit margin is calculated with the selling price (or revenue) taken as base times 100. It is the percentage of selling price that is turned into profit. Profit percentages are calculated to find the ratio of profit to cost of an investment. Profit margin is an indicator of a company's pricing strategies and how well it controls costs. Differences in competitive strategy and product mix cause the profit margin to vary among different companies. The profit margin is used mostly for internal comparisons. It is difficult to accurately compare the net profit ratio for different entities. Individual businesses' operating and financing arrangements vary so much that different entities are bound to have different levels of expenditure, so that comparison of one with another can have little meaning. A low profit margin indicates a low margin of safety: higher risk that a decline in sales will erase profits and result in a net loss, or a negative margin.
Profit margin of companies in the Materials sector on ASX compared to Magnum Mining and Exploration
What does Magnum Mining and Exploration do?
Magnum Mining and Exploration Limited engages in the exploration and evaluation of mineral properties. The company owns a 74% interest in the Gravelotte emerald project located in the Limpopo province of South Africa. It has a purchase agreement to acquire a 100% interest in the Buena Vista iron ore project located in Nevada, United States. The company was incorporated in 1986 and is based in Sydney, Australia.
Companies with profit margin similar to Magnum Mining and Exploration
- Pacifico Minerals has Profit margin of -2,705.66%
- Nikola has Profit margin of -2,696.17%
- Kleos Space S.A has Profit margin of -2,687.50%
- Advantagewon Oil has Profit margin of -2,667.08%
- Erris Resources Plc has Profit margin of -2,650.00%
- State Gas has Profit margin of -2,644.44%
- Magnum Mining and Exploration has Profit margin of -2,629.03%
- PAVmed Inc has Profit margin of -2,617.25%
- Stone Resources Australia has Profit margin of -2,615.89%
- Dreadnought Resources has Profit margin of -2,600.82%
- LMS Capital plc has Profit margin of -2,597.22%
- Canyon Resources has Profit margin of -2,585.49%
- Lodestar Minerals has Profit margin of -2,558.44%