Kinross Gold (Kinross Gold) Net Margin % : 5.86% (As of Dec. 2023)

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What is Kinross Gold Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Kinross Gold's Net Income for the three months ended in Dec. 2023 was $65 Mil. Kinross Gold's Revenue for the three months ended in Dec. 2023 was $1,116 Mil. Therefore, Kinross Gold's net margin for the quarter that ended in Dec. 2023 was 5.86%.

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

KGC' s Net Margin % Range Over the Past 10 Years
Min: -33.65 Med: 3.89 Max: 31.86
Current: 9.81

KGC's Net Margin % is ranked better than
78.05% of 861 companies
in the Metals & Mining industry
Industry Median: 0.28 vs KGC: 9.81

Kinross Gold Net Margin % Historical Data

The historical data trend for Kinross Gold'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.

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Kinross Gold Net Margin % Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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20.55

31.86

8.51

-17.52

9.82

Kinross Gold 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															-9.85	9.71	13.82	9.95	5.86

Competitive Comparison of Kinross Gold's Net Margin %

For the Gold subindustry, Kinross Gold'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.

Kinross Gold's Net Margin % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Kinross Gold's Net Margin % falls into.

Kinross Gold 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.

Kinross Gold'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 )
	=	416.3	/	4239.7
	=	9.82 %

Kinross Gold'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 )
	=	65.4	/	1115.7
	=	5.86 %

Kinross Gold (NYSE:KGC) 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.

Kinross Gold Net Margin % Related Terms

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Kinross Gold (Kinross Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.