Magnolia Oil & Gas Corp (MGY)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 93.39% | 93.74% | 94.46% | 95.17% | 95.53% | 95.84% | 95.49% | 93.41% | 91.70% | 88.07% | 84.84% | 82.77% | -268.73% | -221.03% | -167.77% | -120.61% | 89.97% | 90.10% | 88.22% | 66.79% |
| Operating profit margin | 43.56% | 47.42% | 53.35% | 59.37% | 63.37% | 64.25% | 63.37% | 59.22% | 55.88% | 49.13% | 39.78% | 24.35% | -355.75% | -313.31% | -260.49% | -206.70% | 13.53% | 18.61% | 21.36% | 29.21% |
| Pretax margin | 40.38% | 42.97% | 47.17% | 51.22% | 53.14% | 52.46% | 49.89% | 43.83% | 39.52% | 33.39% | 25.34% | 13.84% | -237.90% | -210.15% | -174.53% | -138.66% | 6.89% | 9.92% | 10.17% | 18.12% |
| Net profit margin | 31.65% | 41.61% | 46.81% | 50.71% | 52.75% | 48.42% | 46.38% | 41.70% | 38.70% | 32.67% | 25.00% | 14.39% | -223.24% | -197.75% | -164.71% | -131.50% | 5.33% | 7.80% | 7.89% | 16.27% |
The profitability ratios of Magnolia Oil & Gas Corp have shown fluctuating trends over the past few quarters.
The gross profit margin has shown a general upward trend, indicating that the company has been able to effectively control its cost of goods sold and generate higher gross profit from its revenue. However, there was a significant negative spike in the gross profit margin in the fourth quarter of 2020, potentially indicating operational challenges during that period.
The operating profit margin has also shown variability over the quarters, with some periods showing significant improvements while others experienced declines. The company displayed a strong performance in the first quarter of 2023, with an operating profit margin of 59.37%, but there were periods of negative margins, particularly in the fourth quarter of 2020 and the first quarter of 2021, reflecting potential operational inefficiencies or extraordinary expenses during those periods.
The pretax margin and net profit margin both exhibit similar trends to the operating profit margin, indicating that the company's profitability before and after taxes has also shown fluctuations over the quarters. Despite the variability, Magnolia Oil & Gas Corp has managed to maintain positive pretax and net profit margins, with improvements in profitability seen in some quarters compared to others.
Overall, while the company has shown resilience in maintaining positive profitability margins, there have been periods of volatility and challenges, as indicated by the fluctuations in the profitability ratios. Further analysis would be needed to understand the specific drivers behind these trends and to assess the sustainability of the company's profitability in the future.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 19.39% | 22.41% | 29.53% | 37.45% | 41.74% | 46.85% | 44.93% | 41.15% | 34.50% | 27.95% | 19.60% | 9.52% | -132.49% | -135.65% | -137.28% | -125.46% | 3.68% | 5.06% | 5.41% | 7.24% |
| Return on assets (ROA) | 14.09% | 19.66% | 25.91% | 31.99% | 34.74% | 35.31% | 32.88% | 28.98% | 23.89% | 18.59% | 12.32% | 5.62% | -83.14% | -85.62% | -86.80% | -79.81% | 1.45% | 2.12% | 2.00% | 4.03% |
| Return on total capital | 25.64% | 28.90% | 37.41% | 48.48% | 54.61% | 64.90% | 63.04% | 57.42% | 50.02% | 40.96% | 29.06% | 13.84% | -205.02% | -210.71% | -211.44% | -200.40% | 5.46% | 6.66% | 6.15% | 9.09% |
| Return on equity (ROE) | 22.95% | 31.34% | 40.69% | 51.53% | 56.71% | 63.91% | 62.48% | 57.94% | 51.09% | 42.44% | 29.60% | 13.42% | -220.45% | -230.57% | -232.75% | -219.06% | 2.83% | 4.24% | 4.06% | 8.22% |
The profitability ratios of Magnolia Oil & Gas Corp show a fluctuating trend over the past few quarters.
1. Operating return on assets (Operating ROA): This ratio indicates how efficiently the company is generating profits from its assets used in operations. The company's operating ROA has been generally improving, reaching a peak of 46.85% in the third quarter of 2022 before declining sharply in the following quarter.
2. Return on assets (ROA): ROA provides insight into how effectively the company is utilizing its assets to generate overall profit. Magnolia Oil & Gas Corp's ROA has also shown improvement, with peaks in the range of 31.99% to 34.74%, though there are periodic decreases, such as the significant drop to -83.14% in the fourth quarter of 2020.
3. Return on total capital: This ratio measures the company's ability to earn a return on all capital invested, including both debt and equity. Magnolia Oil & Gas Corp's return on total capital has been volatile, with peaks exceeding 50%, indicating efficient capital utilization, but also periods of negative values, such as -205.02% in the fourth quarter of 2020.
4. Return on equity (ROE): ROE evaluates how well the company is generating returns on the shareholders' equity. The company's ROE has followed a similar pattern to the other profitability ratios, showing improvements and occasional declines. The ROE has peaked around 56.71%, demonstrating strong shareholder value creation.
In summary, Magnolia Oil & Gas Corp has exhibited varying profitability performance over time, with some quarters showing strong profitability metrics while others have experienced significant declines. Overall, consistent monitoring of these ratios is essential to assess the company's financial health and performance.