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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 10.9B | 1.7% |
Gross Profit | 919M | 18% |
Cost of Revenue | 10B | 3.9% |
Operating expense | 514M | 11.7% |
Net Income | 9M | 96.7% |
EBITDA | 852M | 10.5% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 32.6B | 1.7% |
Total Liabilities | 20.7B | 4.3% |
Total Equity | 11.5B | 2.7% |
Shares Outstanding | 287M | 0.2% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 260M | 83.9% |
Cash from financing | 643M | 343.2% |
EPS
Financial Highlights for Magna International in Q1 '24
Magna International reported a revenue of 10.9B, which is a 1.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 919M, marking a -18% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 10B, a 3.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 514M, showing a -11.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 9M, showing a -96.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 852M, showing a -10.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Magna International faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.