Magic Software Enterprises (RMTHF) Other Operating Expenses (2009 - 2024)
Magic Software Enterprises (RMTHF) reported Other Operating Expenses of $10.8 million for Q2 2024, down 96.47% quarter-over-quarter from $306.0 million in Q1 2024.
Magic Software Enterprises (RMTHF) Other Operating Expenses (2009 - 2024) Analysis & Trends
Magic Software Enterprises has reported Other Operating Expenses for 8 years, with the latest figure at $10.8 million in Q2 2024.
- For the quarter ending Q2 2024, Other Operating Expenses changed N/A year-over-year to $10.8 million; the trailing twelve-month figure through Mar 2025 stood at $10.8 million (down 99.49% YoY), and the FY2024 full-year result was $61.2 million, up 7.23% from the prior year.
- Other Operating Expenses for Q2 2024 stood at $10.8 million, down from $306.0 million in the prior quarter.
- The five-year high for Other Operating Expenses was $1.8 billion in Q4 2023, with the low at -$423.0 million in Q2 2022.
- Historically, Other Operating Expenses has averaged $243.9 million across 5 years, with a median of $10.8 million in 2024.
- Annual changes were most pronounced in 2021 — Other Operating Expenses jumped 3655.88% — and 2022, when it tumbled 26918.18%.
- Magic Software Enterprises' Other Operating Expenses stood at $1.1 million in 2020, then jumped by 3655.88% to $40.9 million in 2021, then soared by 2949.14% to $1.2 billion in 2022, then surged by 46.47% to $1.8 billion in 2023, then slumped by 99.41% to $10.8 million in 2024.
- The last three Other Operating Expenses figures came in at $10.8 million (Q2 2024), $306.0 million (Q1 2024), and $1.8 billion (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn |
| 10 | Magic Software Enterprises | - | - | 45.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 10.80 Mn |
| Mar 31, 2024 | 306.00 Mn |
| Dec 31, 2023 | 1.83 Bn |
| Mar 31, 2023 | -165.00 Mn |
| Dec 31, 2022 | 1.25 Bn |
| Sep 30, 2022 | -177.00 Mn |
| Jun 30, 2022 | -423.00 Mn |
| Dec 31, 2021 | 40.86 Mn |
| Sep 30, 2021 | 660,000.00 |
| Jun 30, 2021 | 18.00 Mn |
| Dec 31, 2020 | 1.09 Mn |
| Dec 31, 2016 | 499,000.00 |
| Dec 31, 2014 | -1.55 Mn |
| Dec 31, 2009 | -4.04 Mn |