Kellanova (K)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,545,000 | 13,122,000 | 3,811,000 | 3,818,000 | 4,727,000 |
| Revenue | US$ in thousands | 12,749,000 | 13,122,000 | 12,653,000 | 11,747,000 | 13,770,000 |
| Gross profit margin | 35.65% | 100.00% | 30.12% | 32.50% | 34.33% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,545,000K ÷ $12,749,000K
= 35.65%
The gross profit margin of Kellanova has shown some fluctuation over the years. It decreased from 34.33% on December 31, 2020, to 32.50% on December 31, 2021, indicating a slight decline in the company's profitability. The trend continued as the gross profit margin further dropped to 30.12% on December 31, 2022. However, there was a significant spike to 100.00% on December 31, 2023, which may have been influenced by specific factors such as extraordinary gains or accounting adjustments.
Following the abnormal peak, the gross profit margin reverted to a more normalized level of 35.65% on December 31, 2024. It is essential to analyze the underlying reasons behind these fluctuations to assess the overall financial health and operational efficiency of Kellanova. These variations in gross profit margin could be attributed to changes in sales prices, cost of goods sold, or operational inefficiencies within the company. Further investigation into the company's cost structure and revenue sources may provide additional insights into its performance and prospects for the future.
Peer comparison
Dec 31, 2024