Kellanova (K)
Gross profit margin
| 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 (ttm) | US$ in thousands | 4,283,000 | 4,135,000 | 3,973,000 | 3,294,000 | 2,827,000 | 2,182,000 | 1,681,000 | 1,770,000 | 1,725,000 | 2,608,000 | 3,362,000 | 4,055,000 | 4,727,000 | 4,630,000 | 4,429,000 | 4,418,000 | 4,381,000 | 4,382,000 | 4,558,000 | 4,581,000 |
| Revenue (ttm) | US$ in thousands | 13,122,000 | 13,112,000 | 13,108,000 | 13,621,000 | 13,951,000 | 14,207,000 | 14,578,000 | 14,269,000 | 14,181,000 | 14,225,000 | 14,032,000 | 13,942,000 | 13,770,000 | 13,529,000 | 13,472,000 | 13,468,000 | 13,578,000 | 13,672,000 | 13,769,000 | 13,668,000 |
| Gross profit margin | 32.64% | 31.54% | 30.31% | 24.18% | 20.26% | 15.36% | 11.53% | 12.40% | 12.16% | 18.33% | 23.96% | 29.08% | 34.33% | 34.22% | 32.88% | 32.80% | 32.27% | 32.05% | 33.10% | 33.52% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,283,000K ÷ $13,122,000K
= 32.64%
The gross profit margin of Kellanova has shown a fluctuating trend over the past few quarters. The margin has generally been on an upward trajectory since the start of 2020 but experienced a significant dip in the first quarter of 2023.
From December 2022 to March 2023, there was a notable decrease in gross profit margin, falling from 20.26% to 24.18%. Subsequently, there was a slight improvement in the following two quarters, June and September 2023, reaching 30.31% and 31.54% respectively.
Comparing these recent figures to the corresponding periods in the previous year, there is a clear trend of positive growth. For instance, the gross profit margin in December 2023 improved to 32.64% from 32.05% in December 2022. This indicates an overall positive performance in generating profits from sales after accounting for the cost of goods sold.
It is crucial for Kellanova to continue monitoring and analyzing its gross profit margin trend, as it is a key indicator of the company's operational efficiency and profitability. This metric reflects how effectively the company is managing its production costs and pricing strategies to generate profits.
Peer comparison
Dec 31, 2023