Kellanova (K)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 951,000 | 825,000 | 865,000 | 836,000 | 960,000 | 1,492,000 | 1,488,000 | 1,542,000 | 1,488,000 | 1,260,000 | 1,301,000 | 1,272,000 | 1,251,000 | 1,191,000 | 1,090,000 | 1,025,000 | 960,000 | 731,000 | 864,000 | 1,174,000 |
| 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 |
| Net profit margin | 7.25% | 6.29% | 6.60% | 6.14% | 6.88% | 10.50% | 10.21% | 10.81% | 10.49% | 8.86% | 9.27% | 9.12% | 9.08% | 8.80% | 8.09% | 7.61% | 7.07% | 5.35% | 6.27% | 8.59% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $951,000K ÷ $13,122,000K
= 7.25%
The net profit margin of Kellanova has shown some fluctuations over the past several quarters. The margin has ranged from a low of 5.35% in March 2019 to a high of 10.81% in March 2022. In general, the company has managed to maintain a positive net profit margin, indicating its ability to generate profits from its operations after accounting for all expenses.
It is important to note that the net profit margin dipped in the most recent quarter to 7.25%, which was lower compared to the previous quarter. This decline could be due to various factors such as changes in expenses, pricing strategies, or fluctuations in revenue. Management should closely monitor the trend in the net profit margin to ensure profitability is sustained and potentially take corrective actions if necessary.
Overall, a net profit margin above 5% is generally considered healthy for most industries, indicating that Kellanova is efficiently managing its costs and generating profits. However, it is essential for the company to continue monitoring and striving to improve its net profit margin over time to ensure long-term financial sustainability.
Peer comparison
Dec 31, 2023