Kellanova (K)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,505,000 | 1,211,000 | 1,752,000 | 1,761,000 | 1,401,000 |
| Revenue | US$ in thousands | 13,122,000 | 12,653,000 | 14,181,000 | 13,770,000 | 13,578,000 |
| Operating profit margin | 11.47% | 9.57% | 12.35% | 12.79% | 10.32% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,505,000K ÷ $13,122,000K
= 11.47%
Kellanova's operating profit margin has fluctuated over the past five years, ranging from a low of 9.57% in 2022 to a high of 12.79% in 2020. The operating profit margin indicates the efficiency of the company's operations in generating profit from its core business activities. In 2023, the operating profit margin increased to 11.47% from the previous year, demonstrating an improvement in profitability. However, it is important to further analyze the underlying factors driving these changes to assess the sustainability of this trend in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
Kellanova
K
11.47%
General Mills Inc
GIS
168.40%
Ingredion Incorporated
INGR
11.73%
Post Holdings Inc
POST
8.57%
WK Kellogg Co
KLG
3.36%