Kellanova (K)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,209,000 | 1,081,000 | 1,092,000 | 1,054,000 | 1,204,000 | 1,903,000 | 1,918,000 | 2,019,000 | 1,962,000 | 1,660,000 | 1,674,000 | 1,610,000 | 1,574,000 | 1,543,000 | 1,468,000 | 1,368,000 | 1,281,000 | 943,000 | 1,054,000 | 1,360,000 |
| 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 |
| Pretax margin | 9.21% | 8.24% | 8.33% | 7.74% | 8.63% | 13.39% | 13.16% | 14.15% | 13.84% | 11.67% | 11.93% | 11.55% | 11.43% | 11.41% | 10.90% | 10.16% | 9.43% | 6.90% | 7.65% | 9.95% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,209,000K ÷ $13,122,000K
= 9.21%
The pretax margin of Kellanova has shown fluctuations over the past few quarters. The pretax margin is a measure of a company's profitability before taxes, indicating how efficiently the company is generating profits from its operations.
Kellanova's pretax margin ranged between 6.90% to 14.15% over the time period analyzed. The highest pretax margin was observed in March 31, 2022, at 14.15%, while the lowest was in March 31, 2019, at 6.90%.
It is worth noting that the pretax margin experienced a significant decline from September 30, 2022, to March 31, 2023, dropping from 13.39% to 7.74%. However, it rebounded slightly in the following quarters.
Overall, Kellanova's pretax margin trend indicates some variability in its profitability performance, and further analysis of the factors driving these fluctuations would be necessary to provide a more in-depth assessment of the company's financial health.
Peer comparison
Dec 31, 2023