Kellanova (K)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 11.47% | 13.47% | 12.60% | 11.44% | 11.72% | 11.47% | 11.72% | 12.59% | 12.35% | 12.71% | 12.63% | 12.72% | 12.79% | 12.83% | 11.79% | 10.98% | 10.32% | 10.00% | 10.89% | 11.54% |
| 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% |
| 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% |
The profitability ratios of Kellanova have shown fluctuations over the past few quarters.
The gross profit margin has generally been improving, indicating that the company has been able to effectively manage its cost of goods sold and generate a higher percentage of revenue as gross profit. This could potentially suggest better pricing strategies or cost control measures.
The operating profit margin has also been relatively stable, with some minor variations. This suggests that the company is managing its operating expenses efficiently and is able to generate decent profits from its core business operations.
The pretax margin has shown some volatility, with fluctuations in profitability before accounting for taxes. This could be influenced by various factors such as changes in tax laws, non-operating income or expenses, or fluctuations in revenue and expenses.
The net profit margin, which represents the final amount of profit after all expenses, has shown some variability. The company has been able to maintain a positive net profit margin overall, indicating its ability to generate profit after all costs have been deducted. However, the fluctuations in this ratio suggest that the company may be facing challenges in managing its bottom line consistently.
Overall, the profitability ratios of Kellanova indicate a mix of positive trends and areas for improvement. It may be useful for the company to analyze the factors influencing these ratios in order to make informed decisions to enhance profitability in the future.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 9.63% | 9.45% | 9.13% | 8.36% | 8.84% | 8.57% | 9.02% | 9.66% | 9.64% | 9.82% | 9.73% | 9.82% | 9.79% | 9.17% | 8.56% | 8.11% | 7.98% | 7.81% | 8.03% | 8.54% |
| Return on assets (ROA) | 6.09% | 4.41% | 4.78% | 4.49% | 5.19% | 7.85% | 7.86% | 8.28% | 8.19% | 6.85% | 7.14% | 7.04% | 6.95% | 6.29% | 5.88% | 5.62% | 5.47% | 4.18% | 4.63% | 6.36% |
| Return on total capital | 18.21% | 18.46% | 18.27% | 15.88% | 17.66% | 16.32% | 17.22% | 18.43% | 17.55% | 16.02% | 15.88% | 17.00% | 17.86% | 15.86% | 15.02% | 14.54% | 13.28% | 12.40% | 13.22% | 14.42% |
| Return on equity (ROE) | 29.95% | 20.43% | 21.82% | 20.63% | 24.36% | 34.84% | 36.45% | 40.63% | 40.00% | 36.17% | 38.70% | 40.54% | 40.20% | 39.13% | 37.98% | 38.33% | 34.95% | 26.81% | 32.60% | 46.35% |
Kellanova's profitability ratios exhibit a fluctuating trend over the past five years. The operating return on assets (Operating ROA) has been relatively steady, averaging around 9% but showing a slight decline in the most recent periods. This ratio indicates the company's ability to generate earnings from its assets before interest and taxes.
The return on assets (ROA) demonstrates a more volatile pattern, ranging from 4% to 8%. This ratio reflects Kellanova's overall profitability in relation to its total assets, and the variability suggests fluctuations in the company's efficiency in generating profits.
The return on total capital has also shown some variation, averaging around 17%. This ratio indicates the overall return generated from both debt and equity capital employed in the business, highlighting the company's efficiency in providing returns to all capital providers.
Furthermore, the return on equity (ROE) has displayed a significant range, from 20% to 40%, indicating fluctuating levels of profitability available to Kellanova's equity shareholders. The upward and downward movements in ROE suggest changes in the company's ability to generate profits from shareholders' investments.
Overall, Kellanova's profitability ratios reflect a mixed performance, with some ratios showing stability while others exhibit variability. Further analysis of the company's financials and operations may be needed to understand the factors driving these fluctuations in profitability.