Kellanova (K)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 35.65% | 35.14% | 34.45% | 33.34% | 32.48% | 31.55% | 30.34% | 29.63% | 30.13% | 29.93% | 30.68% | 31.91% | 32.16% | 33.32% | 34.04% | 34.06% | 34.33% | 34.22% | 32.88% | 32.80% |
| Operating profit margin | 14.69% | 13.22% | 12.80% | 11.91% | 11.33% | 10.97% | 10.13% | 9.77% | 10.68% | 10.93% | 11.72% | 12.59% | 12.35% | 12.71% | 12.63% | 12.72% | 12.79% | 12.83% | 11.79% | 10.98% |
| Pretax margin | 12.97% | 9.46% | 8.28% | 7.51% | 6.87% | 5.81% | 6.26% | 6.37% | 7.82% | 12.74% | 13.09% | 14.15% | 13.86% | 11.78% | 12.13% | 11.74% | 11.63% | 11.60% | 11.07% | 10.34% |
| Net profit margin | 10.53% | 9.38% | 8.45% | 8.44% | 8.62% | 5.99% | 5.99% | 5.58% | 6.27% | 10.01% | 10.21% | 10.81% | 10.49% | 8.86% | 9.27% | 9.12% | 9.08% | 8.80% | 8.09% | 7.61% |
Kellanova's profitability ratios, as indicated by the key margins over the period, have shown mixed performance trends.
1. Gross Profit Margin: Kellanova's gross profit margin has fluctuated over the years but generally remained above 30%. The margin peaked at 35.65% as of December 31, 2024, indicating the company's ability to efficiently generate revenue after deducting the cost of goods sold.
2. Operating Profit Margin: The operating profit margin, reflecting operational efficiency, demonstrated variability. After dropping to 9.77% as of March 31, 2023, it gradually improved, reaching 14.69% as of December 31, 2024. This signifies a significant enhancement in the company's ability to control operating expenses and generate profits from core business activities.
3. Pretax Margin: Kellanova's pre-tax margin showcases the company's ability to manage its income before accounting for taxes. The margin showed volatility, with a significant decline to 5.81% as of September 30, 2023, followed by a recovery to 12.97% by December 31, 2024. This could suggest variations in the company's financial performance and tax management strategies during the period.
4. Net Profit Margin: The net profit margin, which represents the profitability after all expenses, including interest and taxes, depicted fluctuations. Notably, a sharp decline was observed to 5.58% as of March 31, 2023, followed by a recovery to 10.53% as of December 31, 2024. This trend indicates changes in Kellanova's ability to generate profits relative to its total revenue over the period.
In conclusion, Kellanova's profitability ratios have been subject to various fluctuations, showcasing both strengths and areas for improvement in managing costs, operational efficiency, and overall profitability.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 11.98% | 8.98% | 8.98% | 8.48% | 8.01% | 8.09% | 8.10% | 7.86% | 8.84% | 8.57% | 9.02% | 9.66% | 9.64% | 9.82% | 9.73% | 9.82% | 9.79% | 9.17% | 8.56% | 8.11% |
| Return on assets (ROA) | 8.59% | 6.38% | 5.93% | 6.01% | 6.09% | 4.42% | 4.79% | 4.49% | 5.19% | 7.84% | 7.86% | 8.28% | 8.19% | 6.85% | 7.14% | 7.04% | 6.95% | 6.29% | 5.88% | 5.62% |
| Return on total capital | 52.05% | 35.97% | 35.92% | 35.12% | 32.57% | 26.92% | 29.18% | 29.29% | 35.90% | 49.01% | 52.03% | 59.00% | 58.84% | 55.48% | 58.51% | 60.96% | 60.48% | 60.05% | 61.32% | 62.30% |
| Return on equity (ROE) | 35.58% | 27.53% | 27.43% | 29.19% | 29.95% | 20.46% | 21.87% | 20.63% | 24.36% | 34.81% | 36.45% | 40.63% | 40.00% | 36.17% | 38.70% | 40.54% | 40.20% | 39.13% | 37.98% | 38.33% |
Kellanova's profitability ratios show varied performance over the reported periods.
1. Operating Return on Assets (Operating ROA): This ratio indicates the company's ability to generate operating profits from its assets. Kellanova's Operating ROA fluctuated between 7.86% to 11.98% over the reported periods. The ratio reached its peak at December 31, 2024, at 11.98%.
2. Return on Assets (ROA): ROA reflects the overall profitability of the company relative to its total assets. Kellanova's ROA ranged from 4.42% to 8.59% during the periods analyzed. The ratio was highest on December 31, 2024, at 8.59%.
3. Return on Total Capital: This ratio assesses the efficiency of the company in generating returns from its total capital employed. Kellanova's Return on Total Capital decreased from 62.30% on March 31, 2020, to 52.05% on December 31, 2024, showing a declining trend.
4. Return on Equity (ROE): ROE measures the return generated on shareholders' equity. Kellanova's ROE varied between 20.46% to 40.63% over the reported periods. Notably, the ratio peaked at March 31, 2022, with an ROE of 40.63%.
Overall, Kellanova's profitability ratios depict fluctuations, with some periods showing strong performance, while others reflecting a decline. It is essential for the company to analyze the factors contributing to these fluctuations and take strategic actions to improve overall profitability.