Lancaster Colony Corporation (LANC)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 158,613 | 111,286 | 89,586 | 142,332 | 136,983 |
| Revenue | US$ in thousands | 1,871,720 | 1,822,640 | 1,676,360 | 1,466,850 | 1,334,000 |
| Net profit margin | 8.47% | 6.11% | 5.34% | 9.70% | 10.27% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $158,613K ÷ $1,871,720K
= 8.47%
The net profit margin of Lancaster Colony Corporation has fluctuated over the past five years, indicating changes in the company's profitability relative to its revenue.
In the most recent fiscal year ending June 30, 2024, the net profit margin improved to 8.47%, reflecting an increase in profitability compared to the prior year. This may have been driven by effective cost management, increased revenue, or a combination of both factors.
In the preceding year, the net profit margin was 6.11%, which was lower than the current year but still above the levels seen in fiscal years 2022 (5.34%) and 2021 (9.70%). The notable drop in the net profit margin in 2022 may indicate challenges or inefficiencies that impacted the company's profitability during that period.
The highest net profit margin in the provided data was recorded in fiscal year 2020 at 10.27%, suggesting strong profitability relative to revenue at that time.
Overall, the trend in the net profit margin of Lancaster Colony Corporation shows variability, with fluctuations in profitability levels over the years. Further analysis of the company's financial performance and underlying factors affecting profitability would be beneficial to gain a deeper understanding of its financial health and efficiency in generating profits.
Peer comparison
Jun 30, 2024