McCormick & Company Incorporated (MKC)
Operating profit margin
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 963,000 | 863,600 | 1,015,100 | 999,500 | 957,700 |
| Revenue | US$ in thousands | 6,662,200 | 6,350,500 | 6,317,900 | 5,601,300 | 5,347,400 |
| Operating profit margin | 14.45% | 13.60% | 16.07% | 17.84% | 17.91% |
November 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $963,000K ÷ $6,662,200K
= 14.45%
The operating profit margin of McCormick & Co., Inc. has shown some fluctuation over the past five years. In 2019 and 2020, the operating profit margin was relatively stable at 18.30% and 18.19%, respectively. However, there was a noticeable decrease to 17.26% in 2021, followed by a slight increase to 14.45% in 2022, and then another increase to 15.37% in 2023.
This trend suggests that the company's ability to generate profits from its core operations has experienced some variability. It may be beneficial for stakeholders to further investigate the factors contributing to these fluctuations in order to understand the company's operational performance and potential strategies for improvement.