McCormick & Company Incorporated (MKC)
Profitability ratios
Return on sales
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 37.90% | 37.56% | 36.72% | 36.36% | 35.61% | 35.82% | 36.85% | 37.64% | 38.96% | 39.48% | 39.91% | 40.54% | 41.02% | 41.07% | 41.06% | 40.89% | 40.32% | 40.12% | 39.78% | 39.53% |
| Operating profit margin | 14.89% | 14.45% | 14.08% | 14.12% | 13.38% | 13.60% | 13.71% | 14.28% | 15.50% | 16.07% | 16.50% | 16.95% | 17.74% | 17.84% | 18.52% | 18.51% | 17.92% | 17.91% | 17.82% | 17.42% |
| Pretax margin | 13.39% | 12.84% | 12.38% | 13.61% | 13.06% | 13.39% | 13.57% | 13.06% | 14.42% | 15.00% | 15.48% | 15.94% | 16.49% | 16.47% | 17.07% | 16.94% | 16.23% | 16.08% | 15.95% | 15.41% |
| Net profit margin | 10.56% | 10.22% | 9.80% | 10.74% | 10.42% | 10.74% | 10.86% | 10.78% | 11.77% | 11.95% | 12.34% | 12.48% | 13.02% | 13.34% | 13.75% | 13.74% | 13.13% | 13.14% | 13.19% | 12.88% |
McCormick & Company Incorporated has shown stability and consistency in its profitability ratios over the analyzed period. The gross profit margin has generally been above 35%, indicating efficient cost management and pricing strategies. The operating profit margin has also been steady, averaging around 14-15%, demonstrating effective operational efficiency.
The pretax margin has shown slight fluctuations but remains around 13-14%, suggesting consistent performance in generating profits before considering taxes. The net profit margin has been relatively stable, averaging around 10-11%, indicating the company's ability to generate profits after all expenses, including taxes.
Overall, McCormick & Company has maintained healthy profitability ratios, reflecting good financial health and efficient management of the business operations.
Return on investment
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.74% | 7.49% | 7.16% | 7.13% | 6.48% | 6.58% | 6.77% | 6.99% | 7.62% | 7.87% | 7.87% | 7.97% | 8.21% | 8.27% | 9.43% | 9.50% | 9.10% | 9.24% | 9.16% | 9.05% |
| Return on assets (ROA) | 5.49% | 5.29% | 4.98% | 5.42% | 5.04% | 5.20% | 5.36% | 5.27% | 5.78% | 5.85% | 5.89% | 5.87% | 6.03% | 6.18% | 7.00% | 7.05% | 6.67% | 6.78% | 6.78% | 6.69% |
| Return on total capital | 12.91% | 12.66% | 12.06% | 11.84% | 11.80% | 12.01% | 11.82% | 11.29% | 12.30% | 12.94% | 12.99% | 12.10% | 12.40% | 13.77% | 14.15% | 13.77% | 14.22% | 14.50% | 13.96% | 13.52% |
| Return on equity (ROE) | 13.52% | 13.45% | 12.81% | 14.17% | 13.68% | 14.57% | 15.12% | 14.86% | 16.28% | 17.12% | 17.29% | 17.39% | 18.42% | 19.04% | 19.33% | 20.44% | 19.64% | 20.40% | 20.28% | 20.32% |
- Operating return on assets (Operating ROA): McCormick & Company's Operating ROA has shown a consistent improvement over the past few quarters, ranging from 6.48% to 7.74%. This indicates that the company is generating operating profits efficiently from its assets, with the latest figure being 7.74%.
- Return on assets (ROA): McCormick & Company's ROA has also shown a generally positive trend, varying between 4.98% and 5.49%. The latest ROA stands at 5.49%, demonstrating the company's ability to generate profits from its total assets.
- Return on total capital: The return on total capital for McCormick & Company has fluctuated between 11.29% and 14.50% over the analyzed period. This ratio reflects the company's overall ability to generate returns for both equity and debt holders. The latest return on total capital is 12.91%.
- Return on equity (ROE): McCormick & Company's ROE has exhibited a strong performance, ranging from 12.81% to 20.44% over the period in review. This indicates how effectively the company is utilizing shareholders' equity to generate profits. The latest ROE is 13.52%.
Overall, McCormick & Company's profitability ratios demonstrate a sound financial performance, with consistent improvements in operating efficiency and returns for both shareholders and capital providers.