JM Smucker Company (SJM)
Net profit margin
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 744,000 | -91,300 | 631,700 | 876,300 | 779,500 |
| Revenue | US$ in thousands | 8,176,400 | 8,522,300 | 8,066,900 | 8,091,800 | 7,763,000 |
| Net profit margin | 9.10% | -1.07% | 7.83% | 10.83% | 10.04% |
April 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $744,000K ÷ $8,176,400K
= 9.10%
JM Smucker Company's net profit margin has shown fluctuations over the past five years. In April 2020 and April 2021, the company demonstrated strong profitability with net profit margins of 10.04% and 10.83%, respectively. However, there was a significant decline in profitability in April 2023, when the net profit margin was -1.07%, indicating that the company incurred a loss during that period.
In the most recent fiscal year ending in April 2024, the net profit margin improved to 9.10%, showcasing a recovery in profitability compared to the previous year. Overall, the company has demonstrated the ability to generate profits, with periods of both strong performance and challenges impacting its net profit margins. Monitoring the trend in net profit margin can provide insights into JM Smucker Company's financial health and operational efficiency.