JM Smucker Company (SJM)
Net profit margin
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 744,000 | -101,800 | -13,700 | -17,500 | -91,300 | 711,500 | 572,700 | 587,600 | 631,700 | 576,600 | 768,400 | 793,200 | 876,300 | 955,600 | 881,500 | 861,900 | 779,500 | 624,700 | 558,700 | 536,000 |
| Revenue (ttm) | US$ in thousands | 8,176,400 | 8,203,900 | 8,216,100 | 8,468,800 | 8,522,300 | 8,352,500 | 8,192,500 | 8,062,500 | 8,066,900 | 7,949,900 | 7,991,000 | 7,978,100 | 8,091,800 | 8,235,300 | 8,087,600 | 7,987,200 | 7,746,000 | 7,556,100 | 7,525,500 | 7,543,400 |
| Net profit margin | 9.10% | -1.24% | -0.17% | -0.21% | -1.07% | 8.52% | 6.99% | 7.29% | 7.83% | 7.25% | 9.62% | 9.94% | 10.83% | 11.60% | 10.90% | 10.79% | 10.06% | 8.27% | 7.42% | 7.11% |
April 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $744,000K ÷ $8,176,400K
= 9.10%
The net profit margin of JM Smucker Company has shown some variability over the past few quarters, ranging from negative figures to double-digit percentages. The company's net profit margin was positive in most quarters, with a high of 11.6% in January 2021 and a low of -1.24% in January 2024.
Overall, the trend appears to be somewhat cyclical, with occasional dips into negative territory, although the company has generally maintained a healthy profit margin above 7% in recent years. It is important to further analyze the reasons behind the fluctuations in net profit margin to understand the underlying performance drivers of JM Smucker Company.