JM Smucker Company (SJM)
Operating profit margin
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,305,800 | 157,500 | 1,023,800 | 1,386,800 | 1,223,100 |
| Revenue | US$ in thousands | 8,176,400 | 8,522,300 | 8,066,900 | 8,091,800 | 7,763,000 |
| Operating profit margin | 15.97% | 1.85% | 12.69% | 17.14% | 15.76% |
April 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,305,800K ÷ $8,176,400K
= 15.97%
JM Smucker Company's operating profit margin has been relatively volatile over the past five years. In Apr 30, 2024, the operating profit margin saw a significant increase to 15.97%, a sharp improvement compared to the previous year's low of 1.85%. This improvement may indicate enhanced operational efficiency and cost management strategies implemented by the company.
However, it is worth noting that the operating profit margin in 2024 is still lower than the levels seen in 2021 and 2020, which were 17.14% and 15.76%, respectively. This suggests that JM Smucker Company is not yet back to its peak profitability levels achieved in the recent past.
Overall, while the recent increase in operating profit margin is a positive indication for the company, further monitoring is recommended to assess the sustainability of this improvement and to ensure that the company maintains a strong operational performance in the future.