JM Smucker Company (SJM)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,305,800 | 266,300 | 286,800 | 281,300 | 157,500 | 1,093,000 | 925,700 | 944,100 | 1,023,800 | 960,500 | 1,216,100 | 1,285,100 | 1,386,800 | 1,494,800 | 1,377,600 | 1,326,600 | 1,223,100 | 1,030,000 | 958,600 | 959,300 |
| 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 |
| Operating profit margin | 15.97% | 3.25% | 3.49% | 3.32% | 1.85% | 13.09% | 11.30% | 11.71% | 12.69% | 12.08% | 15.22% | 16.11% | 17.14% | 18.15% | 17.03% | 16.61% | 15.79% | 13.63% | 12.74% | 12.72% |
April 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,305,800K ÷ $8,176,400K
= 15.97%
JM Smucker Company's operating profit margin has shown fluctuations over the analyzed periods. There is a clear downward trend from the highest of 18.15% in January 2021 to the lowest of 1.85% in April 2023, before gradually recovering to 15.97% in April 2024. This indicates varying levels of operational efficiency and cost management within the company.
The company experienced relatively higher operating profit margins in the periods from July 2021 to October 2021, with margins above 15%. However, there was a significant drop in operating profit margin in the subsequent periods until January 2023, where it hit a low point of 1.85%.
Subsequently, there was a notable recovery in operating profit margin from January 2023 to April 2024, wherein the margin improved consistently, reaching 15.97% in the latest period. This recovery suggests potential efforts by the company to enhance operational effectiveness and control costs.
Overall, the analysis of JM Smucker Company's operating profit margin indicates a mixture of challenges and improvements in operational performance over the examined periods, showcasing the company's ability to adapt to changing business conditions.