JM Smucker Company (SJM)
Pretax margin
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 996,400 | -9,200 | 843,800 | 1,171,900 | 1,026,700 |
| Revenue | US$ in thousands | 8,176,400 | 8,522,300 | 8,066,900 | 8,091,800 | 7,763,000 |
| Pretax margin | 12.19% | -0.11% | 10.46% | 14.48% | 13.23% |
April 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $996,400K ÷ $8,176,400K
= 12.19%
The pretax margin of JM Smucker Company has shown fluctuations over the past five years. In the most recent fiscal year, ending on April 30, 2024, the pretax margin stood at 12.19%, indicating that the company generated 12.19 cents in pre-tax profit for every dollar of revenue.
Compared to the prior year's negative pretax margin of -0.11%, the company has shown a significant improvement in profitability. However, the pretax margin in 2024 is lower than the levels seen in 2021 (14.48%) and 2020 (13.23%), indicating a slight decline in profitability efficiency.
The variations in JM Smucker's pretax margin suggest that the company's profitability performance has not been consistently trending upwards year over year. It would be important for stakeholders to further investigate the factors influencing these fluctuations in profitability to make informed decisions about the company's financial health and future prospects.