JM Smucker Company (SJM)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 996,400 | 4,700 | 84,600 | 88,100 | -9,200 | 929,600 | 763,800 | 779,700 | 843,800 | 776,900 | 1,028,800 | 1,063,500 | 1,171,900 | 1,277,000 | 1,158,000 | 1,133,600 | 1,026,700 | 830,200 | 744,900 | 735,200 |
| 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 |
| Pretax margin | 12.19% | 0.06% | 1.03% | 1.04% | -0.11% | 11.13% | 9.32% | 9.67% | 10.46% | 9.77% | 12.87% | 13.33% | 14.48% | 15.51% | 14.32% | 14.19% | 13.25% | 10.99% | 9.90% | 9.75% |
April 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $996,400K ÷ $8,176,400K
= 12.19%
The pretax margin of JM Smucker Company has exhibited fluctuations over the past quarters, ranging from negative values to double-digit percentages. The pretax margin represents the percentage of revenue that the company retains as pretax profit after accounting for all expenses, providing insight into its operational efficiency and profitability before tax implications.
In the most recent period ending April 30, 2024, JM Smucker Company reported a pretax margin of 12.19%, reflecting a healthy level of profitability relative to its revenue. This was a significant improvement compared to the previous quarter where the pretax margin was just 0.06%, indicating a sharp increase in profitability within a short period.
Looking back at historical data, the company experienced a peak pretax margin of 15.51% in January 2021, followed by a gradual decline to the current level. The variability in pretax margins over time could be influenced by various factors such as changes in revenue, cost management strategies, economic conditions, or one-time events affecting profitability.
Overall, analyzing the pretax margin trend of JM Smucker Company provides valuable insights into its ability to generate profits efficiently before tax obligations. It is essential for investors and stakeholders to monitor these fluctuations and understand the underlying reasons to assess the company's financial health and performance accurately.