JM Smucker Company (SJM)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 38.10% | 36.50% | 35.63% | 34.29% | 32.88% | 32.04% | 31.78% | 32.42% | 33.48% | 34.84% | 36.24% | 37.64% | 38.79% | 38.75% | 38.85% | 38.53% | 38.76% | 38.46% | 38.80% | 38.94% |
| 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% |
| 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% |
| 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% |
Over the past few quarters, JM Smucker Company has shown a trend of consistent improvement in its profitability ratios. The gross profit margin has been gradually increasing, indicating the company's ability to efficiently generate profits from its sales. This trend suggests effective cost management and pricing strategies.
The operating profit margin has shown some fluctuations, with a sharp increase in the Apr 30, 2024, quarter, possibly due to improved operational efficiencies or cost control measures. Overall, the company has maintained a positive operating profit margin, reflecting its ability to generate profits from its core business activities.
The pretax margin has also shown variability, but there is an overall increasing trend, suggesting that the company has been able to manage its pre-tax expenses more effectively over time. This improvement indicates potential operational efficiencies or better financial management practices.
The net profit margin has demonstrated consistent improvement over the quarters, with the latest figure showing a significant positive net profit margin. This reflects the company's ability to effectively control costs and generate profits after accounting for all expenses, including taxes. It indicates that JM Smucker Company is operating efficiently and translating its revenue into bottom-line profits effectively.
In summary, JM Smucker Company's profitability ratios have shown positive trends, with improvements in gross profit margin, operating profit margin, pretax margin, and net profit margin over the quarters analyzed. These trends suggest that the company is managing its operations effectively and efficiently, which bodes well for its financial performance and overall sustainability.
Return on investment
| 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 return on assets (Operating ROA) | 6.44% | 1.32% | 1.58% | 1.91% | 1.05% | 6.82% | 5.71% | 5.80% | 6.38% | 6.02% | 7.49% | 7.93% | 8.52% | 9.10% | 8.14% | 7.85% | 7.21% | 6.19% | 5.71% | 5.71% |
| Return on assets (ROA) | 3.67% | -0.50% | -0.08% | -0.12% | -0.61% | 4.44% | 3.53% | 3.61% | 3.93% | 3.61% | 4.73% | 4.89% | 5.38% | 5.82% | 5.21% | 5.10% | 4.59% | 3.76% | 3.33% | 3.19% |
| Return on total capital | 9.03% | 1.70% | 1.93% | 2.49% | 1.36% | 8.64% | 7.39% | 7.58% | 8.22% | 7.64% | 9.66% | 11.00% | 11.91% | 12.33% | 11.08% | 10.19% | 9.02% | 8.08% | 7.56% | 7.56% |
| Return on equity (ROE) | 9.67% | -1.35% | -0.19% | -0.25% | -1.25% | 8.54% | 6.97% | 7.21% | 7.76% | 6.97% | 9.27% | 9.71% | 10.79% | 11.64% | 10.35% | 10.33% | 9.52% | 7.65% | 6.90% | 6.69% |
The profitability ratios of JM Smucker Company show varying performance over the past few quarters.
1. Operating return on assets (Operating ROA) has fluctuated, with a peak of 8.52% in April 2021 and a low of 1.05% in April 2023. The latest figure of 6.44% in April 2024 indicates an improvement in operational efficiency.
2. Return on assets (ROA) has also been inconsistent, with negative values in some periods. The highest ROA of 5.82% was recorded in January 2021, while the lowest was -0.61% in April 2023. The latest ROA of 3.67% in April 2024 shows a positive return on overall assets.
3. Return on total capital has followed a similar pattern, peaking at 12.33% in January 2024 and dropping to 1.36% in July 2022. The latest value of 9.03% in April 2024 suggests a reasonable return on the company's total invested capital.
4. Return on equity (ROE) has also shown variability, with a high of 11.64% in January 2024 and a low of -1.35% in January 2022. The ROE of 9.67% in April 2024 indicates an improvement in generating profits for shareholders.
Overall, JM Smucker Company's profitability ratios reflect a mix of positive and negative trends, with recent increases in operating return on assets and return on equity suggesting improved operational and shareholder value creation. Continuing to monitor and optimize these ratios will be important for sustaining profitability in the long term.