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GuruFocus has detected 4 Warning Signs with McCormick & Co Inc $MKC.
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McCormick & Co Inc (NYSE:MKC)
Pre-Tax Income
$593 Mil (TTM As of Feb. 2017)

Pretax income is the income that a company earns before paying income taxes. McCormick & Co Inc's pretax income for the three months ended in Feb. 2017 was $120 Mil. Its pretax income for the trailing twelve months (TTM) ended in Feb. 2017 was $593 Mil. McCormick & Co Inc's pretax margin was 11.48%.

During the past 13 years, McCormick & Co Inc's highest Pretax Margin was 13.87%. The lowest was 10.37%. And the median was 13.06%.


Definition

This is the income that a company earns before paying income taxes.

McCormick & Co Inc's Pretax Income for the fiscal year that ended in Nov. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=641+4.2+-56+0+0
=589

McCormick & Co Inc's Pretax Income for the quarter that ended in Feb. 2017 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=134.2+0.1+-14.5+0+1.42108547152E-14
=120

McCormick & Co Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Feb. 2017 was 112 (May. 2016 ) + 153.9 (Aug. 2016 ) + 207 (Nov. 2016 ) + 119.8 (Feb. 2017 ) = $593 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

McCormick & Co Inc's Pretax Margin for the quarter that ended in Feb. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=119.8/1043.7
=11.48%

During the past 13 years, McCormick & Co Inc's highest Pretax Margin was 13.87%. The lowest was 10.37%. And the median was 13.06%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

McCormick & Co Inc Annual Data

Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15Nov16
Pretax Income 302338417463491526499554496589

McCormick & Co Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
Pretax Income 1878191125199116112154207120
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