McCormick (BSP:M1KC34) Gross-Profit-to-Asset % : 18.74% (As of Feb. 2024)

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What is McCormick Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. McCormick's annualized Gross Profit for the quarter that ended in Feb. 2024 was R$11,892 Mil. McCormick's average Total Assets over the quarter that ended in Feb. 2024 was R$63,473 Mil. Therefore, McCormick's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 was 18.74%.

McCormick Gross-Profit-to-Asset % Historical Data

The historical data trend for McCormick's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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McCormick Gross-Profit-to-Asset % Chart

McCormick Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Gross-Profit-to-Asset %

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21.77

23.01

20.17

17.00

18.55

McCormick Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															16.96	18.48	19.08	21.69	18.74

Competitive Comparison of McCormick's Gross-Profit-to-Asset %

For the Packaged Foods subindustry, McCormick's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

McCormick's Gross-Profit-to-Asset % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where McCormick's Gross-Profit-to-Asset % falls into.

McCormick Gross-Profit-to-Asset % Calculation

McCormick's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Nov. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Nov. 2023 )	/	( (Total Assets (A: Nov. 2022 )	+	Total Assets (A: Nov. 2023 ))	/ count )
	=	12257.245	/	( (69141.973	+	62999.545)	/ 2 )
	=	12257.245	/	66070.759
	=	18.55 %

McCormick's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	11892.268	/	( (62999.545	+	63946.497)	/ 2 )
	=	11892.268	/	63473.021
	=	18.74 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Feb. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

McCormick Gross-Profit-to-Asset % Related Terms

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McCormick (BSP:M1KC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » McCormick & Co Inc (BSP:M1KC34) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

MKC.V:USA MKC:USA MCX:Germany MKC:Austria

Address

24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031

Website

https://www.mccormickcorporation.com

In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and the Cholula brand.

McCormick (BSP:M1KC34) Headlines

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