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MKC (McCormick) Scaled Net Operating Assets : 0.76 (As of Aug. 2024)


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What is McCormick Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

McCormick's operating assets for the quarter that ended in Aug. 2024 was $13,004 Mil. McCormick's operating liabilities for the quarter that ended in Aug. 2024 was $3,166 Mil. McCormick's Total Assets for the quarter that ended in May. 2024 was $12,988 Mil. Therefore, McCormick's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2024 was 0.76.


McCormick Scaled Net Operating Assets Historical Data

The historical data trend for McCormick's Scaled Net Operating Assets 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.

* Premium members only.

McCormick Scaled Net Operating Assets Chart

McCormick Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.82 0.78 0.75 0.72

McCormick Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.75 0.73 0.74 0.75 0.76

Competitive Comparison of McCormick's Scaled Net Operating Assets

For the Packaged Foods subindustry, McCormick's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where McCormick's Scaled Net Operating Assets falls into.



McCormick Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

McCormick's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Nov. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Nov. 2023 )
=(Operating Assets (A: Nov. 2023 )-Operating Liabilities (A: Nov. 2023 ))/Total Assets (A: Nov. 2022 )
=(12695.7-3187.5)/13124.9
=0.72

where

Operating Assets(A: Nov. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=12862.3 - 166.6
=12695.7

Operating Liabilities(A: Nov. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7778.8 - 3519.8 - 1071.5
=3187.5

McCormick's Scaled Net Operating Assets (SNOA) for the quarter that ended in Aug. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Aug. 2024 )
=(Operating Assets (Q: Aug. 2024 )-Operating Liabilities (Q: Aug. 2024 ))/Total Assets (Q: May. 2024 )
=(13004.1-3165.9)/12987.6
=0.76

where

Operating Assets(Q: Aug. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=13204.9 - 200.8
=13004.1

Operating Liabilities(Q: Aug. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7753.9 - 3343.1 - 1244.9
=3165.9

* 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.


McCormick Scaled Net Operating Assets Related Terms

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McCormick Business Description

Address
24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031
In its 135-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond 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 extensive, 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 Cholula, among others.
Executives
Jacques Tapiero director MCCORMICK & COMPANY, INC., SPARKS MD 21152
Michael D Mangan director 2041 ISLA VISTA LANE, NAPLES FL 34105
Maritza Gomez Montiel director C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Lawrence Erik Kurzius director, officer: Chairman, President & CEO 18 LOVETON CIRCLE, SPARKS MD 21152
Katherine Jenkins officer: C.S.O. & SVP Investor Relation 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Patricia A Little director 999 W BIG BEAVER ROAD, TROY MI 48084
Jeffery D Schwartz officer: Vice President, Gen Counsel 18 LOVETON CIRCLE, SPARKS MD 21152
Andrew Foust officer: President, Americas 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Ana Sanchez officer: President EMEA 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Sarah Piper officer: Chief Human Relations Officer 24 SCHILLING ROAD, SUITE 1, HUNT VALLEY MD 21031
Brendan M Foley officer: President Global Consumer 18 LOVETON CIRCLE, SPARKS MD 21152
Preston Margaret M V director MERCANTILE-SAFE DEPOSIT & TRUST CO, 2 HOPKINS PLZ, BALTIMORE MD 21201
Michael R Smith officer: Executive VP & CFO 18 LOVETON CIRCLE, SPARKS MD 21152
Malcolm Swift officer: President Global Industrial & 18 LOVETON CIRCLE, SPARKS MD 21152
Lisa Manzone officer: Sr. VP Global Human Relations 18 LOVETON CIRCLE, SPARKS MD 21152