McCormick & Company Incorporated

NYSE MKC-V

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McCormick & Company Incorporated Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending February 29, 2024: 1.41

McCormick & Company Incorporated Accounts Payable Turnover Ratio is 1.41 for the Trailing 12 Months (TTM) ending February 29, 2024, a -0.43% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues.

McCormick & Company Incorporated Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending February 28, 2023 was 1.42.

NYSE: MKC-V

McCormick & Company Incorporated

CEO	-
IPO Date	Oct. 7, 2003
Location	United States
Headquarters	24 Schilling Road, Hunt Valley, MD, United States, 21031
Employees	13,800
Sector	Consumer Defensive
Industry	Packaged foods

Description

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in the Asia/Pacific; McCormick, Aeroplane, and Gourmet Garden brands in China; and the McCormick brand and other brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

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