What does industrial — goodwill translation adjustments mean?

Changes in the value of Industrial segment goodwill caused by fluctuations in foreign exchange rates.

How do you interpret industrial — goodwill translation adjustments?

This is an accounting adjustment rather than an operational signal, but it indicates the degree of the segment's international exposure and currency risk.

How does industrial — goodwill translation adjustments compare across companies?

Comparable to foreign currency translation adjustments on intangible assets reported by multinational corporations.

McCormick & Company, Incorporated MKC Industrial — Goodwill Translation Adjustments

Discontinued — last reported Q1 '16

Similar metrics at other companies

SWKIndustrial — Goodwill Translation Adjustments

-$43.2M-2,033%

GGGIndustrial — Goodwill Translation Adjustments

$1.59M+452%

WWDIndustrial — Goodwill Translation Adjustments

-$1.19M—

TXTIndustrial — Goodwill Translation Adjustments

-$3.5M+17.6%

GPCIndustrial — Goodwill Adjustments

$144.25K+134%

ITTIndustrial Process — Goodwill Translation Adjustments

$5.6M+216%

Other financials

Income statement

See full

Revenue$1.9B+16.7%

Gross profit$708.9M+17.4%

Operating income$227.5M+1.0%

Net income$1.0B+526%

EPS (diluted)$3.77+528%

Balance sheet

See full

Cash & equivalents$177.7M+72.9%

Total debt$4.9B+38.3%

Total equity$7.0B+28.7%

Total assets$16.3B+26.7%

Cash flow

See full

Operating cash flow$50.9M-55.9%

CapEx$32.5M-12.4%

Free cash flow$18.4M-76.5%

Valuation

See full

Market cap$12.54B-13.9%

Enterprise value$17.28B-7.0%

P/E7.6×-10.9×

P/S1.8×-0.4×

Profitability

See full

Gross margin37.9%-0.6pp

Operating margin15.1%-0.5pp

Net margin23.1%+11.4pp

FCF margin9.6%0.0pp

Returns & leverage

See full

Return on equity26.5%+11.8pp

Debt / equity0.7×0.0×

Current ratio0.8×+0.1×

Where this comes from

Reported directly by McCormick & Company, Incorporated in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAdjustments.

The official record: McCormick & Company, Incorporated’s 10-Q, filed March 29, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does industrial — goodwill translation adjustments mean?: Changes in the value of Industrial segment goodwill caused by fluctuations in foreign exchange rates.
How do you interpret industrial — goodwill translation adjustments?: This is an accounting adjustment rather than an operational signal, but it indicates the degree of the segment's international exposure and currency risk.
How does industrial — goodwill translation adjustments compare across companies?: Comparable to foreign currency translation adjustments on intangible assets reported by multinational corporations.