Lumentum Holdings Inc (LITE)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 251,500 | 569,000 | 788,600 | 783,100 | 650,200 |
| Revenue | US$ in thousands | 2,717,800 | 1,732,500 | 1,644,500 | 1,674,700 | 1,603,300 |
| Gross profit margin | 9.25% | 32.84% | 47.95% | 46.76% | 40.55% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $251,500K ÷ $2,717,800K
= 9.25%
The gross profit margin of Lumentum Holdings Inc has shown a downward trend over the past five years, starting at 40.55% in June 2020 and decreasing to 9.25% in June 2024. This indicates a significant decline in the company's ability to generate profits from sales after accounting for the cost of goods sold. The decrease in gross profit margin may suggest challenges in managing production costs, pricing strategies, or competitive pressures impacting the profitability of the company's products. Further analysis and attention to underlying factors contributing to the decline in gross profit margin are warranted to address and potentially reverse this trend.
Peer comparison
Jun 30, 2024