Micron Technology Inc (MU)
Profitability ratios
Return on sales
| Aug 31, 2024 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Aug 31, 2022 | |
|---|---|---|---|---|---|
| Gross profit margin | 22.35% | 22.30% | -9.11% | 45.53% | 45.18% |
| Operating profit margin | 5.19% | 5.18% | -36.97% | 31.78% | 31.54% |
| Pretax margin | 4.94% | 4.88% | -36.41% | 31.37% | 31.12% |
| Net profit margin | 3.10% | 3.09% | -37.54% | 28.46% | 28.24% |
Micron Technology Inc's profitability ratios show fluctuations over the analyzed period. The gross profit margin remained relatively stable, ranging between 45.18% and 45.53% in 2022, but experienced a significant decline to -9.11% in 2023, before recovering to 22.30% and 22.35% in 2024.
Similarly, the operating profit margin followed a trend of stability between 31.54% and 31.78% in 2022, but plummeted to -36.97% in 2023. The margin improved slightly to 5.18% and 5.19% in 2024.
The pretax margin also mirrored the trend of decline in 2023, dropping to -36.41%, before rebounding to 4.88% and 4.94% in 2024.
Lastly, the net profit margin showed a significant decrease in 2023, reaching -37.54%, before recovering to 3.09% and 3.10% in 2024.
The downward trend in profitability margins in 2023 may indicate challenges or issues impacting Micron Technology's financial performance. However, the subsequent recovery in 2024 suggests efforts to address these challenges and improve profitability. Monitoring these ratios will be crucial for assessing the company's ability to generate profits and sustain financial health.
Return on investment
| Aug 31, 2024 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Aug 31, 2022 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 1.88% | 1.88% | -8.94% | 14.64% | 14.64% |
| Return on assets (ROA) | 1.12% | 1.12% | -9.08% | 13.11% | 13.11% |
| Return on total capital | 3.99% | 2.89% | -11.94% | 19.56% | 19.56% |
| Return on equity (ROE) | 1.72% | 1.72% | -13.22% | 17.41% | 17.41% |
Based on the provided data, the profitability ratios of Micron Technology Inc have shown some fluctuations over the years.
1. Operating return on assets (Operating ROA) has been relatively stable at around 14.64% from August 31, 2022, to September 1, 2022. However, it experienced a significant decline to -8.94% on August 31, 2023, before recovering to 1.88% by August 31, 2024.
2. Return on assets (ROA) followed a similar trend with consistent performance at 13.11% in 2022, but dropped to -9.08% on August 31, 2023, before recovering slightly to 1.12% by August 31, 2024.
3. Return on total capital peaked at 19.56% on August 31, 2022, and remained stable until it sharply decreased to -11.94% on August 31, 2023. It then gradually improved to 3.99% by August 31, 2024.
4. Return on equity (ROE) mirrored the trends of the other ratios with a steady performance at 17.41% until it plummeted to -13.22% on August 31, 2023. It recovered slightly to 1.72% by August 31, 2024.
Overall, the profitability ratios of Micron Technology Inc demonstrate fluctuations over the years, indicating changing levels of efficiency in generating profits relative to assets, capital, and equity. Investors and analysts may want to further investigate the factors contributing to these fluctuations to assess the company's financial health and performance.