Micron Technology Inc (MU)
Gross profit margin
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,613,000 | -1,416,000 | 13,898,000 | 10,423,000 | 6,552,000 |
| Revenue | US$ in thousands | 25,170,000 | 15,206,000 | 30,527,000 | 27,545,000 | 21,284,000 |
| Gross profit margin | 22.30% | -9.31% | 45.53% | 37.84% | 30.78% |
August 29, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,613,000K ÷ $25,170,000K
= 22.30%
The gross profit margin of Micron Technology Inc has shown fluctuating trends over the past five years. In the most recent fiscal year ending on August 29, 2024, the gross profit margin improved significantly to 22.30% compared to the previous year where it was negative at -9.31%. This positive change indicates that the company was able to generate more revenue after accounting for the cost of goods sold in the most recent period.
Looking back further, the gross profit margin was relatively high in the fiscal year ending on Sep 1, 2022, at 45.53%, indicating strong profitability and efficiency in managing production costs. However, there was a slight dip in the margin in the preceding year ending on Sep 2, 2021, where it stood at 37.84%.
In the fiscal year ending on Sep 3, 2020, Micron Technology Inc had a gross profit margin of 30.78%, showing a steady improvement compared to the previous year, reflecting the company's ability to effectively control its production costs and improve profitability.
Overall, the gross profit margin of Micron Technology Inc has displayed variability over the past five years, with positive trends in recent years indicating improved efficiency and potentially stronger financial performance.
Peer comparison
Aug 29, 2024