Micron Technology Inc (MU)
Net profit margin
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 778,000 | -5,833,000 | 8,687,000 | 5,861,000 | 2,687,000 |
| Revenue | US$ in thousands | 25,170,000 | 15,206,000 | 30,527,000 | 27,545,000 | 21,284,000 |
| Net profit margin | 3.09% | -38.36% | 28.46% | 21.28% | 12.62% |
August 29, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $778,000K ÷ $25,170,000K
= 3.09%
The net profit margin of Micron Technology Inc has exhibited significant volatility over the past five years. In the most recent fiscal year ending on August 29, 2024, the net profit margin stood at 3.09%, indicating that the company generated a profit of approximately 3.09 cents for every dollar of revenue earned. This represents a positive trend compared to the previous year, where the company reported a net profit margin of -38.36%, implying that Micron incurred a significant loss relative to its revenue in the fiscal year ending on August 31, 2023.
Looking further back, in the fiscal year ending on Sep 1, 2022, Micron demonstrated a strong net profit margin of 28.46%, showcasing the company's ability to effectively convert revenue into profit. This positive trend is also evident in the fiscal year ending on Sep 2, 2021, where the net profit margin was 21.28%. Moreover, in the fiscal year ending on Sep 3, 2020, Micron reported a net profit margin of 12.62%, indicating consistent profitability.
Overall, the analysis of the net profit margin demonstrates fluctuations in Micron's profitability over the past five years, with recent improvements indicating a positive trend in the company's ability to generate profits relative to its revenue.
Peer comparison
Aug 29, 2024