Micron Technology Inc (MU)
Operating profit margin
| Aug 31, 2024 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,304,000 | 1,304,000 | -5,745,000 | 9,702,000 | 9,702,000 |
| Revenue | US$ in thousands | 25,111,000 | 25,170,000 | 15,540,000 | 30,527,000 | 30,758,000 |
| Operating profit margin | 5.19% | 5.18% | -36.97% | 31.78% | 31.54% |
August 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,304,000K ÷ $25,111,000K
= 5.19%
To analyze Micron Technology Inc's operating profit margin over the given period, we observe significant fluctuations. In August 2022, the operating profit margin stood at 31.54%, showing strong profitability in the business operations. The margin slightly improved to 31.78% by September 2022.
However, there was a notable downturn in August 2023, with the operating profit margin recording a negative value of -36.97%, indicating operational losses during that period. It is essential to investigate the factors leading to this substantial decline.
The following year, in August 2024, Micron Technology Inc managed to reverse the negative trend, achieving a modest operating profit margin of 5.18%, which was maintained at a similar level of 5.19% by the end of August 2024.
Overall, while the company experienced fluctuations in its operating profit margin, it showcased resilience by recovering from a negative margin to a positive one within a year. Detailed analysis of the financial performance and strategic decisions during these periods can provide insights into the company's operational efficiency and profitability.
Peer comparison
Aug 31, 2024