Micron Technology Inc (MU)
Operating profit margin
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,304,000 | -5,745,000 | 9,702,000 | 6,283,000 | 3,003,000 |
| Revenue | US$ in thousands | 25,170,000 | 15,206,000 | 30,527,000 | 27,545,000 | 21,284,000 |
| Operating profit margin | 5.18% | -37.78% | 31.78% | 22.81% | 14.11% |
August 29, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,304,000K ÷ $25,170,000K
= 5.18%
The operating profit margin of Micron Technology Inc has fluctuated over the past five years, ranging from as low as -37.78% in 2023 to as high as 31.78% in 2022. In the most recent period, as of August 29, 2024, the operating profit margin improved to 5.18%. This indicates that the company generated 5.18 cents of operating profit for every dollar of sales during that period.
The negative operating profit margin in 2023 reflects that the company's operating expenses exceeded its operating income during that year. However, the significant improvement in 2022 suggests a more efficient cost management and increased profitability.
Overall, the trend in the operating profit margin of Micron Technology Inc shows variability, and investors and stakeholders may want to monitor future financial performance to assess the company's operational efficiency and profitability.
Peer comparison
Aug 29, 2024