Micron Technology Inc (MU)

Operating profit margin

		Aug 29, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Jun 1, 2023	Mar 2, 2023	Dec 1, 2022	Sep 1, 2022	Jun 2, 2022	Mar 3, 2022	Dec 2, 2021	Sep 2, 2021	Jun 3, 2021	Mar 4, 2021	Dec 3, 2020	Sep 3, 2020	May 28, 2020	Feb 27, 2020	Nov 28, 2019
Operating income (ttm)	US$ in thousands	1,304,000	-1,690,000	-4,170,000	-6,664,000	-5,745,000	-2,752,000	2,013,000	6,862,000	9,702,000	11,136,000	9,931,000	8,048,000	6,283,000	4,485,000	3,574,000	3,351,000	3,003,000	2,496,000	2,618,000	4,135,000
Revenue (ttm)	US$ in thousands	25,154,000	20,871,000	22,897,000	20,821,000	20,261,000	22,995,000	22,873,000	26,991,000	30,516,000	32,144,000	30,916,000	29,379,000	27,545,000	25,310,000	23,319,000	21,874,000	21,286,000	20,140,000	19,514,000	20,570,000
Operating profit margin		5.18%	-8.10%	-18.21%	-32.01%	-28.35%	-11.97%	8.80%	25.42%	31.79%	34.64%	32.12%	27.39%	22.81%	17.72%	15.33%	15.32%	14.11%	12.39%	13.42%	20.10%

August 29, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,304,000K ÷ $25,154,000K
= 5.18%

The operating profit margin of Micron Technology Inc has exhibited fluctuations over the past few quarters. From August 29, 2024, to November 28, 2019, the trend shows varying levels of profitability. The margin improved significantly from a negative -32.01% in November 2023 to a positive 5.18% in August 2024. The company experienced a notable peak in operating profit margin at 34.64% in June 2, 2022, followed by a gradual decline in subsequent quarters. Despite the fluctuations, the operating profit margins generally remained positive, indicating the company's ability to generate profits from its core operations. Further analysis of the underlying factors driving these changes would be necessary to provide a more detailed assessment of the company's financial performance.