Seagate Technology PLC (STX)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 745,000 | 749,000 | 2,887,000 | 2,378,000 | 2,316,000 |
| Revenue | US$ in thousands | 6,190,000 | 7,384,000 | 11,661,000 | 10,681,000 | 10,509,000 |
| Gross profit margin | 12.04% | 10.14% | 24.76% | 22.26% | 22.04% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $745,000K ÷ $6,190,000K
= 12.04%
Analyzing Seagate Technology PLC's gross profit margin over the past five years reveals fluctuations in the company's ability to generate profit from its sales. The gross profit margin has shown variability, with a notable decline from 24.76% in 2022 to 10.14% in 2023, indicating a significant decrease in profitability during that period. However, there was a slight recovery in 2024, with the margin improving to 12.04%.
Overall, the trend in the gross profit margin suggests that Seagate Technology PLC has experienced challenges in maintaining consistent profitability in recent years. Further investigation into the underlying factors affecting the cost of goods sold and sales revenue would be necessary to fully understand the reasons behind these fluctuations and assess the company's operational efficiency and competitiveness within the industry.
Peer comparison
Jun 30, 2024