Seagate Technology PLC (STX)
Gross profit margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 779,000 | 568,000 | 439,000 | 405,000 | 749,000 | 1,311,000 | 1,815,000 | 2,398,000 | 2,888,000 | 2,988,000 | 2,941,000 | 2,713,000 | 2,378,000 | 2,159,000 | 2,182,000 | 2,250,000 | 2,299,000 | 2,369,000 | 2,196,000 | 2,199,000 |
| Revenue (ttm) | US$ in thousands | 6,190,000 | 6,009,000 | 6,218,000 | 6,761,000 | 7,384,000 | 8,572,000 | 9,529,000 | 10,569,000 | 11,661,000 | 12,023,000 | 11,956,000 | 11,473,000 | 10,681,000 | 10,176,000 | 10,173,000 | 10,250,000 | 10,509,000 | 10,379,000 | 9,968,000 | 9,979,000 |
| Gross profit margin | 12.58% | 9.45% | 7.06% | 5.99% | 10.14% | 15.29% | 19.05% | 22.69% | 24.77% | 24.85% | 24.60% | 23.65% | 22.26% | 21.22% | 21.45% | 21.95% | 21.88% | 22.82% | 22.03% | 22.04% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $779,000K ÷ $6,190,000K
= 12.58%
Seagate Technology PLC's gross profit margin has exhibited fluctuations over the past few quarters. The trend shows a general decline from the high of 24.85% in March 2022 to the low of 5.99% in September 2023, followed by some recovery to 12.58% in June 2024. This indicates some volatility in the company's ability to generate profits from its core operations.
The gross profit margin represents the percentage of revenue remaining after deducting the cost of goods sold. A higher gross profit margin is generally preferred as it indicates that the company is effectively controlling its production costs.
The decreasing trend in Seagate's gross profit margin from 2019 to 2023 raises concerns about the company's ability to maintain profitability amidst potential cost pressures or pricing challenges. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and sustainability of its business model.
Peer comparison
Jun 30, 2024