Seagate Technology PLC (STX)
Operating profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 452,000 | -342,000 | 1,955,000 | 1,492,000 | 1,300,000 |
| Revenue | US$ in thousands | 6,190,000 | 7,384,000 | 11,661,000 | 10,681,000 | 10,509,000 |
| Operating profit margin | 7.30% | -4.63% | 16.77% | 13.97% | 12.37% |
June 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $452,000K ÷ $6,190,000K
= 7.30%
The operating profit margin of Seagate Technology PLC has varied over the past five years. In Jun 30, 2024, the operating profit margin improved significantly to 7.30% from a negative figure in the previous year, indicating better operational efficiency and cost management. However, it is important to note that the margin is still lower than the levels observed in Jun 30, 2022, where the company achieved a strong operating profit margin of 16.77%. This suggests that Seagate Technology PLC may have faced challenges in maintaining profitability in the most recent year but has shown resilience and improvement compared to the prior year. Overall, while the company has experienced fluctuations in its operating profit margin, it is essential for Seagate to continue monitoring and managing its operational costs effectively to enhance its overall financial performance.
Peer comparison
Jun 30, 2024