Synaptics Incorporated (SYNA)

Gross profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Gross profit	US$ in thousands	439,800	715,900	943,100	611,200	543,100
Revenue	US$ in thousands	894,100	1,297,900	1,714,400	1,312,600	1,417,300
Gross profit margin		49.19%	55.16%	55.01%	46.56%	38.32%

June 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $439,800K ÷ $894,100K
= 49.19%

Synaptics Incorporated's gross profit margin has exhibited fluctuations over the past five years. The company's gross profit margin was highest in Jun 30, 2023, at 55.16%, reflecting strong profitability in that period. However, there was a noticeable decline in the following year, Jun 30, 2024, with the gross profit margin dropping to 49.19%. This decrease may indicate potential challenges in managing production costs or pricing strategies.

Furthermore, when comparing the latest gross profit margin to that of Jun 30, 2020, there has been a significant improvement, indicating potential efficiency gains or pricing enhancements implemented by Synaptics. Overall, monitoring and analyzing the gross profit margin trend can provide insights into the company's operational efficiency and pricing power, which are crucial factors for sustainable profitability and growth.