Synaptics Incorporated (SYNA)

Net profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	125,600	73,600	257,500	79,600	118,800
Revenue	US$ in thousands	894,100	1,297,900	1,714,400	1,312,600	1,417,300
Net profit margin		14.05%	5.67%	15.02%	6.06%	8.38%

June 30, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $125,600K ÷ $894,100K
= 14.05%

The net profit margin of Synaptics Incorporated has exhibited fluctuations over the past five years. In particular, the company's net profit margin stood at 14.05% as of June 30, 2024, reflecting a notable increase compared to the previous year's figure of 5.67%. This improvement suggests that Synaptics has potentially enhanced its profitability and efficiency in managing costs and generating income in the most recent fiscal year. Furthermore, the net profit margin of 14.05% in 2024 is higher than the figures for 2022 (15.02%), 2021 (6.06%), and 2020 (8.38%), indicating a positive trend in the company's financial performance in terms of profitability. Overall, the increasing trend in net profit margin suggests that Synaptics has been more effective in translating its revenues into bottom-line profits in recent years.