Synaptics Incorporated (SYNA)

Operating profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Operating income	US$ in thousands	-101,600	154,300	350,400	147,000	68,900
Revenue	US$ in thousands	894,100	1,297,900	1,714,400	1,312,600	1,417,300
Operating profit margin		-11.36%	11.89%	20.44%	11.20%	4.86%

June 30, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $-101,600K ÷ $894,100K
= -11.36%

The operating profit margin of Synaptics Incorporated has shown fluctuating trends over the past five years. In the most recent fiscal year ending June 30, 2024, the company experienced a negative operating profit margin of -11.36%, indicating that its operating expenses exceeded its operating income. This represents a significant decrease from the previous year's margin of 11.89%.

In the fiscal year ending June 30, 2023, Synaptics had a relatively healthy operating profit margin of 11.89%, suggesting efficient cost management and profitability in its operations. This was a decrease from the margin of 20.44% in the prior year ending June 30, 2022.

The operating profit margin for the fiscal year ending June 30, 2022, at 20.44%, reflected a strong performance in generating operating profits relative to revenue. This represented an improvement from the margin of 11.20% in the fiscal year ending June 30, 2021.

In the fiscal year ending June 30, 2021, the company's operating profit margin was 11.20%, indicating a decent level of profitability from its core operations. This was higher than the margin of 4.86% recorded in the fiscal year ending June 30, 2020, showing an upward trend in operating efficiency.

Overall, fluctuations in Synaptics' operating profit margin over the past five years suggest varying levels of efficiency in managing operating expenses and generating operating income. The recent negative margin raises concerns about the company's profitability, warranting further analysis of its cost structure and revenue generation strategies.