Western Digital Corporation (WDC)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,945,000 | 1,887,000 | 5,874,000 | 4,521,000 | 3,781,000 |
| Revenue | US$ in thousands | 13,090,000 | 12,013,000 | 18,514,000 | 16,666,000 | 16,330,000 |
| Gross profit margin | 22.50% | 15.71% | 31.73% | 27.13% | 23.15% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,945,000K ÷ $13,090,000K
= 22.50%
The gross profit margin of Western Digital Corporation has exhibited fluctuations over the past five years. In 2024, the gross profit margin stands at 22.50%, showing an improvement from 15.71% in 2023. This suggests the company's ability to generate profits from its core operations has strengthened. However, the current margin is lower than the high of 31.73% in 2022, indicating a possible decrease in efficiency or increased costs compared to the previous year. Over the five-year period, the company has generally maintained a gross profit margin above 20%, indicating solid profitability in its sales after accounting for direct costs of goods sold. Continued monitoring of this ratio is advised to assess the company's operational efficiency and cost management strategies.
Peer comparison
Jun 30, 2024