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.