Western Digital Corporation (WDC)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -798,000 | -1,684,000 | 1,500,000 | 821,000 | -250,000 |
| Revenue | US$ in thousands | 13,090,000 | 12,013,000 | 18,514,000 | 16,666,000 | 16,330,000 |
| Net profit margin | -6.10% | -14.02% | 8.10% | 4.93% | -1.53% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-798,000K ÷ $13,090,000K
= -6.10%
Western Digital Corporation's net profit margin has shown fluctuation over the past five years, ranging from negative to positive values. In the most recent fiscal year ending on June 30, 2024, the company reported a net profit margin of -6.10%, indicating that for every dollar of revenue generated, the company incurred a loss of $0.061. This represents an improvement compared to the prior year's net profit margin of -14.02%.
Looking further back, in 2022, Western Digital Corporation achieved a net profit margin of 8.10%, reflecting a healthy profitability level. However, this was lower than the net profit margin of 4.93% in 2021. The company experienced a negative net profit margin of -1.53% in 2020.
Overall, the fluctuation in net profit margin over the years suggests that Western Digital Corporation has experienced varying levels of profitability. It is important for the company to closely monitor and manage its expenses and revenue generation in order to sustain and improve its profitability in the future.
Peer comparison
Jun 30, 2024