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.