Wolfspeed Inc (WOLF)
Operating profit margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -445,300 | -411,100 | -390,400 | -365,300 | -333,900 | -281,100 | -257,700 | -245,600 | -247,800 | -321,600 | -320,700 | -317,400 | -313,900 | -251,700 | -238,300 | -244,100 | -220,800 | -253,500 | -216,600 | -143,200 |
| Revenue (ttm) | US$ in thousands | 808,400 | 641,700 | 715,400 | 780,300 | 879,900 | 881,000 | 849,900 | 784,800 | 699,400 | 624,100 | 566,500 | 539,700 | 592,900 | 652,800 | 734,000 | 857,800 | 896,200 | 941,700 | 1,000,689 | 1,165,805 |
| Operating profit margin | -55.08% | -64.06% | -54.57% | -46.82% | -37.95% | -31.91% | -30.32% | -31.29% | -35.43% | -51.53% | -56.61% | -58.81% | -52.94% | -38.56% | -32.47% | -28.46% | -24.64% | -26.92% | -21.65% | -12.28% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-445,300K ÷ $808,400K
= -55.08%
The operating profit margin of Wolfspeed Inc has shown fluctuating trends over the past few quarters. The margin has been consistently negative, indicating that the company's operating expenses have been higher than its revenues during these periods.
The margin improved from -64.06% in March 2024 to -55.08% in June 2024, but it remains significantly low. This suggests that the company is struggling to generate sufficient profits from its core operations.
Historically, the operating profit margin has been particularly weak in the last few quarters of 2021 and the first half of 2022, reaching levels as low as -58.81% and -56.61%, respectively. This indicates operational inefficiencies or challenges that Wolfspeed Inc may have been facing during this period.
Overall, the negative operating profit margin trend indicates that Wolfspeed Inc may need to closely evaluate its cost structures, revenue generation strategies, and operational efficiency to improve profitability and long-term sustainability.
Peer comparison
Jun 30, 2024