Seagate Technology PLC (STX)
Days of inventory on hand (DOH)
Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Inventory turnover | 4.10 | 3.84 | 3.72 | 3.73 | 4.05 | 4.22 | 5.07 | 5.50 | 5.29 | 5.50 | 5.91 | 4.72 | 5.23 | 5.71 | 6.56 | 6.91 | 6.45 | 5.84 | 5.67 | 5.65 | |
DOH | days | 89.13 | 95.03 | 98.04 | 97.75 | 90.18 | 86.49 | 72.02 | 66.38 | 68.97 | 66.32 | 61.74 | 77.27 | 69.73 | 63.88 | 55.62 | 52.85 | 56.60 | 62.46 | 64.43 | 64.58 |
June 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.10
= 89.13
The analysis of Seagate Technology PLC's days of inventory on hand (DOH) over the specified periods reveals a trend of increasing inventory holding days, reflecting shifts in inventory management and operational strategy.
Initially, as of September 30, 2020, the DOH was approximately 64.58 days, which remained relatively stable through December 31, 2020 (64.43 days), and showed a slight decrease near the end of March 2021 to 62.46 days. During the subsequent quarters up to September 30, 2021, a downward trend can be observed, reaching a low of 52.85 days, indicating improved inventory turnover and potentially increased efficiency in inventory management.
However, starting from late 2021, the DOH exhibited an upward trajectory. By December 31, 2021, the figure rose modestly to 55.62 days, and then saw a notable increase by March 31, 2022, reaching 63.88 days. This upward trend became more pronounced in the subsequent periods, with the DOH climbing to 69.73 days by June 30, 2022, and further escalating to 77.27 days at the end of September 2022. The increase suggests a buildup of inventory levels, potentially driven by factors such as supply chain adjustments, demand fluctuations, or strategic inventory stockpiling.
Following this peak, a partial correction occurred, with the DOH decreasing to 61.74 days by December 2022 and slightly rising again to 66.32 days in March 2023. Nonetheless, from the second quarter of 2023 onward, the DOH continued its upward trajectory, reaching approximately 68.97 days in June 2023 and 66.38 days in September 2023.
The most recent data, extending into 2024 and mid-2025, indicates a continued trend of increasing inventory days. As of March 31, 2024, the DOH was approximately 86.49 days, and it further increased to 90.18 days by June 30, 2024, with a slight slowdown to 97.75 days by September 30, 2024. The figures for the subsequent quarters show ongoing high inventory levels, with the DOH reaching 98.04 days at the end of 2024 and slightly declining to 95.03 days in March 2025 before decreasing further to 89.13 days in June 2025.
Overall, the data indicates a significant lengthening of inventory holding periods over the analyzed period. This trend may reflect strategic shifts toward higher inventory levels, potential supply chain inefficiencies, or anticipating increased customer demand. The pattern suggests a move away from the earlier inventory optimization and warrants further investigation into operational and market factors influencing inventory management practices.
Peer comparison
Jun 30, 2025