Seagate Technology PLC (STX)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 9.49 | 13.73 | 10.90 | 9.65 | 12.15 | 13.71 | 10.91 | 13.06 | 11.89 | 8.46 | 11.13 | 9.64 | 7.61 | 8.96 | 8.56 | 8.83 | 9.22 | 10.41 | 12.70 | 11.83 | |
| DSO | days | 38.48 | 26.58 | 33.48 | 37.83 | 30.03 | 26.62 | 33.45 | 27.95 | 30.70 | 43.14 | 32.78 | 37.88 | 47.95 | 40.72 | 42.64 | 41.36 | 39.57 | 35.05 | 28.74 | 30.85 |
June 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.49
= 38.48
The provided data on Seagate Technology PLC’s days of sales outstanding (DSO) from September 30, 2020, through June 30, 2025, illustrates notable fluctuations over this period, reflecting changes in the company's accounts receivable collection efficiency.
Initially, at the end of September 2020, the DSO stood at approximately 30.85 days, indicating a relatively efficient credit collection process. This figure decreased slightly to 28.74 days by the end of December 2020, suggesting an improvement in receivables management.
However, starting in early 2021, there was a gradual uptick in DSO, reaching 35.05 days in March 2021 and further extending to 39.57 days by June 2021. This upward trend continued through the latter half of 2021, where DSOs exceeded 40 days, peaking at 42.64 days in December 2021. Such increases imply a potential decline in collection efficiency or changes in credit terms, leading to longer periods to convert receivables into cash.
In 2022, the DSO fluctuated; it slightly decreased to 40.72 days in March, then increased significantly to a peak of 47.95 days in June. This peak indicates a period where receivables were outstanding for a notably extended duration relative to earlier periods. Subsequently, there was a decline to 37.88 days at the end of September 2022 and further reduction to 32.78 days in December 2022, signaling an improvement in collection performance.
Moving into 2023, DSO increased again, reaching 43.14 days in March, before decreasing sharply to 30.70 days in June and further to 27.95 days in September, suggesting an active effort to shorten receivables collection or a change in credit policy. The early months of 2024 showed a slight rise to 33.45 days in December 2023 and a further decrease to 26.62 days in March 2024, indicating a renewed efficiency in receivables management.
From mid-2024 to mid-2025, DSO experienced volatility, with values such as 30.03 days in June 2024, rising to 37.83 days in September 2024, and dropping again to 33.48 days in December 2024. Notably, in March 2025, the DSO was observed at 26.58 days, which then increased to 38.48 days by June 2025. This pattern suggests periods of optimization followed by short-term elongation of receivables.
Overall, the DSO trend demonstrates periods of both improvement and deterioration in collections efficiency. The fluctuations could be attributed to various factors including strategic changes in credit policies, variations in customer payment behaviors, or external economic influences affecting customer liquidity. The periods of higher DSO, notably in mid-2021 to mid-2022, may warrant further analysis to assess the underlying causes and their impact on cash flow management. Conversely, the periods of shorter DSO indicate potential enhancements in receivables management or more disciplined credit terms implementation.
Peer comparison
Jun 30, 2025