Seagate Technology PLC (STX)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,190,000 | 7,384,000 | 11,661,000 | 10,681,000 | 10,509,000 |
| Property, plant and equipment | US$ in thousands | 1,614,000 | 1,706,000 | 2,239,000 | 2,181,000 | 2,129,000 |
| Fixed asset turnover | 3.84 | 4.33 | 5.21 | 4.90 | 4.94 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,190,000K ÷ $1,614,000K
= 3.84
Seagate Technology PLC's fixed asset turnover has shown a decreasing trend over the past five years, declining from 5.21 in 2022 to 3.84 in 2024. This indicates that the company generated $3.84 in revenue for every $1 of fixed assets in 2024, down from $5.21 in 2022. The decreasing trend in fixed asset turnover suggests that Seagate may be becoming less efficient in generating revenue from its fixed assets. Further analysis is required to identify the reasons behind this decline and assess the impact on the company's overall operational efficiency and profitability.
Peer comparison
Jun 30, 2024
Company name
Symbol
Fixed asset turnover
Seagate Technology PLC
STX
3.84
NetApp Inc
NTAP
10.27
Pure Storage Inc
PSTG
7.99
Western Digital Corporation
WDC
4.13