Seagate Technology PLC (STX)
Fixed asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,097,000 | 6,551,000 | 7,384,000 | 11,661,000 | 10,681,000 |
| Property, plant and equipment | US$ in thousands | — | — | 1,706,000 | 2,239,000 | 2,181,000 |
| Fixed asset turnover | — | — | 4.33 | 5.21 | 4.90 |
June 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,097,000K ÷ $—K
= —
The fixed asset turnover ratio for Seagate Technology PLC has exhibited fluctuations over the period from June 30, 2021, to June 30, 2023. Specifically, the ratio was 4.90 in 2021, indicating that for every dollar invested in fixed assets, approximately $4.90 of revenue was generated. This ratio increased to 5.21 in 2022, suggesting improved efficiency and more effective utilization of fixed assets to generate sales. However, in 2023, the ratio declined to 4.33, reflecting a decrease in asset utilization efficiency relative to the previous year.
The upward trend observed in 2022 may imply enhancements in operational efficiency or strategic investments that better leveraged fixed assets, whereas the subsequent decline in 2023 could suggest challenges such as production inefficiencies, reduced demand, or shifts in the product mix impacting the asset productivity.
The fixed asset turnover ratios for the years beyond 2023 are not available, indicating either data unavailability or a pause in reporting for those periods. Overall, the data shows a peak in asset utilization in 2022, followed by a decline in 2023, highlighting variability in how effectively Seagate leverages its fixed assets to generate revenue across these years.
Peer comparison
Jun 30, 2025