Seagate Technology PLC (STX)
Fixed asset turnover
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,540,000 | 8,035,000 | 7,265,000 | 6,551,000 | 6,266,000 | 6,471,000 | 6,803,000 | 7,384,000 | 8,410,000 | 9,352,000 | 10,581,000 | 11,661,000 | 12,046,000 | 11,975,000 | 11,482,000 | 10,681,000 | 10,185,000 | 10,172,000 | 10,245,000 | 10,509,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 1,652,000 | 1,706,000 | 1,753,000 | 2,122,000 | 2,196,000 | 2,239,000 | 2,197,000 | 2,213,000 | — | 2,181,000 | 2,215,000 | 2,167,000 | — | 2,232,000 |
| Fixed asset turnover | — | — | — | — | — | — | 4.12 | 4.33 | 4.80 | 4.41 | 4.82 | 5.21 | 5.48 | 5.41 | — | 4.90 | 4.60 | 4.69 | — | 4.71 |
March 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,540,000K ÷ $—K
= —
The fixed asset turnover ratio for Seagate Technology PLC has exhibited fluctuations over the observed periods. As of June 30, 2020, the ratio stood at 4.71, indicating that the company generated approximately $4.71 in sales for every dollar invested in fixed assets. This ratio remained relatively stable through December 31, 2020, with a slight decrease to 4.69. Moving into the period ending March 31, 2021, the ratio decreased further to 4.60, suggesting a modest decline in sales efficiency relative to fixed assets.
Subsequently, the ratio increased during the fiscal year ending June 30, 2021, reaching 4.90, reflecting improved utilization of fixed assets to generate sales. A further increase was observed at December 31, 2021, with the ratio rising to 5.41, implying enhanced asset efficiency. The upward trend persisted into March 31, 2022, with the ratio at 5.48, indicating continued improved fixed asset productivity.
After peaking at that point, the ratio experienced a decline over the subsequent periods: it dropped to 5.21 by June 30, 2022, then further to 4.82 at September 30, 2022, and to 4.41 by December 31, 2022. This decreasing trend continued into March 31, 2023, when the ratio was 4.80. The ratio then declined further to 4.33 at June 30, 2023, and continued downward to 4.12 at September 30, 2023.
Overall, the data depict a period of initial stability and gradual improvement in fixed asset utilization, peaking near late 2021 and early 2022, followed by a steady decline extending into late 2023. The decline indicates decreasing efficiency in utilizing fixed assets to generate revenue during the latter part of the observed period.
Peer comparison
Mar 31, 2025