Seagate Technology PLC (STX)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,097,000 | 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 |
| 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 | — |
| 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 | — |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,097,000K ÷ $—K
= —
The fixed asset turnover ratio for Seagate Technology PLC demonstrates variability over the observed periods between September 2020 and September 2023. Notably, the ratio was not available (represented by a dash) for September 2020 and September 2021, indicating either the absence of data or that the metric was not calculated or reported at those times.
From December 31, 2020, onward, the ratio shows a progressive upward trend, starting at 4.69 and peaking at 5.48 on March 31, 2022. This increase suggests that Seagate was efficiently utilizing its fixed assets to generate revenue during this period, with a clear improvement in asset productivity.
Following this peak, the ratio exhibits a declining trend, decreasing to 4.41 by December 31, 2022. The decline continues into 2023, with the ratio reaching 4.12 by September 30, 2023. This downward movement indicates a reduced efficiency in generating revenue from fixed assets compared to the previous years, potentially reflecting increased asset base, reduced sales efficiency, or a shift in strategic asset utilization.
Overall, the period from late 2020 to early 2022 saw an improvement in fixed asset utilization, whereas the subsequent period indicates a downturn in this metric. The fluctuations suggest a period of operational transition or strategic adjustments impacting how effectively fixed assets contribute to revenue generation. The absence of data beyond September 2023 prevents further assessment of long-term trends, but within the observed timeframe, the ratio's trajectory signals dynamic changes in asset efficiency levels.
Peer comparison
Jun 30, 2025