Seagate Technology PLC (STX)
Fixed asset turnover
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,190,000 | 6,009,000 | 6,218,000 | 6,761,000 | 7,384,000 | 8,572,000 | 9,529,000 | 10,569,000 | 11,661,000 | 12,023,000 | 11,956,000 | 11,473,000 | 10,681,000 | 10,176,000 | 10,173,000 | 10,250,000 | 10,509,000 | 10,379,000 | 9,968,000 | 9,979,000 |
| Property, plant and equipment | US$ in thousands | 1,614,000 | 1,639,000 | 1,642,000 | 1,652,000 | 1,706,000 | 1,753,000 | 2,122,000 | 2,196,000 | 2,239,000 | 2,197,000 | 2,216,000 | 2,213,000 | 2,181,000 | 2,215,000 | 2,218,000 | 2,167,000 | 2,129,000 | 2,093,000 | 2,049,000 | 1,991,000 |
| Fixed asset turnover | 3.84 | 3.67 | 3.79 | 4.09 | 4.33 | 4.89 | 4.49 | 4.81 | 5.21 | 5.47 | 5.40 | 5.18 | 4.90 | 4.59 | 4.59 | 4.73 | 4.94 | 4.96 | 4.86 | 5.01 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,190,000K ÷ $1,614,000K
= 3.84
Seagate Technology PLC's fixed asset turnover has shown a fluctuating trend over the periods provided. The fixed asset turnover ratio measures how efficiently a company is generating revenue from its fixed assets. A higher ratio indicates better utilization of fixed assets to generate sales.
From the data, we observe that Seagate's fixed asset turnover ratio ranged from 3.67 to 5.47 over the past 20 periods. The ratio peaked at 5.47 in March 2022 and reached its lowest point at 3.67 in March 2024.
Overall, the company's fixed asset turnover has shown a generally declining trend since the peak in March 2022. It is important for investors and analysts to further investigate the reasons behind this trend, as a decreasing fixed asset turnover may indicate lower efficiency in utilizing fixed assets to generate sales, possibly signaling operational inefficiencies or changes in the company's business model.
Peer comparison
Jun 30, 2024