Seagate Technology PLC (STX)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,897,000 | 5,015,000 | 6,033,000 | 8,192,000 | 7,764,000 |
| Inventory | US$ in thousands | 1,440,000 | 1,239,000 | 1,140,000 | 1,565,000 | 1,204,000 |
| Inventory turnover | 4.10 | 4.05 | 5.29 | 5.23 | 6.45 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,897,000K ÷ $1,440,000K
= 4.10
The inventory turnover ratio for Seagate Technology PLC demonstrated notable fluctuations over the analyzed period. As of June 30, 2021, the ratio was 6.45, indicating that inventory was sold and replaced approximately 6.45 times during the fiscal year. This ratio decreased to 5.23 by June 30, 2022, reflecting a reduction in inventory efficiency or potentially increased inventory holdings relative to sales. The ratio saw a slight marginal increase to 5.29 by June 30, 2023, suggesting a modest improvement in inventory management or sales performance.
However, by June 30, 2024, a significant decline is observed, with the ratio dropping to 4.05. This decrease points to a reduced frequency of inventory turnover, which may imply either an accumulation of inventory, slower sales, or stockpiling. The projected data for June 30, 2025, is unavailable, indicating that current information does not extend beyond the previous fiscal year.
Overall, the trend indicates a decline in inventory turnover over the period, especially noticeable from June 2023 to June 2024, which potentially signals challenges in inventory management, changes in sales performance, or shifts in market conditions affecting inventory efficiency.
Peer comparison
Jun 30, 2025