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 1,239,000 1,140,000 1,565,000 1,204,000
Inventory turnover 4.05 5.29 5.23 6.45

June 30, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $5,897,000K ÷ $—K
= —

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

Company name
Symbol
Inventory turnover
Seagate Technology PLC
STX
NetApp Inc
NTAP
10.53
Pure Storage Inc
PSTG
22.32
Western Digital Corporation
WDC
3.01