Seagate Technology PLC (STX)

Receivables turnover

Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Revenue US$ in thousands 9,097,000 6,551,000 7,384,000 11,661,000 10,681,000
Receivables US$ in thousands 539,000 621,000 1,532,000 1,158,000
Receivables turnover 12.15 11.89 7.61 9.22

June 30, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $9,097,000K ÷ $—K
= —

The receivables turnover ratio of Seagate Technology PLC has demonstrated variability over the period from June 30, 2021, to June 30, 2024. Specifically, the ratio decreased from 9.22 times in 2021 to 7.61 times in 2022, indicating a decline in the company's efficiency in collecting receivables during that year. This reduction may suggest either an extension of credit terms granted to customers or potential delays in receivables collection, which could impact liquidity.

Subsequently, the ratio increased significantly to 11.89 times in 2023, reflecting an improvement in receivables collection efficiency. The upward movement suggests that Seagate was able to collect its receivables more rapidly, potentially reducing days sales outstanding and enhancing cash flow management.

The ratio further increased slightly in 2024 to 12.15 times, indicating continued or sustained improvement in receivables management. This consistent increase may point to more stringent credit policies, improved collection efforts, or an overall reduction in outstanding receivable periods.

The data for June 30, 2025, is unavailable, so an assessment of recent trends beyond 2024 cannot be made. Overall, the trend from 2021 through 2024 indicates a significant recovery and strengthening of receivables collection efficiency following a dip in 2022, which could positively influence the company's liquidity position and working capital dynamics.


Peer comparison

Jun 30, 2025

Company name
Symbol
Receivables turnover
Seagate Technology PLC
STX
NetApp Inc
NTAP
5.27
Pure Storage Inc
PSTG
Western Digital Corporation
WDC
6.00