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 | 959,000 | 539,000 | 621,000 | 1,532,000 | 1,158,000 |
| Receivables turnover | 9.49 | 12.15 | 11.89 | 7.61 | 9.22 |
June 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,097,000K ÷ $959,000K
= 9.49
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