Seagate Technology PLC (STX)
Receivables turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,097,000 | 8,540,000 | 8,035,000 | 7,265,000 | 6,551,000 | 6,266,000 | 6,471,000 | 6,803,000 | 7,384,000 | 8,410,000 | 9,352,000 | 10,581,000 | 11,661,000 | 12,046,000 | 11,975,000 | 11,482,000 | 10,681,000 | 10,185,000 | 10,172,000 | 10,245,000 |
| Receivables | US$ in thousands | 959,000 | 622,000 | 737,000 | 753,000 | 539,000 | 457,000 | 593,000 | 521,000 | 621,000 | 994,000 | 840,000 | 1,098,000 | 1,532,000 | 1,344,000 | 1,399,000 | 1,301,000 | 1,158,000 | 978,000 | 801,000 | 866,000 |
| Receivables turnover | 9.49 | 13.73 | 10.90 | 9.65 | 12.15 | 13.71 | 10.91 | 13.06 | 11.89 | 8.46 | 11.13 | 9.64 | 7.61 | 8.96 | 8.56 | 8.83 | 9.22 | 10.41 | 12.70 | 11.83 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,097,000K ÷ $959,000K
= 9.49
The receivables turnover ratio for Seagate Technology PLC demonstrates notable fluctuations over the analyzed period from September 2020 to June 2025. This ratio indicates how effectively the company manages and collects its accounts receivable, with higher values reflecting more efficient collection practices.
Between September 2020 and September 2021, the receivables turnover shows a generally declining trend, decreasing from 11.83 times to a low of 8.83 times. This decline suggests a potential slowdown in receivables collection efficiency during this period, possibly due to extended credit terms or challenges in collection processes amid the global economic conditions affecting supply chains and customer payment behavior.
Starting from September 2021, a gradual recovery in the ratio is observable, with some fluctuations. The ratio slightly improved to 9.64 in September 2022 and further increased to 11.13 by December 2022, indicating some stabilization or efficiency gains in receivables collection. Notably, in March 2023, the ratio dipped to 8.46 but then surged significantly to 11.89 in June 2023 and further reached 13.06 in September 2023. These increases could reflect improved credit management policies or shorter credit cycles.
Further, the ratio exhibits a slight decline towards the end of 2023 and the first half of 2024 but remains relatively high compared to earlier years, with values such as 10.91 in December 2023 and 12.15 in June 2024. The ratio continues to fluctuate, recording 9.65 in September 2024 and 10.90 in December 2024. Subsequently, there is a rise to 13.73 in March 2025 but a subsequent decrease to 9.49 in June 2025.
Overall, the trend suggests periods of both deterioration and improvement in receivables management. The higher ratios observed in recent quarters indicate enhanced collection efficiency, although the variability reflects ongoing challenges or strategic adjustments in credit policies. The company’s receivables management appears to be responsive to changing operational or market conditions, with periods of recovery following declines.
In conclusion, Seagate’s receivables turnover ratio has experienced significant fluctuations over the analyzed timeframe, moving from below 9 times during some periods to over 13 times in others. This pattern underscores the importance of continuous credit and collection policy review to sustain optimal receivables management efficiency in line with the company’s operational strategy and market environment.
Peer comparison
Jun 30, 2025