Seagate Technology PLC (STX)
Receivables turnover
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 10,509,000 |
| Receivables | US$ in thousands | 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 | 1,115,000 |
| Receivables turnover | 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 | 9.43 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,540,000K ÷ $622,000K
= 13.73
The receivables turnover ratio for Seagate Technology PLC exhibits notable fluctuations over the analyzed period from June 2020 through March 2025. Starting at 9.43 times in June 2020, the ratio demonstrates a general upward trend with some periods of decline and stability. Notably, it peaked at 13.73 times in March 2025, indicating a significant improvement in the company's efficiency in collecting accounts receivable over this timeframe.
During the initial quarters, the ratio increased steadily from 9.43 in June 2020 to 12.70 by December 2020, reflecting enhanced receivables management. The ratio then experienced a slight decrease during 2021, dipping as low as 8.56 in December, before climbing again to reach approximately 11.89 in June 2023. A sustained upward trajectory ensued, culminating in a peak of 13.73 in March 2025.
The trends suggest periods of improved collection efficiency, particularly after mid-2022, where the ratio consistently trended upward, signaling that Seagate has been increasingly effective at converting receivables into cash. The fluctuations in the ratio may correlate with changes in credit policy, customer payment behavior, or shifts in sales volume.
Overall, the trajectory indicates a positive movement toward better receivables management, with the highest turnover ratio observed in the most recent period, implying improved liquidity and potentially tighter credit control measures implemented by the company over time.
Peer comparison
Mar 31, 2025