Seagate Technology PLC (STX)
Total asset 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 |
| Total assets | US$ in thousands | 8,023,000 | 7,739,000 | 7,556,000 | 8,944,000 | 8,675,000 |
| Total asset turnover | 1.13 | 0.85 | 0.98 | 1.30 | 1.23 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,097,000K ÷ $8,023,000K
= 1.13
The total asset turnover ratio for Seagate Technology PLC has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2024. Specifically, the ratio increased from 1.23 in 2021 to 1.30 in 2022, indicating a more efficient utilization of assets to generate revenue during that year. However, subsequent years demonstrated a decline, with the ratio decreasing to 0.98 in 2023 and further declining to 0.85 in 2024. This downward trend suggests a reduced efficiency in asset utilization over this period, potentially attributable to factors such as increased asset base without a proportional rise in sales, changes in operational strategy, or shifts within the industry. The absence of data for June 30, 2025, precludes further analysis beyond 2024. Overall, the pattern indicates a peak in asset efficiency in 2022, followed by a steady decline in subsequent years.
Peer comparison
Jun 30, 2025