Seagate Technology PLC (STX)
Total asset turnover
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,190,000 | 6,009,000 | 6,218,000 | 6,761,000 | 7,384,000 | 8,572,000 | 9,529,000 | 10,569,000 | 11,661,000 | 12,023,000 | 11,956,000 | 11,473,000 | 10,681,000 | 10,176,000 | 10,173,000 | 10,250,000 | 10,509,000 | 10,379,000 | 9,968,000 | 9,979,000 |
| Total assets | US$ in thousands | 7,739,000 | 7,096,000 | 7,149,000 | 7,196,000 | 7,556,000 | 7,967,000 | 7,867,000 | 8,611,000 | 8,944,000 | 9,145,000 | 9,375,000 | 8,613,000 | 8,675,000 | 8,604,000 | 8,986,000 | 8,862,000 | 8,930,000 | 8,829,000 | 8,932,000 | 8,738,000 |
| Total asset turnover | 0.80 | 0.85 | 0.87 | 0.94 | 0.98 | 1.08 | 1.21 | 1.23 | 1.30 | 1.31 | 1.28 | 1.33 | 1.23 | 1.18 | 1.13 | 1.16 | 1.18 | 1.18 | 1.12 | 1.14 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,190,000K ÷ $7,739,000K
= 0.80
Seagate Technology PLC's total asset turnover has fluctuated over the past few quarters but generally indicates the company's efficiency in generating sales from its assets. The ratio peaked at 1.33 in the first quarter of 2022 and has since shown a slight decline to 1.14 in the third quarter of 2019. This decreasing trend suggests that Seagate may be experiencing challenges in efficiently utilizing its assets to generate revenue. Monitoring this ratio will be crucial to assess the company's operational efficiency and asset management in the future.
Peer comparison
Jun 30, 2024
Company name
Symbol
Total asset turnover
Seagate Technology PLC
STX
0.80
NetApp Inc
NTAP
0.63
Pure Storage Inc
PSTG
0.83
Western Digital Corporation
WDC
0.54