Seagate Technology PLC (STX)
Total asset 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 |
| Total assets | US$ in thousands | 7,564,000 | 7,959,000 | 7,972,000 | 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 |
| Total asset turnover | 1.13 | 1.01 | 0.91 | 0.85 | 0.88 | 0.91 | 0.95 | 0.98 | 1.06 | 1.19 | 1.23 | 1.30 | 1.32 | 1.28 | 1.33 | 1.23 | 1.18 | 1.13 | 1.16 | 1.18 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,540,000K ÷ $7,564,000K
= 1.13
The total asset turnover ratio for Seagate Technology PLC exhibits notable fluctuations over the analyzed period from June 30, 2020, to March 31, 2025. Initially, the ratio begins at 1.18 in June 2020, indicating that the company generated approximately $1.18 in revenue for every dollar of total assets. During the subsequent quarters, the ratio experiences slight declines and modest increases, reflecting varying efficiency in asset utilization.
Between September 2020 and March 2021, the ratio declines slightly, reaching 1.13, suggesting a marginal reduction in asset utilization efficiency. Notably, from June 2021 onward, there is an upward trend that peaks at 1.33 by September 2021, indicating improved efficiency or higher revenue generation relative to asset base during that period. This upward momentum is maintained through December 2021 and into March 2022, with ratios of 1.28 and 1.32, respectively.
However, from June 2022 onwards, a declining trend reemerges, with the ratio decreasing from 1.30 to 0.98 by March 2023, reflecting a potential decline in revenue efficiency or increased asset base without a proportionate increase in sales. The downward trend continues into the latter part of 2023 and into early 2024, with ratios dipping below 1. reaching a low of 0.85 in June 2024.
Subsequently, the ratio shows signs of recovery, rising to 1.01 by December 2024 and further increasing to 1.13 in March 2025. This recovery indicates a renewal in asset utilization efficiency, possibly driven by improved sales performance or better asset management.
Overall, the total asset turnover ratio demonstrates periods of both strength and weakness, with a peak in late 2021 and a trough in mid-2024. The fluctuations suggest that Seagate's ability to efficiently utilize its assets to generate revenue has been subject to variability, which could be driven by market conditions, product cycles, or strategic adjustments over the given timeframe.
Peer comparison
Mar 31, 2025