Seagate Technology PLC (STX)
Total asset 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 |
| Total assets | US$ in thousands | 8,023,000 | 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 |
| Total asset turnover | 1.13 | 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 |
June 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,097,000K ÷ $8,023,000K
= 1.13
The total asset turnover ratio of Seagate Technology PLC demonstrates notable fluctuations over the analyzed period. Starting at 1.16 times as of September 30, 2020, the ratio experienced a slight decline to 1.13 by December 31, 2020. Subsequently, it showed a moderate upward trend, reaching 1.23 by June 30, 2021, and further increasing to 1.33 as of September 30, 2021. This indicates an improvement in asset efficiency during this period, with the company generating higher revenue per unit of asset.
After peaking at 1.33, the ratio declined slightly to 1.28 by December 31, 2021, and then continued a gradual upward trend to 1.32 at March 31, 2022, and 1.30 at June 30, 2022. However, a downward movement ensued, with the ratio decreasing to 1.23 by September 30, 2022, and further to 1.19 by December 31, 2022. This diminishing trend persisted into early 2023, reaching a low of 1.06 on March 31, 2023, and subsequently declining further to 0.98 by June 30, 2023.
From mid-2023 onward, the ratio exhibits signs of stabilization and potential recovery, with values rising to 0.95 on September 30, 2023, and 0.91 on December 31, 2023. The most recent data points show a gradual increase to approximately 1.01 and 1.13 for March and June 2024, respectively. Notably, the ratio values for September 2024 at 0.91, December 2024 at 1.01, and March 2025 at 1.13 suggest some recovery in asset utilization efficiency.
Overall, the trend indicates that Seagate’s asset utilization in generating revenue has been variable, with periods of efficiency gains followed by declines, particularly around 2022 and early 2023. The recent upward movement signals a potential reversal of the declining trend, possibly reflective of strategic adjustments or operational improvements aimed at enhancing asset productivity.
Peer comparison
Jun 30, 2025