Seagate Technology PLC (STX)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,890,000 | 452,000 | -342,000 | 1,955,000 | 1,492,000 |
| Total assets | US$ in thousands | 8,023,000 | 7,739,000 | 7,556,000 | 8,944,000 | 8,675,000 |
| Operating ROA | 23.56% | 5.84% | -4.53% | 21.86% | 17.20% |
June 30, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $1,890,000K ÷ $8,023,000K
= 23.56%
The operating return on assets (ROA) of Seagate Technology PLC exhibited notable fluctuations over the period from June 30, 2021, to June 30, 2024. At the close of fiscal year 2021, the operating ROA was 17.20%, indicating a healthy utilization of assets in generating operating income. This positive performance improved significantly the following year, reaching 21.86% at the end of fiscal year 2022, reflecting increased operational efficiency and effective asset management.
However, a sharp decline occurred during fiscal year 2023, with the operating ROA turning negative at -4.53%. This negative figure signals that the company's operating income, relative to its asset base, deteriorated substantially, possibly due to declines in sales, increased operating costs, or other operational challenges. The negative value may also reflect extraordinary expenses or impairments impacting profitability.
In fiscal year 2024, the operating ROA rebounded to 5.84%, suggesting some recovery or improvement in operational performance. Although positive, this figure remains well below the peak levels seen in previous years, indicating ongoing challenges in efficiently converting assets into operating income.
As of the latest available data in fiscal year 2025, the operating ROA is not provided, represented by a dash, which could imply lacking data or that the metric is not applicable or calculable at this time.
Overall, the trend indicates a period of strong operational efficiency in 2021 and 2022, a significant setback in 2023, followed by partial recovery in 2024. The fluctuations reflect possible shifts in market conditions, operational strategies, or external factors impacting Seagate’s ability to generate profit from its asset base.
Peer comparison
Jun 30, 2025