Seagate Technology PLC (STX)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 452,000 | -342,000 | 1,955,000 | 1,492,000 | 1,300,000 |
| Total assets | US$ in thousands | 7,739,000 | 7,556,000 | 8,944,000 | 8,675,000 | 8,930,000 |
| Operating ROA | 5.84% | -4.53% | 21.86% | 17.20% | 14.56% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $452,000K ÷ $7,739,000K
= 5.84%
Seagate Technology PLC's operating return on assets (operating ROA) has experienced fluctuating trends over the past five years.
In Jun 30, 2020, the company's operating ROA stood at 14.56%, indicating a solid performance in generating operating income relative to its assets. This was followed by a slight increase to 17.20% in Jun 30, 2021, demonstrating continued efficiency in utilizing assets to generate operating profits.
In Jun 30, 2022, Seagate Technology PLC experienced a significant surge in operating ROA to 21.86%, showcasing a substantial improvement in asset utilization and operational efficiency. However, this positive trend reversed in Jun 30, 2023, with a notable decrease to -4.53%, signifying a decline in the company's ability to generate operating income from its assets.
The most recent data point, as of Jun 30, 2024, shows a recovery in Seagate Technology PLC's operating ROA to 5.84%, but still below the levels seen in the previous years. This suggests that the company may be facing challenges in maximizing profitability in relation to its asset base.
Overall, Seagate Technology PLC's operating ROA has been subject to fluctuations, indicating varying levels of efficiency in generating operating profits from its assets over the analyzed period. Further analysis of the underlying factors contributing to these fluctuations would be crucial in understanding the company's operational performance and future prospects.
Peer comparison
Jun 30, 2024