Seagate Technology PLC (STX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,633,000 | 1,345,000 | 981,000 | 449,000 | 164,000 | -294,000 | -578,000 | -342,000 | -8,000 | 736,000 | 1,476,000 | 1,955,000 | 2,102,000 | 2,059,000 | 1,827,000 | 1,492,000 | 1,252,000 | 1,242,000 | 1,278,000 | 1,300,000 |
| 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 |
| Operating ROA | 21.59% | 16.90% | 12.31% | 5.80% | 2.31% | -4.11% | -8.03% | -4.53% | -0.10% | 9.36% | 17.14% | 21.86% | 22.99% | 21.96% | 21.21% | 17.20% | 14.55% | 13.82% | 14.42% | 14.56% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,633,000K ÷ $7,564,000K
= 21.59%
The operating return on assets (ROA) of Seagate Technology PLC demonstrates notable fluctuations over the analyzed period from June 30, 2020, through March 31, 2025. During the initial quarters, the company's operating ROA remained relatively stable, with values slightly above 14%, such as 14.56% on June 30, 2020, and peaking briefly at 14.55% on March 31, 2021. A significant upward trend initiated around June 30, 2021, with the ratio sharply rising to 17.20%, followed by a substantial acceleration reaching over 21% by September 30, 2021, and nearly 22% by March 31, 2022. This period indicates improved operational efficiency and asset utilization.
However, after reaching these peaks, a downward trajectory commences, with the ratio decreasing to 17.14% by September 30, 2022, and then markedly falling to 9.36% by December 31, 2022. The decline continues into 2023, resulting in negative operating ROA figures of -0.10% on March 31, 2023, and worsened to -4.53% by June 30, 2023, and -8.03% by September 30, 2023. This downturn suggests operational performance deterioration and reduced profitability relative to the company's assets during this period.
Interestingly, in the subsequent quarters of 2024, a recovery trend emerges. The operating ROA shifts into positive territory, recorded at 2.31% on March 31, 2024, and further improving to 5.80% by June 30, 2024, then rebounding to 12.31% on September 30, 2024, and reaching 16.90% by December 31, 2024. The positive momentum continues into the first quarter of 2025, with the ratio rising to 21.59%, indicating a robust recovery in operational efficiency and asset utilization.
In summary, Seagate's operating ROA exhibits a cycle of initial stability, followed by a period of substantial growth, decline into negative territory, and eventual recovery. The data reflects variability in operational performance, likely influenced by market conditions, product cycles, and strategic adjustments, culminating in a significant turnaround in late 2024 and early 2025.
Peer comparison
Mar 31, 2025