Seagate Technology PLC (STX)
Operating return on assets (Operating ROA)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 452,000 | 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 | 1,365,000 | 1,225,000 | 1,257,000 |
| Total assets | US$ in thousands | 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 | 8,829,000 | 8,932,000 | 8,738,000 |
| Operating ROA | 5.84% | 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% | 15.46% | 13.71% | 14.39% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $452,000K ÷ $7,739,000K
= 5.84%
Operating return on assets (ROA) measures a company's ability to generate earnings from its operational assets. In the case of Seagate Technology PLC, the operating ROA has varied over the past few quarters.
The operating ROA for the most recent quarter ending June 30, 2024, was 5.84%, indicating that the company generated a return of 5.84% on its operational assets during that period. This represents an improvement compared to the previous quarter, where the operating ROA was 2.31%.
Looking further back, Seagate Technology PLC experienced a significant decline in operating ROA in the quarter ending December 31, 2023, with a negative return of -4.11%. This suggests that the company faced challenges in generating earnings from its operational assets during that period.
However, the operating ROA rebounded in the following quarters, showing a positive trend from the end of 2023 through mid-2024. The highest operating ROA during this period was 22.99% in the quarter ending March 31, 2022.
Overall, the fluctuation in Seagate Technology PLC's operating ROA indicates varying levels of efficiency in utilizing operational assets to generate earnings. Investors and stakeholders may consider this metric along with other financial indicators to assess the company's performance and prospects.
Peer comparison
Jun 30, 2024