Seagate Technology PLC (STX)
Return on assets (ROA)
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,469,000 | 335,000 | -529,000 | 1,649,000 | 1,314,000 |
| Total assets | US$ in thousands | 8,023,000 | 7,739,000 | 7,556,000 | 8,944,000 | 8,675,000 |
| ROA | 18.31% | 4.33% | -7.00% | 18.44% | 15.15% |
June 30, 2025 calculation
ROA = Net income ÷ Total assets
= $1,469,000K ÷ $8,023,000K
= 18.31%
The analysis of Seagate Technology PLC's return on assets (ROA) over the reported periods reveals notable fluctuations indicative of varying operational efficiency and financial performance.
As of June 30, 2021, the company demonstrated a robust ROA of 15.15%, reflecting effective utilization of its assets in generating net income. This positive trend continued into June 30, 2022, with an increase to 18.44%, suggesting improved profitability or better asset management during that period.
However, by June 30, 2023, the ROA experienced a significant downturn, registering a negative value of -7.00%. This substantial decline indicates that during this fiscal year, Seagate's net income was negative relative to its total assets, implying losses or adverse operational conditions that undermined asset profitability.
In the subsequent year, June 30, 2024, the ROA rebounded to 4.33%, signifying a recovery, possibly due to improved operational performance, cost management, or restructuring efforts that resulted in positive net income relative to its asset base.
For the most recent data available for June 30, 2025, the ROA is unavailable or not reported, denoted by a dash, which precludes an evaluation of the company's recent asset utilization efficiency for that fiscal period.
Overall, the trend reflects periods of growth and decline, with a notable phase of loss in 2023, followed by partial recovery. These fluctuations underscore the importance of examining underlying factors such as revenue streams, operational costs, asset base changes, and external market conditions influencing Seagate's profitability and asset efficiency over time.
Peer comparison
Jun 30, 2025