Seagate Technology PLC (STX)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 335,000 | -529,000 | 1,649,000 | 1,314,000 | 1,004,000 |
| Total assets | US$ in thousands | 7,739,000 | 7,556,000 | 8,944,000 | 8,675,000 | 8,930,000 |
| ROA | 4.33% | -7.00% | 18.44% | 15.15% | 11.24% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $335,000K ÷ $7,739,000K
= 4.33%
Seagate Technology PLC's Return on Assets (ROA) has fluctuated over the past five years. The ROA was particularly low in 2023 at -7.00%, indicating that the company's assets were not effectively utilized to generate profit during that period. However, there was a significant improvement in ROA in 2024, reaching 4.33%.
The highest ROA in the past five years was observed in 2022 at 18.44%, suggesting that the company was able to generate substantial profits relative to its total assets during that year. This positive trend continued in 2021 and 2020 with ROA values of 15.15% and 11.24% respectively.
Overall, Seagate Technology PLC's ROA has shown variability over the years, with fluctuations indicating changes in the efficiency of the company in generating profits from its assets. Investors and analysts may need to closely monitor future ROA trends to assess the company's performance and operational efficiency.
Peer comparison
Jun 30, 2024