Seagate Technology PLC (STX)
Return on assets (ROA)
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,469,000 | 1,494,000 | 1,179,000 | 824,000 | 335,000 | -270,000 | -728,000 | -742,000 | -529,000 | -161,000 | 618,000 | 1,152,000 | 1,649,000 | 1,855,000 | 1,838,000 | 1,617,000 | 1,314,000 | 998,000 | 989,000 | 1,027,000 |
| Total assets | US$ in thousands | 8,023,000 | 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 |
| ROA | 18.31% | 19.75% | 14.81% | 10.34% | 4.33% | -3.80% | -10.18% | -10.31% | -7.00% | -2.02% | 7.86% | 13.38% | 18.44% | 20.28% | 19.61% | 18.77% | 15.15% | 11.60% | 11.01% | 11.59% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,469,000K ÷ $8,023,000K
= 18.31%
Seagate Technology PLC's return on assets (ROA) has exhibited significant fluctuations over the analyzed period, reflecting underlying operational and financial dynamics. During the fiscal year ending September 30, 2020, the ROA stood at approximately 11.59%, indicating moderate efficiency in generating profit from its asset base. This ratio experienced a slight decline to 11.01% by December 31, 2020, and remained relatively stable at 11.60% by the end of March 2021.
A notable upward trend commenced in the fiscal year ending June 30, 2021, with ROA progressing to 15.15%, followed by a substantial increase to 18.77% by September 30, 2021, and further to 19.61% at year-end 2021. This upward trajectory continued into March 2022, hitting 20.28%, which suggests improved operational efficiency and profitability relative to assets during that period. However, this positive momentum was not sustained; the ROA declined to 18.44% by June 30, 2022, and further dropped to 13.38% by September 2022.
The subsequent quarters marked a dramatic deterioration, with ROA plummeting to 7.86% at the close of 2022 and turning negative at -2.02% by March 2023. This negative territory persisted and deepened, with ROA reaching -7.00% at June 2023, and further declining to -10.31% by September 2023, then slightly improving to -10.18% at year-end 2023. The negative figures suggest a period of significant challenges, potentially reflecting operational losses, asset impairments, or strategic shifts affecting profitability relative to assets.
Moving into the second quarter of 2024, the ROA improved to -3.80%, indicating some recovery effort or restructuring impact. Positive trend resumed, with ROA rising to 4.33% in June 2024, and further increasing to 10.34% in September 2024. This upward recovery continued, reaching 14.81% at the end of 2024, and further climbing to approximately 19.75% by March 2025, though slightly receding to 18.31% by June 2025.
Overall, the ROA of Seagate Technology PLC illustrates periods of growth and recovery juxtaposed with phases of significant decline, culminating in negative values during the most recent years, which indicate challenges in generating profitability from its assets. The recent uptrend suggests a positive outlook and potential for operational improvements, although the historical volatility underscores a cycle of instability and the importance of continued strategic adjustments.
Peer comparison
Jun 30, 2025