Seagate Technology PLC (STX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 1,004,000 |
| 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 |
| ROA | 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% | 11.24% |
March 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,494,000K ÷ $7,564,000K
= 19.75%
The analysis of Seagate Technology PLC's return on assets (ROA) over the period from June 2020 to March 2025 reveals notable fluctuations in profitability relative to the company's asset base. Initially, the ROA demonstrated a generally upward trend, beginning at approximately 11.24% as of June 30, 2020, and reaching a peak of around 20.28% by March 31, 2022. This increase suggests effective utilization of assets to generate earnings during this period.
Between March 2022 and September 2022, a decline in ROA is observed, decreasing from 20.28% to 13.38%. This downward movement continues more sharply in the subsequent periods, with ROA turning negative from March 2023 onward, indicating that the company was experiencing losses relative to its assets. Negative ROA figures of -2.02% in March 2023, -7.00% in June 2023, and further into -10.31% by September 2023 point to significant challenges or shifting operational conditions impacting profitability.
Despite the negative trend, starting from June 2024, a recovery phase emerges, with ROA transitioning from -3.80% to positive territory at 4.33% in June 2024, and further improving to 10.34%, then 14.81%, and reaching 19.75% by March 2025. This resurgence indicates a substantial improvement in asset efficiency and operational earnings, reflecting perhaps strategic adjustments, cost management, or market condition improvements.
In summary, Seagate's ROA experienced a period of growth until early 2022, followed by a sharp decline into losses by early 2023. The subsequent trend demonstrates a recovery trajectory, ultimately culminating in a robust return on assets by the first quarter of 2025. The pattern underscores significant volatility in asset profitability, influenced likely by industry dynamics, product cycles, market demand, and internal operational factors.
Peer comparison
Mar 31, 2025