Seagate Technology PLC (STX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 1,821,000 | 1,696,000 | 1,762,000 |
| 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 |
| ROA | 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% | 20.63% | 18.99% | 20.16% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $335,000K ÷ $7,739,000K
= 4.33%
Seagate Technology PLC's return on assets (ROA) has exhibited significant fluctuations over the past few quarters. The ROA was negative in the first quarter of fiscal year 2022, improved to 7.86% in the second quarter, and further increased to 13.38% in the third quarter. In the fourth quarter of fiscal year 2022, the ROA reached its peak at 18.44%, indicating strong efficiency in asset utilization.
However, the ROA started declining in the subsequent quarters, dropping to 11.24% in the first quarter of fiscal year 2020. This downward trend continued into the second and third quarters of fiscal year 2020, with the ROA ranging from 11.01% to 11.59%. The ROA then showed a significant improvement in the fourth quarter of fiscal year 2020, reaching 20.63%.
Overall, Seagate Technology PLC's ROA has shown volatility, with periods of both strong performance and challenges in asset efficiency. It is important for investors and analysts to monitor these fluctuations closely to assess the company's ability to generate returns from its assets effectively.
Peer comparison
Jun 30, 2024