Seagate Technology PLC (STX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | -1,491,000 | -1,199,000 | 109,000 | 631,000 | 1,787,000 |
| ROE | — | — | 1,512.84% | 208.24% | 56.18% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $335,000K ÷ $-1,491,000K
= —
Seagate Technology PLC's return on equity (ROE) has exhibited a significant upward trend over the past five years. The ROE for the company increased from 56.18% in 2020 to 208.24% in 2021 and further surged to an exceptional level of 1,512.84% in 2022. However, the ROE figures for 2023 and 2024 are not provided in the data. This substantial improvement in ROE signifies that Seagate Technology PLC has effectively utilized shareholder equity to generate profits during the period under consideration. The company's ability to generate higher returns on the equity invested indicates efficient management and effective utilization of resources, which may be attributed to factors such as strong operational performance, effective cost management, improved profitability, and potential financial leverage.
Peer comparison
Jun 30, 2024