Seagate Technology PLC (STX)
Return on equity (ROE)
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,469,000 | 335,000 | -529,000 | 1,649,000 | 1,314,000 |
| Total stockholders’ equity | US$ in thousands | -453,000 | -1,491,000 | -1,199,000 | 109,000 | 631,000 |
| ROE | — | — | — | 1,512.84% | 208.24% |
June 30, 2025 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,469,000K ÷ $-453,000K
= —
The provided data indicates that Seagate Technology PLC experienced a highly variable return on equity (ROE) over the reported periods. As of June 30, 2021, the ROE stood at approximately 208.24%. This figure significantly increased to approximately 1,512.84% by June 30, 2022, representing a substantial escalation in the company's profitability relative to shareholders’ equity during that period.
The dramatic rise in ROE between 2021 and 2022 suggests several potential underlying factors, such as a notable increase in net income, a reduction in shareholders’ equity, or a combination of both. It might also reflect financial engineering strategies or extraordinary earnings events. However, without additional context or detailed financial statement data, the precise causes cannot be ascertained solely from the ROE figures.
For the subsequent periods ending June 30, 2023, June 30, 2024, and June 30, 2025, the data does not provide values (denoted by dashes). This absence could indicate that the calculations were not performed, the data was not available, or the metrics were not reported during these periods. Consequently, it is not possible to evaluate trends or the ongoing performance based solely on the provided information after the 2022 figure.
In summary, the historical ROE demonstrated a remarkable spike in 2022 following the 2021 figure, highlighting a period of exceptional profitability or capital efficiency. However, the lack of subsequent data precludes a comprehensive long-term analysis or assessment of whether the company's ROE has stabilized, declined, or continued to fluctuate beyond 2022.
Peer comparison
Jun 30, 2025