Seagate Technology PLC (STX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | -1,491,000 | -1,889,000 | -1,814,000 | -1,702,000 | -1,199,000 | -1,004,000 | -470,000 | -351,000 | 109,000 | 421,000 | 526,000 | 601,000 | 631,000 | 484,000 | 990,000 | 1,821,000 | 1,787,000 | 1,792,000 | 1,830,000 | 1,770,000 |
| ROE | — | — | — | — | — | — | — | — | 1,512.84% | 440.62% | 349.43% | 269.05% | 208.24% | 206.20% | 99.90% | 56.40% | 56.18% | 101.62% | 92.68% | 99.55% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $335,000K ÷ $-1,491,000K
= —
Seagate Technology PLC's return on equity (ROE) has shown a fluctuating trend over the past few quarters. The ROE was not available for the most recent quarter ending June 30, 2024, but looking back, the company saw exceptionally high ROE levels in the quarters leading up to this date. Notably, the ROE spiked to 1,512.84% in the quarter ending June 30, 2022, which was significantly above historical levels.
Overall, the ROE for Seagate has been volatile, with varying levels of profitability and efficiency in generating returns on shareholders' equity. It appears that the company has experienced periods of very high ROE, indicating strong profitability relative to its equity base. Investors should monitor future financial reports to assess whether Seagate can sustain or improve upon these ROE levels in the coming periods.
Peer comparison
Jun 30, 2024