Seagate Technology PLC (STX)
Return on total capital
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,267,000 | 1,865,000 | 1,573,000 | 1,233,000 | 780,000 | 134,000 | -315,000 | -488,000 | -336,000 | 56,000 | 775,000 | 1,427,000 | 1,914,000 | 2,084,000 | 2,071,000 | 1,848,000 | 1,513,000 | 1,208,000 | 1,189,000 | 1,223,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -453,000 | -829,000 | -1,079,000 | -1,300,000 | -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 |
| Return on total capital | — | — | — | — | — | — | — | — | — | — | — | — | 1,755.96% | 495.01% | 393.73% | 307.49% | 239.78% | 249.59% | 120.10% | 67.16% |
June 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,267,000K ÷ ($—K + $-453,000K)
= —
The analysis of Seagate Technology PLC's Return on Total Capital (ROTC) reveals significant fluctuations over the observed periods. In the fiscal year ending September 30, 2020, the ROTC stood at approximately 67.16%, indicating that the company was generating a substantial return relative to its total capital base. This figure notably increased to around 120.10% by the end of December 2020, reflecting improved operational performance or enhanced capital efficiency.
The upward trajectory accelerated markedly after this point, with the ROTC surging to approximately 249.59% in March 2021, and maintaining strong levels through June 2021 at about 239.78%. The continued upward trend became even more pronounced by September 2021, where the ROTC reached approximately 307.49%, suggesting increasing profitability and effective utilization of capital assets.
By the end of 2021, the ROTC further expanded to roughly 393.73%, indicating sustained performance improvements. The trend persisted into March 2022, where the return escalated to approximately 495.01%. A notable spike was observed in June 2022, with the ROTC soaring to approximately 1,755.96%, signaling a dramatic enhancement in profitability or capital efficiency, likely driven by significant operational gains, asset optimization, or strategic initiatives.
Subsequent data points after June 2022 are not available, as the records show missing entries for the periods ending September 2022 through June 2025. This absence of data implies that ongoing calculation or reporting of ROTC was either discontinued, adjusted due to organizational changes, or temporarily unavailable during this interim period.
Overall, the historical data up to mid-2022 depict a period of rapid growth in the company's return on total capital, culminating in exceptional levels. Such substantial increases typically reflect periods of strong earnings, effective capital management, or one-time gains, but also warrant cautious interpretation relative to industry conditions and accounting practices. The subsequent lack of data precludes further analysis of longer-term trends or performance stability beyond June 2022.
Peer comparison
Jun 30, 2025