Western Digital Corporation (WDC)

Total asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	9,520,000	13,003,000	12,318,000	18,793,000	16,922,000
Total assets	US$ in thousands	14,002,000	24,188,000	24,429,000	26,259,000	26,132,000
Total asset turnover		0.68	0.54	0.50	0.72	0.65

June 30, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $9,520,000K ÷ $14,002,000K
= 0.68

The total asset turnover ratio for Western Digital Corporation reflects variations over the specified periods, indicating shifts in the efficiency of asset utilization to generate sales. As of June 30, 2021, the ratio was 0.65, suggesting that for every dollar invested in assets, the company generated 65 cents in sales. This ratio increased to 0.72 by June 30, 2022, signaling improved utilization of assets to produce revenue.

However, by June 30, 2023, the ratio declined significantly to 0.50, indicating a decrease in asset efficiency, wherein the company generated only 50 cents in sales per dollar of assets. This downward trend continued into June 30, 2024, with the ratio increasing modestly to 0.54, suggesting a slight recovery or improved asset efficiency, but still below the 2022 peak.

In the most recent period, June 30, 2025, the ratio further increased to 0.68, approaching the 2021 levels. This upward trend indicates a notable improvement in asset utilization efficiency over the last year, although it has yet to fully return to or exceed the previous peak observed in mid-2022.

Overall, the data portray a pattern of fluctuating asset efficiency, with a significant dip in 2023 followed by a gradual recovery by 2025. These movements may correspond to operational, strategic, or external factors impacting sales generation relative to the company's asset base.