Western Digital Corporation (WDC)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	13,090,000	11,595,000	10,969,000	11,079,000	12,005,000	13,886,000	15,469,000	17,192,000	18,500,000	18,881,000	18,631,000	17,736,000	16,600,000	15,953,000	16,072,000	16,444,000	16,647,000	16,083,000	15,464,000	15,345,000
Total assets	US$ in thousands	24,188,000	23,801,000	24,385,000	24,001,000	24,546,000	25,151,000	25,047,000	25,686,000	26,259,000	25,699,000	26,025,000	26,391,000	26,132,000	25,409,000	25,552,000	25,402,000	25,662,000	25,509,000	25,860,000	26,280,000
Total asset turnover		0.54	0.49	0.45	0.46	0.49	0.55	0.62	0.67	0.70	0.73	0.72	0.67	0.64	0.63	0.63	0.65	0.65	0.63	0.60	0.58

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,090,000K ÷ $24,188,000K
= 0.54

The total asset turnover ratio for Western Digital Corporation has fluctuated over the past several quarters. The ratio has generally been declining from 0.58 in December 2019 to 0.54 in June 2024. This downward trend suggests that the company is generating less revenue for each dollar of assets it holds.

A total asset turnover ratio below 1 indicates that the company is not generating enough revenue from its assets. The decreasing trend observed in the ratio may indicate inefficiencies in asset utilization or a decrease in sales relative to the company's asset base.

It is important for Western Digital Corporation to closely monitor and improve its asset turnover ratio to ensure optimal utilization of assets and to boost revenue generation. Efforts to increase sales or optimize asset efficiency could potentially help improve the ratio in the future.