Western Digital Corporation (WDC)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	13,279,000	14,438,000	15,601,000	14,348,000	13,003,000	11,911,000	11,257,000	11,332,000	12,318,000	14,174,000	15,752,000	17,478,000	18,793,000	19,185,000	18,941,000	18,051,000	16,922,000	16,289,000	16,327,000	16,618,000
Total assets	US$ in thousands	14,002,000	16,368,000	25,456,000	24,771,000	24,188,000	23,801,000	24,385,000	24,001,000	24,429,000	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
Total asset turnover		0.95	0.88	0.61	0.58	0.54	0.50	0.46	0.47	0.50	0.56	0.63	0.68	0.72	0.75	0.73	0.68	0.65	0.64	0.64	0.65

June 30, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,279,000K ÷ $14,002,000K
= 0.95

The total asset turnover ratio for Western Digital Corporation demonstrates notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, from September 2020 to March 2021, the ratio remained relatively stable around 0.64 to 0.65, indicating a consistent level of asset utilization in generating sales. During the subsequent year, there was a gradual increase, reaching a peak of approximately 0.75 by March 2022, suggesting an improved efficiency in asset utilization and possibly higher sales relative to assets.

Following this peak, the ratio experienced a declining trend, dropping below 0.50 by September 2023, which could imply diminishing efficiency in asset utilization or a shift in business activities that impacted sales relative to assets. This downward trajectory persisted into 2024, with ratios stabilizing around 0.46 to 0.54, indicating sustained lower efficiency levels.

However, a significant turnaround is observed starting in March 2025, where the ratio approaches 0.88, and by June 2025, it further increases to 0.95. This rapid escalation suggests a considerable improvement in asset utilization efficiency or an increase in sales relative to asset base during this period.

Overall, the trend indicates periods of both growth and decline in asset efficiency, with a notable recovery and upward movement commencing in early 2025. This pattern may reflect underlying operational changes, strategic shifts, or external market factors affecting asset productivity over the analyzed timeframe.