Western Digital Corporation (WDC)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	-798,000	-1,684,000	1,500,000	821,000	-250,000
Total assets	US$ in thousands	24,188,000	24,546,000	26,259,000	26,132,000	25,662,000
ROA		-3.30%	-6.86%	5.71%	3.14%	-0.97%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $-798,000K ÷ $24,188,000K
= -3.30%

Western Digital Corporation's return on assets (ROA) has been fluctuating over the past five years, ranging from a low of -6.86% in June 2023 to a high of 5.71% in June 2022. The negative ROA figures in 2020, 2021, and 2024 indicate that the company is experiencing challenges in generating profits from its assets. However, the positive ROA in 2022 suggests that the company was able to efficiently use its assets to generate profits during that period. Overall, the trend in ROA for Western Digital Corporation shows volatility and instability in its ability to generate returns from its assets.