Stock Analysis on Net

Western Digital Corp. (NASDAQ:WDC)

This company has been moved to the archive! The financial data has not been updated since February 12, 2024.

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

Western Digital Corp., asset turnover by geographic area

Microsoft Excel
Jun 30, 2023 Jul 1, 2022 Jul 2, 2021 Jul 3, 2020 Jun 28, 2019 Jun 29, 2018
United States 3.56 4.79 3.55 4.93 3.74 3.91
China 6.98 10.26 10.98 10.92 9.19 10.29
Rest of Asia 1.55 2.69 3.04 2.90 3.72 4.76
Europe, Middle East and Africa 44.68 62.43 69.57 57.37 57.57 65.39

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
China China area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Rest of Asia Rest of Asia area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Europe, Middle East and Africa Europe, Middle East and Africa area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: United States

Western Digital Corp.; United States; area asset turnover calculation

Microsoft Excel
Jun 30, 2023 Jul 1, 2022 Jul 2, 2021 Jul 3, 2020 Jun 28, 2019 Jun 29, 2018
Selected Financial Data (US$ in millions)
Net revenue 3,810 5,411 3,789 4,679 3,602 4,640
Long-lived assets 1,071 1,130 1,068 949 962 1,187
Area Activity Ratio
Area asset turnover1 3.56 4.79 3.55 4.93 3.74 3.91

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).

1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 3,810 ÷ 1,071 = 3.56

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Area Asset Turnover: China

Western Digital Corp.; China; area asset turnover calculation

Microsoft Excel
Jun 30, 2023 Jul 1, 2022 Jul 2, 2021 Jul 3, 2020 Jun 28, 2019 Jun 29, 2018
Selected Financial Data (US$ in millions)
Net revenue 2,773 4,525 4,339 4,075 3,861 4,393
Long-lived assets 397 441 395 373 420 427
Area Activity Ratio
Area asset turnover1 6.98 10.26 10.98 10.92 9.19 10.29

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).

1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 2,773 ÷ 397 = 6.98

Area activity ratio Geographic area The company
Area asset turnover China China area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Rest of Asia

Western Digital Corp.; Rest of Asia; area asset turnover calculation

Microsoft Excel
Jun 30, 2023 Jul 1, 2022 Jul 2, 2021 Jul 3, 2020 Jun 28, 2019 Jun 29, 2018
Selected Financial Data (US$ in millions)
Net revenue 3,273 5,529 5,116 4,291 5,238 6,774
Long-lived assets 2,105 2,053 1,681 1,481 1,407 1,422
Area Activity Ratio
Area asset turnover1 1.55 2.69 3.04 2.90 3.72 4.76

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).

1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 3,273 ÷ 2,105 = 1.55

Area activity ratio Geographic area The company
Area asset turnover Rest of Asia Rest of Asia area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Europe, Middle East and Africa

Western Digital Corp.; Europe, Middle East and Africa; area asset turnover calculation

Microsoft Excel
Jun 30, 2023 Jul 1, 2022 Jul 2, 2021 Jul 3, 2020 Jun 28, 2019 Jun 29, 2018
Selected Financial Data (US$ in millions)
Net revenue 2,100 2,872 3,061 2,926 3,109 3,858
Long-lived assets 47 46 44 51 54 59
Area Activity Ratio
Area asset turnover1 44.68 62.43 69.57 57.37 57.57 65.39

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).

1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 2,100 ÷ 47 = 44.68

Area activity ratio Geographic area The company
Area asset turnover Europe, Middle East and Africa Europe, Middle East and Africa area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Net revenue

Western Digital Corp., net revenue by geographic area

US$ in millions

Microsoft Excel
Jun 30, 2023 Jul 1, 2022 Jul 2, 2021 Jul 3, 2020 Jun 28, 2019 Jun 29, 2018
United States 3,810 5,411 3,789 4,679 3,602 4,640
China 2,773 4,525 4,339 4,075 3,861 4,393
Rest of Asia 3,273 5,529 5,116 4,291 5,238 6,774
Europe, Middle East and Africa 2,100 2,872 3,061 2,926 3,109 3,858
Other 362 456 617 765 759 982
Total 12,318 18,793 16,922 16,736 16,569 20,647

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).


Long-lived assets

Western Digital Corp., long-lived assets by geographic area

US$ in millions

Microsoft Excel
Jun 30, 2023 Jul 1, 2022 Jul 2, 2021 Jul 3, 2020 Jun 28, 2019 Jun 29, 2018
United States 1,071 1,130 1,068 949 962 1,187
China 397 441 395 373 420 427
Rest of Asia 2,105 2,053 1,681 1,481 1,407 1,422
Europe, Middle East and Africa 47 46 44 51 54 59
Total 3,620 3,670 3,188 2,854 2,843 3,095

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29).