Analysis of Revenues
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Analysis of Debt
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Revenues as Reported
Western Digital Corp., income statement, revenues
US$ in millions
| 12 months ended: | Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 28, 2019 | Jun 29, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cloud | |||||||||||||
| Client | |||||||||||||
| Consumer | |||||||||||||
| Revenue |
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).
- Overall Revenue Trend
- The total revenue exhibited moderate growth between 2020 and 2021, increasing from 16,736 million USD to 16,922 million USD. The upward movement continued into 2022, reaching 18,793 million USD. However, in 2023, revenue declined sharply to 12,318 million USD, indicating a significant contraction in the most recent year.
- Cloud Segment
- The Cloud segment revenue first appears in 2020 with 7,018 million USD. It then decreased to 5,723 million USD in 2021, rebounded strongly to 8,017 million USD in 2022, and subsequently declined to 5,252 million USD in 2023. This pattern suggests volatility within this segment across the available periods, with no consistent growth trajectory.
- Client Segment
- The Client segment showed initial growth from 6,335 million USD in 2020 to 7,281 million USD in 2021, followed by a slight decline to 7,076 million USD in 2022. In 2023, the segment experienced a considerable decrease to 4,328 million USD, mirroring the general downturn in the overall revenue.
- Consumer Segment
- The Consumer segment experienced steady growth from 3,383 million USD in 2020 to 3,918 million USD in 2021, then a marginal decline to 3,700 million USD in 2022. In 2023, this segment also saw a notable drop to 2,738 million USD, contributing to the overall reduction in total revenue.
- Insights
- The data reveals that all three segments experienced growth or stability from 2020 through 2022, followed by a marked decrease in 2023. The Client and Consumer segments showed more gradual changes in the earlier years but significant declines in the last recorded period. The Cloud segment displayed more variability throughout the period. The sharp decline in 2023 revenue across segments may point to external market challenges or company-specific issues affecting performance.