Return on Assets (ROA)
since 2005
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Western Digital Corp. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Book Value (P/BV) since 2005
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Calculation
Western Digital Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2023 | = | 100 | × | ÷ | |||
| Jul 1, 2022 | = | 100 | × | ÷ | |||
| Jul 2, 2021 | = | 100 | × | ÷ | |||
| Jul 3, 2020 | = | 100 | × | ÷ | |||
| Jun 28, 2019 | = | 100 | × | ÷ | |||
| Jun 29, 2018 | = | 100 | × | ÷ | |||
| Jun 30, 2017 | = | 100 | × | ÷ | |||
| Jul 1, 2016 | = | 100 | × | ÷ | |||
| Jul 3, 2015 | = | 100 | × | ÷ | |||
| Jun 27, 2014 | = | 100 | × | ÷ | |||
| Jun 28, 2013 | = | 100 | × | ÷ | |||
| Jun 29, 2012 | = | 100 | × | ÷ | |||
| Jul 1, 2011 | = | 100 | × | ÷ | |||
| Jul 2, 2010 | = | 100 | × | ÷ | |||
| Jul 3, 2009 | = | 100 | × | ÷ | |||
| Jun 27, 2008 | = | 100 | × | ÷ | |||
| Jun 29, 2007 | = | 100 | × | ÷ | |||
| Jun 30, 2006 | = | 100 | × | ÷ | |||
| Jul 1, 2005 | = | 100 | × | ÷ |
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), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).
1 US$ in millions
- Net Income (Loss)
- The net income exhibited significant fluctuations throughout the periods analyzed. Initially, there was a consistent upward trend from 198 million USD in 2005 to a peak of 1,617 million USD in 2014. However, post-2014, the net income shows substantial volatility with notable declines, including a sharp drop to negative 754 million USD in 2019 and negative 1,706 million USD in 2023, indicating periods of financial losses.
- Total Assets
- Total assets demonstrated a general upward trend from 1,589 million USD in 2005, reaching a remarkable peak of 32,862 million USD in 2016. After this peak, assets slightly decreased and then stabilized around the mid-20,000 million USD range till 2023. Despite minor fluctuations, the asset base remained significantly larger compared to the earlier years, suggesting growth in the company's resource base over the long term.
- Return on Assets (ROA)
- The Return on Assets ratio showed variability correlated with the trends in net income. ROA was relatively high and stable in earlier years, peaking at 19.44% in 2007 and maintaining double-digit levels until 2010. From 2011 onwards, ROA declined sharply, with values dropping below 2% frequently and turning negative in 2019 and 2023. This indicates decreasing efficiency in asset utilization to generate profits, especially during years with negative net income.
- Overall Analysis
- The data outlines an initial phase of strong growth and profitability, with increasing net income and asset base, and substantial returns on assets. Starting around 2015, both profitability and ROA show increased volatility and a downward trend, including significant losses in recent years. Total assets, despite some reduction post-2016, remained elevated relative to the early period, suggesting substantial investment or acquisitions. The sharp decline in ROA and net income losses in 2019 and 2023 imply operational or market challenges impacting financial performance and asset efficiency during these years.
Comparison to Competitors
Western Digital Corp., ROA, long-term trends, comparison to competitors
| Western Digital Corp. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Jun 30, 2023 | ||||||
| Jul 1, 2022 | ||||||
| Jul 2, 2021 | ||||||
| Jul 3, 2020 | ||||||
| Jun 28, 2019 | ||||||
| Jun 29, 2018 | ||||||
| Jun 30, 2017 | ||||||
| Jul 1, 2016 | ||||||
| Jul 3, 2015 | ||||||
| Jun 27, 2014 | ||||||
| Jun 28, 2013 | ||||||
| Jun 29, 2012 | ||||||
| Jul 1, 2011 | ||||||
| Jul 2, 2010 | ||||||
| Jul 3, 2009 | ||||||
| Jun 27, 2008 | ||||||
| Jun 29, 2007 | ||||||
| Jun 30, 2006 | ||||||
| Jul 1, 2005 |
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), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).
Comparison to Sector (Technology Hardware & Equipment)
Western Digital Corp., ROA, long-term trends, comparison to sector (technology hardware & equipment)
| Western Digital Corp. | Technology Hardware & Equipment | |
|---|---|---|
| Jun 30, 2023 | ||
| Jul 1, 2022 | ||
| Jul 2, 2021 | ||
| Jul 3, 2020 | ||
| Jun 28, 2019 | ||
| Jun 29, 2018 | ||
| Jun 30, 2017 | ||
| Jul 1, 2016 | ||
| Jul 3, 2015 | ||
| Jun 27, 2014 | ||
| Jun 28, 2013 | ||
| Jun 29, 2012 | ||
| Jul 1, 2011 | ||
| Jul 2, 2010 | ||
| Jul 3, 2009 | ||
| Jun 27, 2008 | ||
| Jun 29, 2007 | ||
| Jun 30, 2006 | ||
| Jul 1, 2005 |
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), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).
Comparison to Industry (Information Technology)
Western Digital Corp., ROA, long-term trends, comparison to industry (information technology)
| Western Digital Corp. | Information Technology | |
|---|---|---|
| Jun 30, 2023 | ||
| Jul 1, 2022 | ||
| Jul 2, 2021 | ||
| Jul 3, 2020 | ||
| Jun 28, 2019 | ||
| Jun 29, 2018 | ||
| Jun 30, 2017 | ||
| Jul 1, 2016 | ||
| Jul 3, 2015 | ||
| Jun 27, 2014 | ||
| Jun 28, 2013 | ||
| Jun 29, 2012 | ||
| Jul 1, 2011 | ||
| Jul 2, 2010 | ||
| Jul 3, 2009 | ||
| Jun 27, 2008 | ||
| Jun 29, 2007 | ||
| Jun 30, 2006 | ||
| Jul 1, 2005 |
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), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).