Total Asset Turnover
since 2005
Calculation
Western Digital Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue, net1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jun 30, 2023 | 0.50 | = | 12,318) | ÷ | 24,429) |
| Jul 1, 2022 | 0.72 | = | 18,793) | ÷ | 26,259) |
| Jul 2, 2021 | 0.65 | = | 16,922) | ÷ | 26,132) |
| Jul 3, 2020 | 0.65 | = | 16,736) | ÷ | 25,662) |
| Jun 28, 2019 | 0.63 | = | 16,569) | ÷ | 26,370) |
| Jun 29, 2018 | 0.71 | = | 20,647) | ÷ | 29,235) |
| Jun 30, 2017 | 0.64 | = | 19,093) | ÷ | 29,860) |
| Jul 1, 2016 | 0.40 | = | 12,994) | ÷ | 32,862) |
| Jul 3, 2015 | 0.96 | = | 14,572) | ÷ | 15,181) |
| Jun 27, 2014 | 0.98 | = | 15,130) | ÷ | 15,499) |
| Jun 28, 2013 | 1.09 | = | 15,351) | ÷ | 14,036) |
| Jun 29, 2012 | 0.88 | = | 12,478) | ÷ | 14,206) |
| Jul 1, 2011 | 1.17 | = | 9,526) | ÷ | 8,118) |
| Jul 2, 2010 | 1.34 | = | 9,850) | ÷ | 7,328) |
| Jul 3, 2009 | 1.41 | = | 7,453) | ÷ | 5,291) |
| Jun 27, 2008 | 1.66 | = | 8,074) | ÷ | 4,875) |
| Jun 29, 2007 | 1.88 | = | 5,468) | ÷ | 2,901) |
| Jun 30, 2006 | 2.09 | = | 4,341) | ÷ | 2,073) |
| Jul 1, 2005 | 2.29 | = | 3,639) | ÷ | 1,589) |
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
The financial data reveals several notable trends over the analyzed periods concerning revenue, total assets, and total asset turnover.
- Revenue, net
- The net revenue exhibited an overall upward trend from 2005 through 2018, increasing from approximately $3.6 billion in 2005 to a peak nearing $20.6 billion in 2018. This growth indicates a substantial expansion in the company's operations or market demand over this timeframe. However, after 2018, the revenue shows a decline, with fluctuations observed through to 2023, eventually decreasing to around $12.3 billion. This recent downward trend suggests challenges such as market saturation, competitive pressures, or other operational difficulties impacting sales performance.
- Total assets
- Total assets grew significantly from about $1.6 billion in 2005 reaching approximately $32.9 billion in 2016, indicating considerable investments and asset accumulation. Thereafter, total assets decreased gradually, settling near $24.4 billion by 2023. This decrease may reflect asset disposals, impairments, or efficiency-driven downsizing. Despite the reduction, the asset base remains substantially larger than in the early years, pointing to a long-term growth in the company's scale.
- Total asset turnover
- The total asset turnover ratio, which measures how efficiently the company uses its assets to generate revenue, demonstrated a declining trend from 2.29 in 2005 to 0.4 in 2016, indicating a reduction in operational efficiency or a change in business model requiring more asset investment per revenue dollar. Post-2016, there was a moderate recovery to a ratio around 0.72 in 2022, before dropping again to 0.5 in 2023. Overall, the company's asset utilization has become less efficient compared to the early years, although some improvement was noted after 2016 before recent declines.
In summary, although the company experienced significant growth in revenue and assets over the initial period, recent years have seen a contraction in revenue and asset base accompanied by fluctuating efficiency in asset utilization. This pattern highlights potential strategic or market challenges impacting financial performance and operational effectiveness in the more recent timeframe.
Comparison to Competitors
Western Digital Corp., total asset turnover, 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 | 0.50 | 1.09 | 0.59 | 0.56 | 1.14 | 1.94 |
| Jul 1, 2022 | 0.72 | 1.12 | 0.65 | 0.55 | 1.09 | 1.62 |
| Jul 2, 2021 | 0.65 | 1.04 | 0.51 | 0.51 | 0.76 | 1.59 |
| Jul 3, 2020 | 0.65 | 0.85 | 0.49 | 0.52 | 0.78 | 1.74 |
| Jun 28, 2019 | 0.63 | 0.77 | 0.58 | 0.53 | 0.81 | 2.08 |
| Jun 29, 2018 | 0.71 | 0.73 | 0.70 | 0.45 | — | 1.90 |
| Jun 30, 2017 | 0.64 | 0.61 | 0.67 | 0.37 | — | 1.64 |
| Jul 1, 2016 | 0.40 | 0.67 | 0.65 | 0.40 | — | 1.90 |
| Jul 3, 2015 | 0.96 | 0.80 | 0.72 | 0.43 | — | 1.83 |
| Jun 27, 2014 | 0.98 | 0.79 | 0.72 | 0.45 | — | 1.84 |
| Jun 28, 2013 | 1.09 | 0.83 | — | 0.48 | — | 1.84 |
| Jun 29, 2012 | 0.88 | 0.89 | — | 0.50 | — | 1.72 |
| Jul 1, 2011 | 1.17 | 0.93 | — | 0.50 | — | 2.03 |
| Jul 2, 2010 | 1.34 | 0.87 | — | 0.49 | — | 1.95 |
| Jul 3, 2009 | 1.41 | 0.68 | — | 0.53 | — | 1.79 |
| Jun 27, 2008 | 1.66 | 0.82 | — | 0.67 | — | 2.04 |
| Jun 29, 2007 | 1.88 | 0.95 | — | 0.65 | — | 2.04 |
| Jun 30, 2006 | 2.09 | 1.12 | — | 0.66 | — | — |
| Jul 1, 2005 | 2.29 | 1.21 | — | 0.73 | — | — |
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., total asset turnover, long-term trends, comparison to sector (technology hardware & equipment)
| Western Digital Corp. | Technology Hardware & Equipment | |
|---|---|---|
| Jun 30, 2023 | 0.50 | 1.00 |
| Jul 1, 2022 | 0.72 | 1.01 |
| Jul 2, 2021 | 0.65 | 0.89 |
| Jul 3, 2020 | 0.65 | 0.77 |
| Jun 28, 2019 | 0.63 | 0.74 |
| Jun 29, 2018 | 0.71 | 0.67 |
| Jun 30, 2017 | 0.64 | 0.55 |
| Jul 1, 2016 | 0.40 | 0.60 |
| Jul 3, 2015 | 0.96 | 0.70 |
| Jun 27, 2014 | 0.98 | 0.69 |
| Jun 28, 2013 | 1.09 | 0.71 |
| Jun 29, 2012 | 0.88 | 0.76 |
| Jul 1, 2011 | 1.17 | 0.75 |
| Jul 2, 2010 | 1.34 | 0.68 |
| Jul 3, 2009 | 1.41 | 0.60 |
| Jun 27, 2008 | 1.66 | 0.74 |
| Jun 29, 2007 | 1.88 | 0.75 |
| Jun 30, 2006 | 2.09 | 0.79 |
| Jul 1, 2005 | 2.29 | 0.85 |
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., total asset turnover, long-term trends, comparison to industry (information technology)
| Western Digital Corp. | Information Technology | |
|---|---|---|
| Jun 30, 2023 | 0.50 | 0.61 |
| Jul 1, 2022 | 0.72 | 0.65 |
| Jul 2, 2021 | 0.65 | 0.62 |
| Jul 3, 2020 | 0.65 | 0.58 |
| Jun 28, 2019 | 0.63 | 0.59 |
| Jun 29, 2018 | 0.71 | 0.59 |
| Jun 30, 2017 | 0.64 | 0.51 |
| Jul 1, 2016 | 0.40 | 0.55 |
| Jul 3, 2015 | 0.96 | 0.63 |
| Jun 27, 2014 | 0.98 | 0.64 |
| Jun 28, 2013 | 1.09 | 0.66 |
| Jun 29, 2012 | 0.88 | 0.70 |
| Jul 1, 2011 | 1.17 | 0.73 |
| Jul 2, 2010 | 1.34 | 0.72 |
| Jul 3, 2009 | 1.41 | 0.69 |
| Jun 27, 2008 | 1.66 | 0.79 |
| Jun 29, 2007 | 1.88 | 0.76 |
| Jun 30, 2006 | 2.09 | 0.75 |
| Jul 1, 2005 | 2.29 | 0.77 |
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).