Analysis of Geographic Areas
Western Digital Corp. operates in 4 regions: United States; China; Rest of Asia; and Europe, Middle East and Africa.
Area Asset Turnover
Western Digital Corp., asset turnover by geographic area
| 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
| 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
| 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
| 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
| 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
| 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
| 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).