Stock Analysis on Net
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.

Common-Size Balance Sheet: Assets 

Western Digital Corp., common-size consolidated balance sheet: assets

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Jun 30, 2023 Jul 1, 2022 Jul 2, 2021 Jul 3, 2020 Jun 28, 2019 Jun 29, 2018
Cash and cash equivalents 8.28 8.86 12.90 11.88 13.10 17.12
Accounts receivable, net 6.54 10.68 8.64 9.27 4.57 7.51
Inventories 15.14 13.85 13.84 11.96 12.45 10.07
Other current assets 2.32 2.60 1.97 2.15 2.03 1.68
Current assets 32.28% 36.00% 37.34% 35.26% 32.15% 36.39%
Property, plant and equipment, net 14.82 13.98 12.20 11.12 10.78 10.59
Notes receivable and investments in Flash Ventures 5.31 5.32 6.07 7.31 10.58 7.20
Goodwill 41.09 38.24 38.52 39.23 38.21 34.46
Other intangible assets, net 0.33 0.81 1.69 3.67 6.49 9.17
Other non-current assets 6.18 5.66 4.18 3.42 1.79 2.20
Non-current assets 67.72% 64.00% 62.66% 64.74% 67.85% 63.61%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Cash and cash equivalents
Displayed a declining trend over the periods, decreasing from 17.12% in June 2018 to 8.28% in June 2023 as a percentage of total assets, indicating a reduction in liquidity reserves relative to the asset base.
Accounts receivable, net
Fluctuated notably, starting at 7.51% in June 2018, dropping to 4.57% in June 2019, then rising back to 10.68% in July 2022 before falling again to 6.54% in June 2023. This indicates variability in credit sales or collection efficiency over time.
Inventories
Showed a general upward trajectory, increasing from 10.07% in June 2018 to 15.14% in June 2023. This reflects increased investment in inventory relative to assets, which could suggest expectations of higher sales or potential buildup of unsold stock.
Other current assets
Maintained a relatively stable range with minor fluctuations, moving from 1.68% in June 2018 to 2.32% in June 2023.
Current assets
Remained fairly consistent, fluctuating between 32.15% and 37.34%, ending at 32.28% in June 2023. This consistency suggests a stable management of short-term asset composition.
Property, plant and equipment, net
Exhibited a steady increase from 10.59% in June 2018 to 14.82% in June 2023, implying ongoing capital expenditure and asset base expansion in fixed assets.
Notes receivable and investments in Flash Ventures
Showed variability, peaking at 10.58% in June 2019 but declining gradually to 5.31% in June 2023, signaling possible divestment or reduced financial receivables in this category.
Goodwill
Maintained a high proportion of total assets, rising from 34.46% in June 2018 to 41.09% in June 2023, highlighting a significant asset component potentially linked to acquisitions and intangible asset recognition.
Other intangible assets, net
Declared a considerable decrease from 9.17% in June 2018 down to 0.33% in June 2023, which may indicate amortization, impairment, or divestiture of intangible assets.
Other non-current assets
Gradually increased from 2.2% in June 2018 to 6.18% in June 2023, suggesting a rising share of auxiliary long-term assets.
Non-current assets
Remained the dominant portion of total assets, varying within a range of 62.66% to 67.85%, ending at 67.72% in June 2023, consistent with a capital-intensive asset structure.