Palo Alto Networks Inc (PANW)

Fixed asset turnover

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Revenue	US$ in thousands	8,027,700	6,857,600	5,475,900	4,087,400	3,313,000
Property, plant and equipment	US$ in thousands	361,100	354,500	357,800	318,400	348,100
Fixed asset turnover		22.23	19.34	15.30	12.84	9.52

July 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,027,700K ÷ $361,100K
= 22.23

The fixed asset turnover ratio for Palo Alto Networks Inc has been showing a consistent upward trend over the past five years, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The ratio has increased from 9.52 in July 2020 to 22.23 in July 2024. This suggests that the company has been able to generate $22.23 in revenue for each dollar invested in fixed assets in the most recent fiscal year, reflecting a significant enhancement in asset utilization efficiency. Overall, the increasing trend in fixed asset turnover signifies that Palo Alto Networks Inc has been effectively managing and utilizing its fixed assets to drive revenue growth.