Palo Alto Networks Inc (PANW)
Fixed asset turnover
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,221,500 | 8,027,500 | 6,892,700 | 5,501,500 | 4,256,100 |
| Property, plant and equipment | US$ in thousands | — | — | 354,500 | 599,800 | 581,300 |
| Fixed asset turnover | — | — | 19.44 | 9.17 | 7.32 |
July 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,221,500K ÷ $—K
= —
The fixed asset turnover ratio for Palo Alto Networks Inc. reflects significant changes over the observed period. As of July 31, 2021, the ratio was 7.32, indicating that the company generated approximately $7.32 in revenue for every dollar invested in fixed assets. By July 31, 2022, this ratio increased to 9.17, suggesting an improvement in the efficiency with which the company utilizes its fixed assets to generate sales.
The most notable change is observed by July 31, 2023, when the fixed asset turnover ratio sharply rose to 19.44. This substantial increase indicates that Palo Alto Networks significantly enhanced its asset utilization efficiency during this period, potentially through operational improvements, asset optimization, or increased revenue generation relative to its fixed asset base.
Data for subsequent years, July 31, 2024, and July 31, 2025, are not available or recorded as missing, leaving the trend only up to July 31, 2023. Nonetheless, the trend observed from 2021 to 2023 shows a trajectory of accelerated asset productivity, which could reflect better capital management or operational scaling.
Overall, the progression of the fixed asset turnover ratio demonstrates that Palo Alto Networks has markedly improved its efficiency in deploying fixed assets to drive revenue growth over this period.