Palo Alto Networks Inc (PANW)
Fixed asset turnover
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,221,500 | 8,874,700 | 8,570,500 | 8,288,200 | 8,027,500 | 7,791,300 | 7,527,400 | 7,207,400 | 6,892,700 | 6,489,900 | 6,155,700 | 5,817,500 | 5,501,500 | 5,170,300 | 4,857,500 | 4,557,500 | 4,256,100 | 3,987,200 | 3,782,700 | 3,582,500 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | — | 354,500 | 341,700 | 344,700 | 614,100 | 599,800 | 355,600 | 601,500 | 324,300 | 581,300 | 322,700 | 330,700 | 337,900 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | 19.44 | 18.99 | 17.86 | 9.47 | 9.17 | 14.54 | 8.08 | 14.05 | 7.32 | 12.36 | 11.44 | 10.60 |
July 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,221,500K ÷ $—K
= —
The fixed asset turnover ratio of Palo Alto Networks Inc. demonstrates notable fluctuations over the observed periods. Between October 31, 2020, and April 30, 2021, the ratio increased from 10.60 to 12.36, indicating that the company's efficiency in generating revenue from its fixed assets improved during this period. A subsequent decline is observed in July 2021, when the ratio dropped sharply to 7.32, suggesting a temporary reduction in asset utilization efficiency.
The ratio then experienced a significant rebound, reaching 14.05 by October 31, 2021, and declining again in January 2022 to 8.08. From April 2022 onward, the ratio resumed a strong upward trend, attaining 14.54 in April 2022, followed by a decrease to 9.17 in July 2022, and a marginal increase to 9.47 by October 2022. The most pronounced improvement is noted from January 2023 onwards: the ratio surged to 17.86, continued rising to 18.99 in April 2023, and further increased to 19.44 in July 2023. This consistent upward trajectory indicates a substantial enhancement in the company's efficiency in utilizing its fixed assets to generate revenue.
Overall, the data shows periods of volatility with peaks in late 2021 and mid-2023, suggesting that the company's fixed asset utilization efficiency has been generally improving in recent periods. However, the data for the most recent periods (post-July 2023) is not available, which limits observation of ongoing trends. The significant increases in the ratio toward the latest reported periods may reflect strategic investments in fixed assets, improved operational efficiency, or a combination of both.
See also:
Palo Alto Networks Inc Net Fixed Asset Turnover (Quarterly Data)