Palo Alto Networks Inc (PANW)

Inventory turnover

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Cost of revenue	US$ in thousands	5,655,100	5,006,300	4,399,500	3,537,600	2,896,600
Inventory	US$ in thousands	0	339,200	0	—	0
Inventory turnover		—	14.76	—	—	—

July 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $5,655,100K ÷ $0K
= —

Based on the provided data, Palo Alto Networks Inc's inventory turnover ratio for the fiscal year ending July 31, 2023, was reported at 14.76 times. This indicates that the company's inventory was sold and replaced approximately 14.76 times during that specific period.

However, without additional data for the other years, it is challenging to provide a trend analysis over multiple years. A higher inventory turnover ratio generally suggests strong sales and efficient inventory management. This can be positive as it indicates that the company is effectively managing its inventory levels, reducing the risk of obsolete stock and minimizing storage costs.

It would be beneficial to analyze inventory turnover ratios for additional years to identify any patterns or trends in Palo Alto Networks Inc's inventory management practices and performance over time.