Palo Alto Networks Inc (PANW)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,451,600 | 2,346,300 | 2,240,600 | 2,140,500 | 2,059,200 | 1,992,300 | 1,953,500 | 1,920,600 | 1,909,700 | 1,895,200 | 1,860,900 | 1,800,000 | 1,718,700 | 1,585,300 | 1,475,400 | 1,377,700 | 1,274,900 | 1,206,400 | 1,134,100 | 1,059,600 |
| Inventory | US$ in thousands | — | — | — | — | 0 | — | 0 | 328,700 | 339,200 | 317,300 | 313,400 | 381,100 | 0 | — | — | — | — | — | — | 0 |
| Inventory turnover | — | — | — | — | — | — | — | 5.84 | 5.63 | 5.97 | 5.94 | 4.72 | — | — | — | — | — | — | — | — |
July 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,451,600K ÷ $—K
= —
The inventory turnover ratio for Palo Alto Networks Inc. was not available for the fiscal periods prior to October 31, 2022. Starting from October 31, 2022, the ratio was reported at 4.72. It showed a notable increase in the subsequent periods, reaching 5.94 on January 31, 2023, and further rising slightly to 5.97 on April 30, 2023. The ratio then experienced a modest decline to 5.63 on July 31, 2023, before increasing again to 5.84 on October 31, 2023.
This trend indicates that beginning in late 2022, the company experienced an improvement in inventory management efficiency, as reflected by higher turnover ratios. The fluctuations within the 2023 periods suggest some variability but generally point toward better inventory utilization. The ratio surpassing 5.9 in April 2023 signifies a relatively efficient turnover, reducing the amount of time inventory remains in stock before being sold. The slight decrease in July 2023 was followed by an increase in October, indicating a stabilization or slight improvement in inventory management.
Overall, the data suggests that Palo Alto Networks Inc. enhanced its inventory turnover efficiency starting from late 2022, indicating more effective inventory management and possibly an increase in sales relative to inventory held during this period.