Palo Alto Networks Inc (PANW)
Total 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 |
| Total assets | US$ in thousands | 23,576,200 | 22,002,800 | 20,951,700 | 20,374,600 | 19,990,900 | 17,930,800 | 18,292,000 | 14,808,500 | 14,501,100 | 14,170,500 | 13,163,400 | 12,543,800 | 12,253,600 | 11,100,000 | 10,400,500 | 10,426,400 | 10,241,600 | 9,562,100 | 9,488,400 | 8,726,500 |
| Total asset turnover | 0.39 | 0.40 | 0.41 | 0.41 | 0.40 | 0.43 | 0.41 | 0.49 | 0.48 | 0.46 | 0.47 | 0.46 | 0.45 | 0.47 | 0.47 | 0.44 | 0.42 | 0.42 | 0.40 | 0.41 |
July 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,221,500K ÷ $23,576,200K
= 0.39
The total asset turnover ratio for Palo Alto Networks Inc. has exhibited fluctuations over the analyzed period from October 2020 to July 2025. Initially, the ratio was approximately 0.41 in October 2020, indicating that the company generated sales revenue equivalent to 41% of its total assets during that quarter. Throughout 2021 and into early 2022, the ratio displayed a gradual upward trend, reaching a peak of 0.47 in January 2022, which suggests an improvement in asset utilization efficiency—per dollar of assets, the company was able to generate more sales.
Between 2022 and early 2023, the ratio maintained a relatively stable level around 0.45 to 0.47, with minor variations, reflecting consistent asset utilization. After this period, a slight decline commenced, with the ratio decreasing to about 0.40 in July 2023, then rising again subtly towards October 2023 to approximately 0.49, indicating periods of slight volatility in asset efficiency.
From late 2023 through mid-2025, the trend generally trended downward, settling near 0.39 to 0.41. This decline may suggest that the company’s asset base increased or that sales growth did not keep pace proportionally, thus reducing the efficiency of asset utilization over time.
Overall, the ratio demonstrates periods of marginal improvement interspersed with declines, but it has largely remained within the narrow range of approximately 0.39 to 0.49 throughout the observed period. Such stability indicates consistent, albeit moderate, efficiency in using total assets to generate sales, with no significant long-term trend toward either improvement or deterioration in asset utilization efficiency during this timeframe.
See also:
Palo Alto Networks Inc Total Asset Turnover (Quarterly Data)