Palo Alto Networks Inc (PANW)

Working capital turnover

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Revenue	US$ in thousands	8,027,700	6,857,600	5,475,900	4,087,400	3,313,000
Total current assets	US$ in thousands	6,849,700	6,048,000	6,414,900	4,647,300	5,129,200
Total current liabilities	US$ in thousands	7,682,700	7,737,500	8,306,300	5,116,700	2,691,700
Working capital turnover		—	—	—	—	1.36

July 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,027,700K ÷ ($6,849,700K – $7,682,700K)
= —

Based on the provided data, the working capital turnover ratio for Palo Alto Networks Inc is not available for the years 2020 to 2023. However, in July 31, 2020, the company had a working capital turnover ratio of 1.36. This indicates that in 2020, Palo Alto Networks Inc generated $1.36 of revenue for every $1 of working capital invested.

Without the specific data for the subsequent years, it is challenging to assess the trend in the company's working capital turnover. It is important to note that a higher working capital turnover ratio generally suggests that the company efficiently manages its working capital to generate sales.

To gain a more comprehensive understanding of Palo Alto Networks Inc's financial performance, it would be beneficial to analyze other financial ratios and metrics in conjunction with the working capital turnover ratio. It is recommended to assess the company's overall liquidity, profitability, and operational efficiency.