Pure Storage Inc (PSTG)
Fixed asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 4, 2024 | Jan 31, 2024 | Nov 5, 2023 | Oct 31, 2023 | Aug 6, 2023 | Jul 31, 2023 | Apr 30, 2023 | Feb 5, 2023 | Jan 31, 2023 | Nov 6, 2022 | Oct 31, 2022 | Aug 7, 2022 | Jul 31, 2022 | May 8, 2022 | Apr 30, 2022 | Feb 6, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,168,164 | 3,076,661 | 3,035,394 | 3,027,768 | 3,097,127 | 2,993,763 | 2,892,629 | 2,725,791 | 2,779,355 | 2,904,587 | 2,884,186 | 2,970,929 | 2,797,671 | 2,634,236 | 2,578,490 | 2,522,845 | 2,576,053 | 2,637,851 | 2,588,067 | 2,454,254 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 352,604 | — | 337,559 | 464,117 | 325,783 | 458,849 | 458,099 | 272,445 | 431,357 | 248,606 | 412,282 | 219,559 | 391,951 | 207,289 | 320,215 | 195,282 |
| Fixed asset turnover | — | — | — | — | 8.78 | — | 8.57 | 5.87 | 8.53 | 6.33 | 6.30 | 10.90 | 6.49 | 10.60 | 6.25 | 11.49 | 6.57 | 12.73 | 8.08 | 12.57 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,168,164K ÷ $—K
= —
Fixed asset turnover is a financial ratio that assesses a company's efficiency in generating sales revenue from its investments in fixed assets. Looking at Pure Storage Inc's fixed asset turnover over the past few years, the ratio has shown variability.
For instance, on February 6, 2022, the fixed asset turnover was noted at 12.57, indicating that the company generated $12.57 in sales for every dollar invested in fixed assets at that time. This suggests a high level of efficiency in utilizing its fixed assets to drive revenue.
However, as of October 31, 2023, the fixed asset turnover decreased to 5.87, signaling a decline in the company's ability to generate sales from its fixed assets effectively. This could be attributed to various factors, such as changes in the business environment or the company's investment decisions.
It is worth noting that there are instances, like January 31, 2024, April 30, 2024, July 31, 2024, October 31, 2024, and January 31, 2025, where the fixed asset turnover data is not available (marked as "—"). This lack of data makes it challenging to assess the company's performance during those periods.
In conclusion, Pure Storage Inc's fixed asset turnover has displayed fluctuations over the analyzed period, suggesting varying levels of efficiency in utilizing its fixed assets to generate sales revenue. Monitoring this ratio over time can provide insights into the company's operational efficiency and investment strategies.
Peer comparison
Jan 31, 2025