Pure Storage Inc (PSTG)
Total asset turnover
| Jan 31, 2025 | Feb 4, 2024 | Jan 31, 2024 | Feb 5, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,168,160 | 2,817,430 | 2,830,620 | 2,740,340 | 2,753,430 |
| Total assets | US$ in thousands | 3,963,940 | 3,655,760 | 3,655,760 | 3,543,460 | 3,545,400 |
| Total asset turnover | 0.80 | 0.77 | 0.77 | 0.77 | 0.78 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,168,160K ÷ $3,963,940K
= 0.80
The total asset turnover ratio for Pure Storage Inc over the period from January 31, 2023, to January 31, 2025, ranged from 0.77 to 0.80. This ratio indicates that, on average, the company generated between $0.77 and $0.80 in revenue for every dollar of total assets held during these fiscal year-ends.
A total asset turnover ratio of less than 1 suggests that the company is not efficiently utilizing its assets to generate sales. In Pure Storage Inc's case, the consistency of the ratio around 0.77 to 0.80 implies a relatively stable performance in terms of asset utilization. It is essential for the company to continue monitoring and potentially improving this ratio to enhance operational efficiency and profitability.
Peer comparison
Jan 31, 2025