Pure Storage Inc (PSTG)
Total asset turnover
| Feb 4, 2024 | Feb 5, 2023 | Feb 6, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,817,430 | 2,740,340 | 2,138,940 | 1,655,280 | 1,612,150 |
| Total assets | US$ in thousands | 3,655,760 | 3,543,460 | 3,135,320 | 2,819,440 | 2,364,200 |
| Total asset turnover | 0.77 | 0.77 | 0.68 | 0.59 | 0.68 |
February 4, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,817,430K ÷ $3,655,760K
= 0.77
The total asset turnover ratio for Pure Storage Inc has shown consistency in recent years, hovering around the range of 0.59 to 0.77. This ratio indicates that, on average, the company generates sales revenue of approximately 0.59 to 0.77 times its total assets. A higher total asset turnover ratio generally implies better efficiency in utilizing assets to generate sales. Therefore, Pure Storage Inc has been maintaining reasonable efficiency in generating sales revenue relative to its total asset base over the years analyzed. It is important for the company to monitor this ratio closely to ensure optimal utilization of assets and sustainable growth.
Peer comparison
Feb 4, 2024