Pure Storage Inc (PSTG)
Total asset turnover
| Feb 4, 2024 | Nov 5, 2023 | Aug 6, 2023 | Feb 5, 2023 | Nov 6, 2022 | Aug 7, 2022 | May 8, 2022 | Feb 6, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,045,861 | 2,925,792 | 2,812,791 | 2,740,340 | 2,620,290 | 2,503,928 | 2,347,376 | 2,138,936 | 1,939,256 | 1,789,279 | 1,701,785 | 1,655,283 | 1,642,376 | 1,661,874 | 1,651,679 | 1,612,149 | 1,523,755 | 1,475,105 | 1,395,086 | 1,332,979 |
| Total assets | US$ in thousands | 3,655,760 | 3,355,510 | 3,133,920 | 3,543,460 | 3,252,820 | 3,049,860 | 2,828,350 | 3,135,320 | 2,855,760 | 2,783,680 | 2,697,940 | 2,819,440 | 2,653,000 | 2,321,610 | 2,254,860 | 2,364,200 | 2,192,780 | 2,115,970 | 2,069,190 | 1,973,020 |
| Total asset turnover | 0.83 | 0.87 | 0.90 | 0.77 | 0.81 | 0.82 | 0.83 | 0.68 | 0.68 | 0.64 | 0.63 | 0.59 | 0.62 | 0.72 | 0.73 | 0.68 | 0.69 | 0.70 | 0.67 | 0.68 |
February 4, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,045,861K ÷ $3,655,760K
= 0.83
The total asset turnover for Pure Storage Inc has exhibited some fluctuations over the past few years, ranging from 0.59 to 0.90. The ratio indicates the efficiency with which the company generates sales revenue in relation to its total assets. A higher total asset turnover generally reflects better asset utilization.
In the most recent period ending February 4, 2024, the total asset turnover stood at 0.83, which suggests that Pure Storage Inc generated $0.83 in sales for every $1 of total assets. This indicates a moderate level of efficiency in asset utilization.
Looking at the trend, there has been some variability in the ratio, with peaks around 0.90 in August 6, 2023, and lows around 0.59 in January 31, 2021. Overall, the trend seems relatively stable around the range of 0.60 to 0.90 in recent years.
It is important for Pure Storage Inc to consistently monitor and improve its total asset turnover ratio to ensure optimal utilization of its assets in generating sales revenue. Further analysis of the factors influencing this ratio, such as inventory management, accounts receivable turnover, and fixed asset efficiency, can provide deeper insights into the company's operational efficiency and performance.
Peer comparison
Feb 4, 2024