Pure Storage Inc (PSTG)
Total 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 |
| Total assets | US$ in thousands | 3,963,940 | 3,854,460 | 3,781,270 | 3,623,610 | 3,655,760 | 3,655,760 | 3,355,510 | 3,355,510 | 3,133,920 | 3,133,920 | 2,959,250 | 3,543,460 | 3,545,400 | 3,252,820 | 3,252,370 | 3,049,860 | 3,049,860 | 2,828,350 | 2,828,350 | 3,135,320 |
| Total asset turnover | 0.80 | 0.80 | 0.80 | 0.84 | 0.85 | 0.82 | 0.86 | 0.81 | 0.89 | 0.93 | 0.97 | 0.84 | 0.79 | 0.81 | 0.79 | 0.83 | 0.84 | 0.93 | 0.92 | 0.78 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,168,164K ÷ $3,963,940K
= 0.80
The total asset turnover ratio of Pure Storage Inc has shown some fluctuations over the period analyzed. It started at 0.78 on February 6, 2022, and increased to 0.97 on April 30, 2023, indicating that the company generated $0.97 in sales for every $1 of assets during that period. However, the ratio slightly decreased to 0.80 by January 31, 2025.
Overall, the trend suggests that Pure Storage Inc has been effectively utilizing its assets to generate sales, although there have been some variations in the efficiency of asset utilization over time. It is important for the company to continue monitoring and managing its asset turnover to ensure optimal performance and profitability.
Peer comparison
Jan 31, 2025