Pure Storage Inc (PSTG)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 189,949 | 141,700 | 81,852 | 83,513 | 48,696 | 21,485 | -26,808 | -98,398 | -174,984 | -222,120 | -252,309 | -261,033 | -214,908 | -177,954 | -178,740 | -191,283 | -215,549 | -214,506 | -204,807 | -169,257 |
| 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 |
| Operating ROA | 5.20% | 4.22% | 2.61% | 2.36% | 1.50% | 0.70% | -0.95% | -3.14% | -6.13% | -7.98% | -9.35% | -9.26% | -8.10% | -7.67% | -7.93% | -8.09% | -9.83% | -10.14% | -9.90% | -8.58% |
February 4, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $189,949K ÷ $3,655,760K
= 5.20%
The trend in Pure Storage Inc's operating return on assets (operating ROA) has shown significant fluctuation over the historical periods provided. The operating ROA has fluctuated from negative figures, such as -10.14% in Oct 31, 2019, to positive figures, like 5.20% in Feb 4, 2024.
These fluctuations suggest varying levels of operating efficiency and profitability over the periods. The company experienced a notable improvement in operating ROA from late 2019 to early 2020, with the metric steadily increasing. However, there was then a decline in operating ROA starting around mid-2020, reaching negative levels, before showing some signs of recovery in the most recent periods.
Overall, it is important for stakeholders to monitor Pure Storage Inc's operating ROA closely as it indicates how effectively the company is generating profits from its assets employed in operations. The company's management may need to focus on strategies to enhance operational efficiency and profitability to sustain positive operating ROA levels going forward.
Peer comparison
Feb 4, 2024