Pure Storage Inc (PSTG)
Return on assets (ROA)
| Feb 4, 2024 | Feb 5, 2023 | Feb 6, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 61,311 | 73,071 | -143,259 | -282,076 | -200,987 |
| Total assets | US$ in thousands | 3,655,760 | 3,543,460 | 3,135,320 | 2,819,440 | 2,364,200 |
| ROA | 1.68% | 2.06% | -4.57% | -10.00% | -8.50% |
February 4, 2024 calculation
ROA = Net income ÷ Total assets
= $61,311K ÷ $3,655,760K
= 1.68%
Pure Storage Inc's return on assets (ROA) has fluctuated over the past five years. In the most recent fiscal year ending on February 4, 2024, the company achieved an ROA of 1.68%, which represents a decrease from the previous year's ROA of 2.06%. The positive ROA indicates that the company is generating earnings relative to its total assets.
In the fiscal year ending on February 5, 2023, Pure Storage Inc's ROA was positive at 2.06%, reflecting the company's ability to efficiently utilize its assets to generate profits. However, in the fiscal year ending on February 6, 2022, the company experienced a sharp decline in ROA to -4.57%, indicating that the company incurred a loss relative to its total assets.
The negative ROA trend continued in the fiscal year ending on January 31, 2021, and February 2, 2020, with ROA values of -10.00% and -8.50% respectively. These results suggest that Pure Storage Inc faced challenges in profitability and asset utilization during these periods.
Overall, the varying ROA values over the past five years indicate fluctuations in Pure Storage Inc's profitability and efficiency in generating returns from its assets. It is important for investors and stakeholders to closely monitor the company's future performance to assess its ability to effectively utilize assets and improve profitability.
Peer comparison
Feb 4, 2024