Pure Storage Inc (PSTG)
Return on assets (ROA)
| Jan 31, 2025 | Feb 4, 2024 | Jan 31, 2024 | Feb 5, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 106,739 | 61,311 | 61,311 | 73,071 | 73,071 |
| Total assets | US$ in thousands | 3,963,940 | 3,655,760 | 3,655,760 | 3,543,460 | 3,545,400 |
| ROA | 2.69% | 1.68% | 1.68% | 2.06% | 2.06% |
January 31, 2025 calculation
ROA = Net income ÷ Total assets
= $106,739K ÷ $3,963,940K
= 2.69%
Pure Storage Inc's return on assets (ROA) has shown fluctuations over the past few years. As of January 31, 2023, and February 5, 2023, the ROA was 2.06%. This indicates that for every dollar of assets Pure Storage Inc had during that period, it generated a return of 2.06 cents.
The ROA decreased to 1.68% as of January 31, 2024, and remained the same on February 4, 2024. This decline suggests that Pure Storage Inc's profitability in generating earnings from its assets slightly decreased.
However, there was a notable improvement in the ROA to 2.69% as of January 31, 2025. This increase indicates that Pure Storage Inc was able to generate a higher return on its assets compared to the previous periods.
Overall, Pure Storage Inc's ROA has shown some variability, but the most recent data point suggests a positive trend in terms of its efficiency in utilizing its assets to generate profits. It would be essential for the company to monitor and sustain this improvement in ROA to ensure continued financial performance and efficiency.
Peer comparison
Jan 31, 2025