Pure Storage Inc (PSTG)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 203,183 | 136,958 | 77,491 | 73,071 | 13,543 | -14,401 | -70,588 | -143,259 | -210,495 | -255,986 | -275,688 | -282,076 | -234,434 | -190,194 | -191,245 | -200,987 | -222,091 | -220,289 | -214,394 | -178,362 |
| 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 |
| ROA | 5.56% | 4.08% | 2.47% | 2.06% | 0.42% | -0.47% | -2.50% | -4.57% | -7.37% | -9.20% | -10.22% | -10.00% | -8.84% | -8.19% | -8.48% | -8.50% | -10.13% | -10.41% | -10.36% | -9.04% |
February 4, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $203,183K ÷ $3,655,760K
= 5.56%
Based on the data provided, Pure Storage Inc's return on assets (ROA) has shown significant fluctuations over the past several periods.
The ROA has ranged from -10.41% to 5.56% during the period under review. The highest ROA of 5.56% was achieved on Feb 4, 2024, while the lowest ROA of -10.41% was recorded on Oct 31, 2019.
Overall, the trend in ROA appears to have improved in recent periods, with positive ROA figures recorded in the most recent periods. This improvement suggests that Pure Storage Inc has been more effective in generating profits relative to its assets in recent periods compared to the earlier periods.
However, it is important to note that the negative ROA figures observed in several periods indicate that Pure Storage Inc may have faced challenges in efficiently utilizing its assets to generate profits during those times.
It would be advisable for stakeholders to continue monitoring Pure Storage Inc's ROA performance to assess the effectiveness of the company's asset management strategies and overall profitability.
Peer comparison
Feb 4, 2024