Pure Storage Inc (PSTG)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 106,739 | 129,742 | 131,541 | 166,256 | 271,654 | 199,101 | 126,548 | -11,242 | -7,160 | 74,426 | 80,754 | 147,368 | 83,819 | 20,270 | 9,522 | -1,226 | 2,795 | 6,816 | -10,380 | -44,110 |
| 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 |
| ROA | 2.69% | 3.37% | 3.48% | 4.59% | 7.43% | 5.45% | 3.77% | -0.34% | -0.23% | 2.37% | 2.73% | 4.16% | 2.36% | 0.62% | 0.29% | -0.04% | 0.09% | 0.24% | -0.37% | -1.41% |
January 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $106,739K ÷ $3,963,940K
= 2.69%
Pure Storage Inc's return on assets (ROA) has shown a fluctuating trend over the past few years, ranging from negative values to positive values. The ROA decreased from -1.41% on February 6, 2022, to its lowest point of -0.37% on April 30, 2022. However, the ROA started improving thereafter, reaching a positive value of 0.24% on May 8, 2022.
Subsequently, the ROA experienced fluctuations but generally showed an upward trend, peaking at 7.43% on February 4, 2024. This significant increase in ROA indicates that Pure Storage Inc became more efficient in generating profits relative to its total assets during that period.
Despite some fluctuations in between, the ROA maintained relatively stable performance above 2% since January 31, 2023, indicating a positive trend in the company's ability to generate earnings from its assets. Overall, the increasing trend in ROA reflects Pure Storage Inc's enhanced asset utilization and profitability over the analyzed period.
Peer comparison
Jan 31, 2025