Return on Assets (ROA)
since 2012
Calculation
Palo Alto Networks Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jul 31, 2024 | 12.89% | = | 100 | × | 2,577,600) | ÷ | 19,990,900) |
| Jul 31, 2023 | 3.03% | = | 100 | × | 439,700) | ÷ | 14,501,100) |
| Jul 31, 2022 | -2.18% | = | 100 | × | (267,000) | ÷ | 12,253,600) |
| Jul 31, 2021 | -4.87% | = | 100 | × | (498,900) | ÷ | 10,241,600) |
| Jul 31, 2020 | -2.95% | = | 100 | × | (267,000) | ÷ | 9,065,400) |
| Jul 31, 2019 | -1.24% | = | 100 | × | (81,900) | ÷ | 6,592,200) |
| Jul 31, 2018 | -2.54% | = | 100 | × | (147,900) | ÷ | 5,823,000) |
| Jul 31, 2017 | -6.30% | = | 100 | × | (216,600) | ÷ | 3,438,300) |
| Jul 31, 2016 | -8.18% | = | 100 | × | (225,900) | ÷ | 2,761,200) |
| Jul 31, 2015 | -8.40% | = | 100 | × | (164,982) | ÷ | 1,965,178) |
| Jul 31, 2014 | -15.32% | = | 100 | × | (226,452) | ÷ | 1,478,466) |
| Jul 31, 2013 | -4.99% | = | 100 | × | (29,246) | ÷ | 585,606) |
| Jul 31, 2012 | 0.18% | = | 100 | × | 737) | ÷ | 407,804) |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31).
1 US$ in thousands
Over the analyzed periods, net income experienced significant fluctuations with an initial positive income in 2012, followed by a sustained period of losses extending through 2022. The losses peaked in 2021 at approximately negative 498.9 million US dollars before a sharp turnaround to a positive net income of 439.7 million in 2023, which further increased substantially to about 2.58 billion US dollars in 2024. This indicates a strong recovery and marked improvement in profitability in the most recent years.
Total assets showed consistent and robust growth throughout the entire period. Starting from approximately 408 million US dollars in 2012, assets increased nearly every year, reaching almost 20 billion US dollars by 2024. This steady asset growth suggests ongoing investments and expansion efforts.
The return on assets (ROA) metric reflects the net income trends, with negative values dominating from 2013 to 2022, illustrating challenges in generating profit relative to the asset base during these years. ROA reached its lowest points in the early 2010s, with gradual improvement afterward. Positive ROA values emerged in 2023 and strengthened significantly in 2024, aligning with the resurgence in net income and indicating enhanced efficiency in utilizing assets to generate earnings.
- Net Income (Loss)
- Moved from a minor gain in 2012 to substantial losses over the following decade, then reversed to significant profits in 2023 and 2024.
- Total Assets
- Exhibited a steady upward trajectory, reflecting continual growth and asset accumulation over the entire period.
- Return on Assets (ROA)
- Mirrored net income results, with negative returns during loss-making years, turning positive and substantially improving in the last two years.
Comparison to Competitors
Palo Alto Networks Inc., ROA, long-term trends, comparison to competitors
| Palo Alto Networks Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 31, 2024 | 12.89% | 12.99% | 18.39% | 11.76% | 1.34% | 29.85% | 4.39% | 9.22% | 17.21% | 7.42% | 7.29% | 4.14% | 6.99% | 17.31% | 8.39% |
| Jul 31, 2023 | 3.03% | 13.41% | 18.23% | 18.36% | -3.65% | 27.26% | 5.55% | 8.58% | 17.56% | 6.33% | 4.64% | 0.21% | 9.96% | 11.90% | -2.72% |
| Jul 31, 2022 | -2.18% | 14.55% | 17.51% | 16.53% | -6.49% | 25.90% | 1.29% | 7.45% | 19.94% | 6.15% | -10.80% | 1.52% | 2.44% | 10.45% | 0.28% |
| Jul 31, 2021 | -4.87% | 13.68% | 17.70% | 15.87% | -3.39% | 25.01% | 4.35% | 13.29% | 18.36% | 10.48% | -16.02% | 6.14% | 2.13% | 8.66% | -3.24% |
| Jul 31, 2020 | -2.95% | 13.78% | 21.66% | 14.95% | -10.09% | 14.72% | 3.58% | 16.70% | 14.70% | 8.78% | -43.35% | 0.23% | 1.36% | 8.27% | -7.05% |
| Jul 31, 2019 | -1.24% | 16.04% | 14.22% | 29.46% | — | 13.40% | 6.20% | 24.78% | 13.69% | 10.20% | — | 3.61% | 10.41% | 8.31% | -7.58% |
| Jul 31, 2018 | -2.54% | 16.61% | 13.80% | 14.01% | — | 11.35% | 7.07% | 23.39% | 6.40% | 2.79% | — | 0.61% | -0.69% | 7.04% | -6.49% |
| Jul 31, 2017 | -6.30% | 15.18% | 11.65% | 8.44% | — | 10.21% | 4.59% | 23.87% | 8.80% | 6.92% | — | 1.02% | -4.39% | 2.53% | -12.89% |
| Jul 31, 2016 | -8.18% | 19.95% | 9.20% | 9.69% | — | 8.96% | 10.11% | 23.04% | 8.67% | 7.93% | — | -0.37% | -22.22% | 5.09% | -10.62% |
| Jul 31, 2015 | -8.40% | 16.72% | 5.37% | 10.74% | — | 7.03% | 11.94% | 7.35% | 6.92% | 8.96% | — | -2.46% | -10.98% | 4.48% | -10.51% |
| Jul 31, 2014 | -15.32% | 16.41% | 2.49% | 4.95% | — | 7.96% | 10.23% | 17.44% | 12.81% | 12.13% | — | -2.54% | -12.59% | 5.43% | -7.93% |
| Jul 31, 2013 | -4.99% | 19.46% | 2.79% | 6.76% | — | 7.76% | 13.06% | 15.64% | 15.35% | 13.35% | — | -4.89% | -6.31% | 5.68% | -12.43% |
| Jul 31, 2012 | 0.18% | 15.32% | 8.35% | 19.24% | — | 7.94% | 13.93% | 16.91% | 14.00% | 12.74% | — | -0.28% | -7.81% | 4.40% | — |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31).
Comparison to Sector (Software & Services)
Palo Alto Networks Inc., ROA, long-term trends, comparison to sector (software & services)
| Palo Alto Networks Inc. | Software & Services | |
|---|---|---|
| Jul 31, 2024 | 12.89% | 12.19% |
| Jul 31, 2023 | 3.03% | 11.21% |
| Jul 31, 2022 | -2.18% | 11.41% |
| Jul 31, 2021 | -4.87% | 12.29% |
| Jul 31, 2020 | -2.95% | 9.68% |
| Jul 31, 2019 | -1.24% | 10.84% |
| Jul 31, 2018 | -2.54% | 6.12% |
| Jul 31, 2017 | -6.30% | 7.30% |
| Jul 31, 2016 | -8.18% | 8.86% |
| Jul 31, 2015 | -8.40% | 8.53% |
| Jul 31, 2014 | -15.32% | 11.17% |
| Jul 31, 2013 | -4.99% | 13.45% |
| Jul 31, 2012 | 0.18% | 13.34% |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31).
Comparison to Industry (Information Technology)
Palo Alto Networks Inc., ROA, long-term trends, comparison to industry (information technology)
| Palo Alto Networks Inc. | Information Technology | |
|---|---|---|
| Jul 31, 2024 | 12.89% | 11.95% |
| Jul 31, 2023 | 3.03% | 12.52% |
| Jul 31, 2022 | -2.18% | 14.57% |
| Jul 31, 2021 | -4.87% | 14.67% |
| Jul 31, 2020 | -2.95% | 11.45% |
| Jul 31, 2019 | -1.24% | 11.78% |
| Jul 31, 2018 | -2.54% | 10.94% |
| Jul 31, 2017 | -6.30% | 9.05% |
| Jul 31, 2016 | -8.18% | 9.79% |
| Jul 31, 2015 | -8.40% | 11.53% |
| Jul 31, 2014 | -15.32% | 12.36% |
| Jul 31, 2013 | -4.99% | 13.26% |
| Jul 31, 2012 | 0.18% | 14.08% |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31).