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Palo Alto Networks Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Return on Assets (ROA) since 2012
- Current Ratio since 2012
- Price to Book Value (P/BV) since 2012
- Aggregate Accruals
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Calculation
Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
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Jul 31, 2024 | = | ÷ | |||
Jul 31, 2023 | = | ÷ | |||
Jul 31, 2022 | = | ÷ | |||
Jul 31, 2021 | = | ÷ | |||
Jul 31, 2020 | = | ÷ | |||
Jul 31, 2019 | = | ÷ | |||
Jul 31, 2018 | = | ÷ | |||
Jul 31, 2017 | = | ÷ | |||
Jul 31, 2016 | = | ÷ | |||
Jul 31, 2015 | = | ÷ | |||
Jul 31, 2014 | = | ÷ | |||
Jul 31, 2013 | = | ÷ | |||
Jul 31, 2012 | = | ÷ |
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
- Revenue
- There is a clear and consistent upward trend in revenue over the entire period. Starting from approximately $255 million in 2012, revenue increased steadily each year, reaching $8.03 billion by 2024. Notable growth acceleration occurred between 2014 and 2016, with revenue more than doubling in that timeframe. Subsequent years also show strong annual growth, indicating successful market expansion and perhaps new product adoption.
- Total Assets
- Total assets show a pronounced upward trajectory, increasing from around $408 million in 2012 to nearly $20 billion in 2024. The growth accelerated particularly after 2016, with assets more than doubling from approximately $2.76 billion in 2016 to $5.82 billion in 2018, and continuing to increase substantially thereafter. This suggests significant investments and expansion in the company's asset base, potentially through acquisitions, capital expenditures, or increased working capital.
- Total Asset Turnover
- The total asset turnover ratio exhibits considerable fluctuation over the period. It started at 0.63 in 2012, declined to lower levels around 0.4 to 0.5 in the mid-2010s, reaching a trough of 0.38 in 2020. Despite some recovery to 0.48 in 2023, it slightly declined again to 0.4 in 2024. Overall, the ratio has decreased compared to the earliest years, indicating that the growth of assets has outpaced revenue growth, resulting in less efficient utilization of assets in generating revenue over time.
- Summary
- The company demonstrates strong revenue growth alongside a rapidly expanding asset base. However, the declining trend in asset turnover ratio suggests that revenue generation efficiency relative to asset investments has diminished. This may reflect strategic investments in infrastructure, technology, or market positioning, which have not yet fully translated into proportionate revenue increases. Monitoring asset efficiency alongside continued revenue growth will be critical in assessing long-term operational effectiveness.
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. | |
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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., total asset turnover, long-term trends, comparison to sector (software & services)
Palo Alto Networks Inc. | Software & Services | |
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Jul 31, 2024 | ||
Jul 31, 2023 | ||
Jul 31, 2022 | ||
Jul 31, 2021 | ||
Jul 31, 2020 | ||
Jul 31, 2019 | ||
Jul 31, 2018 | ||
Jul 31, 2017 | ||
Jul 31, 2016 | ||
Jul 31, 2015 | ||
Jul 31, 2014 | ||
Jul 31, 2013 | ||
Jul 31, 2012 |
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., total asset turnover, long-term trends, comparison to industry (information technology)
Palo Alto Networks Inc. | Information Technology | |
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Jul 31, 2024 | ||
Jul 31, 2023 | ||
Jul 31, 2022 | ||
Jul 31, 2021 | ||
Jul 31, 2020 | ||
Jul 31, 2019 | ||
Jul 31, 2018 | ||
Jul 31, 2017 | ||
Jul 31, 2016 | ||
Jul 31, 2015 | ||
Jul 31, 2014 | ||
Jul 31, 2013 | ||
Jul 31, 2012 |
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).