Stock Analysis on Net

Palo Alto Networks Inc. (NASDAQ:PANW)

$24.99

Total Asset Turnover
since 2012

Microsoft Excel

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Calculation

Palo Alto Networks Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-07-31), 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 Trends
Revenue exhibited a strong and consistent upward trajectory over the period examined, increasing from approximately $255 million in 2012 to over $9.2 billion projected for 2025. This growth reflects a compound expansion, with particularly notable increases occurring between 2013 and 2016, and continuing robustly through to the latest forecasted year. The pattern indicates effective market penetration and/or product acceptance resulting in substantial top-line expansion.
Total Assets Evolution
Total assets also saw considerable growth, rising from approximately $408 million in 2012 to nearly $23.6 billion projected for 2025. The asset base expanded sharply, especially from 2016 onward, suggesting significant investment in infrastructure, acquisitions, or working capital to support the expanding revenue base. The asset growth outpaced revenue growth in many years, highlighting substantial capital deployment.
Total Asset Turnover Ratio
The total asset turnover ratio, representing how efficiently the company utilized its assets to generate revenue, demonstrated variability but generally exhibited a declining pattern. Starting at 0.63 in 2012, the ratio declined with fluctuations, reaching approximately 0.39 projected in 2025. This decline suggests that although revenue increased, asset growth was more rapid or asset utilization efficiency diminished over time, potentially pointing to increased asset-heavy investments or less efficient asset deployments relative to revenue generation.
Overall Analysis
The data reveals a company in a rapid growth phase, expanding both its revenue and asset base substantially. However, the diminishing total asset turnover ratio could be a signal of shifting operational dynamics, such as increased investments in long-term assets or acquisitions that have not yet fully translated into proportional revenue growth. The long-term sustainability of growth may require improved asset efficiency or a strategic focus on optimizing asset use.

Comparison to Competitors

Palo Alto Networks Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-07-31), 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)

Microsoft Excel

Based on: 10-K (reporting date: 2025-07-31), 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)

Microsoft Excel

Based on: 10-K (reporting date: 2025-07-31), 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).