Total Asset Turnover
since 2012
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Palo Alto Networks Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Net Profit Margin since 2012
- Operating Profit Margin since 2012
- Price to Operating Profit (P/OP) since 2012
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Calculation
Palo Alto Networks Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jul 31, 2026 | = | ÷ | |||
| Jul 31, 2025 | = | ÷ | |||
| 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: 2026-07-31), 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 millions
The financial trajectory from 2012 to 2026 is characterized by consistent revenue expansion coupled with a more aggressive increase in the total asset base, resulting in a general long-term decline in asset utilization efficiency.
- Revenue and Asset Growth Correlation
- Revenue demonstrated sustained growth, rising from 255 million USD in 2012 to 11,480 million USD by 2026. However, total assets grew at a significantly higher magnitude, expanding from 408 million USD to 48,460 million USD over the same period. This disparity indicates that asset accumulation has outpaced revenue generation, leading to a downward pressure on the total asset turnover ratio.
- Early Phase Performance (2012–2017)
- Initial asset turnover peaked at 0.68 in 2013 before experiencing a sharp correction to 0.40 in 2014. A period of gradual recovery followed, with the ratio climbing steadily to 0.51 by 2017. This phase reflects an initial period of volatility as the organization scaled its operational infrastructure to support early revenue growth.
- Intermediate Stability and Fluctuations (2018–2023)
- Between 2018 and 2023, the asset turnover ratio exhibited a fluctuating but generally stable range between 0.38 and 0.48. A notable dip to 0.39 occurred in 2018, followed by a recovery to 0.48 by 2023. This suggests a cyclical pattern of asset investment followed by a period of revenue realization and efficiency gains.
- Recent Decline and Asset Surge (2024–2026)
- A significant deterioration in asset turnover is observed starting in 2024, culminating in a low of 0.24 in 2026. The most critical shift occurred between 2025 and 2026, where total assets more than doubled from 23,576 million USD to 48,460 million USD. Because revenue growth did not scale proportionally during this specific interval, the asset turnover ratio reached its lowest point in the analyzed period, indicating a substantial increase in asset intensity or a large-scale capital allocation that has yet to generate corresponding revenue.
Comparison to Competitors
Palo Alto Networks Inc., total asset turnover, long-term trends, comparison to competitors
| Palo Alto Networks Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 31, 2026 | |||||||||||||||
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| Jul 31, 2012 |
Based on: 10-K (reporting date: 2026-07-31), 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)
| Palo Alto Networks Inc. | Software & Services | |
|---|---|---|
| Jul 31, 2026 | ||
| Jul 31, 2025 | ||
| 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: 2026-07-31), 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)
| Palo Alto Networks Inc. | Information Technology | |
|---|---|---|
| Jul 31, 2026 | ||
| Jul 31, 2025 | ||
| 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: 2026-07-31), 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).