Palo Alto Networks's Total Assets for the quarter that ended in Apr. 2024 was $17,931 Mil.
Warning Sign:
If a company builds assets at 35.3% a year, faster than its revenue growth rate of 20.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Palo Alto Networks's average Total Assets Growth Rate was 47.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 31.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 35.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 43.90% per year.
During the past 13 years, Palo Alto Networks's highest 3-Year average Total Assets Growth Rate was 140.70%. The lowest was 29.30%. And the median was 42.30%.
The historical data trend for Palo Alto Networks's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Palo Alto Networks's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Palo Alto Networks (NAS:PANW) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Apr. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Palo Alto Networks's Asset Turnover for the quarter that ended in Apr. 2024 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Palo Alto Networks Total Assets Related Terms
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Palo Alto Networks (Palo Alto Networks) Business Description
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.
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