Salesforce.com Inc (CRM)
Payables turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 28,899,000 | 29,053,000 | 24,777,000 | 20,261,000 | 16,004,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
January 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $28,899,000K ÷ $—K
= —
To calculate Salesforce Inc's payables turnover ratio, we need information on Cost of Goods Sold (COGS) and average accounts payable for each period. The payables turnover ratio is calculated as COGS divided by average accounts payable.
Without specific data on COGS and accounts payable for the given years, it is not possible to calculate the payables turnover ratio for Salesforce Inc or provide a trend analysis. This ratio is important as it indicates how efficiently a company is managing its accounts payable by paying its suppliers. A higher payables turnover ratio suggests that the company is paying off its suppliers quickly, while a lower ratio may indicate a longer payment period.
To provide a comprehensive analysis, we would need access to the relevant financial data to calculate and interpret Salesforce Inc's payables turnover ratio for each year.
Peer comparison
Jan 31, 2024