Fortinet Inc (FTNT)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,157,600 | 1,237,200 | 1,084,900 | 783,000 | 570,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,157,600K ÷ $—K
= —
The payables turnover ratio for Fortinet Inc for the years ending on December 31, 2020, 2021, 2022, 2023, and 2024 is not provided in the data. This ratio indicates the company's efficiency in paying its suppliers and managing its accounts payable. The absence of this data makes it challenging to assess Fortinet Inc's liquidity management and relationships with its creditors over the specified years. It is advisable for stakeholders to obtain this information to gain a more thorough understanding of the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2024