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.