Fortinet Inc (FTNT)

Payables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cost of revenue (ttm)	US$ in thousands	1,157,600	1,159,000	1,213,300	1,234,100	1,237,200	1,218,600	1,183,900	1,138,900	1,084,900	1,015,900	944,100	880,200	783,000	721,700	649,700	597,900	570,000	543,500	528,400	521,600
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,157,600K ÷ $—K
= —

The payables turnover ratio for Fortinet Inc for the period from March 31, 2020, to December 31, 2024, is not provided in the data. The payables turnover ratio is a financial metric that indicates how efficiently a company manages its trade credit by paying its suppliers. It is calculated by dividing the total purchases by the average accounts payable during a specific period.

Without the specific values for accounts payable and purchases, it is not possible to calculate the payables turnover ratio for Fortinet Inc. This ratio is important for assessing the company's ability to pay its short-term obligations and its relationship with suppliers. A higher payables turnover ratio generally indicates that a company is paying its suppliers more quickly, while a lower ratio may suggest that the company is taking more time to settle its payables.

In this case, the lack of data prevents a detailed analysis of Fortinet Inc's payables turnover ratio over the specified period. It is essential for stakeholders and analysts to monitor this ratio to understand the company's payment practices and its impact on working capital management.