Fortinet Inc (FTNT)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,955,800 | 5,304,800 | 4,417,400 | 3,342,200 | 2,594,400 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,955,800K ÷ $—K
= —
The data provided shows that Fortinet Inc's receivables turnover ratio is not available for the years 2020, 2021, 2022, 2023, and 2024. The receivables turnover ratio indicates how efficiently a company is able to collect payments from its customers.
The absence of data on the receivables turnover ratio for these years may suggest a few possibilities, such as the company's customer credit policies, changes in sales terms, or internal accounting processes that may impact the calculation and reporting of this ratio. It is important for stakeholders to understand the reasons behind missing or unavailable data on the receivables turnover ratio to gain insights into the efficiency of Fortinet Inc's accounts receivable management.
Further analysis and additional information would be needed to assess the effectiveness of Fortinet Inc's credit and collection policies and to evaluate the company's overall liquidity and financial performance in relation to its accounts receivable turnover.
Peer comparison
Dec 31, 2024