Fortinet Inc (FTNT)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,955,800 | 5,710,800 | 5,537,300 | 5,395,800 | 5,304,800 | 5,172,700 | 4,987,600 | 4,724,900 | 4,417,400 | 4,098,000 | 3,815,700 | 3,586,700 | 3,342,200 | 3,126,600 | 2,910,500 | 2,724,900 | 2,591,500 | 2,457,900 | 2,354,300 | 2,260,500 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,955,800K ÷ $—K
= —
The receivables turnover ratio for Fortinet Inc is not available as the data provided for each reporting period from March 31, 2020, to December 31, 2024, is denoted as "—". This indicates that specific information necessary to calculate the receivables turnover ratio, such as accounts receivable and net credit sales, is not provided in the dataset.
The receivables turnover ratio is a vital financial metric that measures a company's efficiency in collecting outstanding accounts receivable from its customers during a specific period. A high turnover ratio signifies that the company efficiently collects its outstanding receivables, while a low ratio may indicate potential issues with credit policies, collection efforts, or customer creditworthiness.
Without the necessary data points to calculate the receivables turnover ratio for Fortinet Inc, its ability to manage and collect accounts receivable efficiently cannot be evaluated in this analysis. It is essential for investors and analysts to have access to complete financial information to assess a company's financial performance accurately.
Peer comparison
Dec 31, 2024