Pure Storage Inc (PSTG)
Inventory turnover
| Feb 4, 2024 | Nov 5, 2023 | Aug 6, 2023 | Feb 5, 2023 | Nov 6, 2022 | Aug 7, 2022 | May 8, 2022 | Feb 6, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,162,290 | 2,092,633 | 2,052,360 | 2,037,881 | 1,989,361 | 1,934,436 | 1,857,897 | 1,747,844 | 1,670,504 | 1,589,646 | 1,542,433 | 1,506,109 | 1,444,458 | 1,440,912 | 1,450,122 | 1,450,246 | 1,419,570 | 1,377,077 | 1,300,724 | 1,216,359 |
| Inventory | US$ in thousands | 42,663 | 46,211 | 47,498 | 50,152 | 59,716 | 52,265 | 41,301 | 38,942 | 44,036 | 47,169 | 49,287 | 46,733 | 43,152 | 36,363 | 39,266 | 38,518 | 39,851 | 35,820 | 45,936 | 44,687 |
| Inventory turnover | 50.68 | 45.28 | 43.21 | 40.63 | 33.31 | 37.01 | 44.98 | 44.88 | 37.93 | 33.70 | 31.29 | 32.23 | 33.47 | 39.63 | 36.93 | 37.65 | 35.62 | 38.44 | 28.32 | 27.22 |
February 4, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,162,290K ÷ $42,663K
= 50.68
The inventory turnover ratio of Pure Storage Inc has shown a fluctuating trend over the past few years. The inventory turnover for the most recent period, as of February 4, 2024, stands at 50.68. This indicates that the company's inventory was sold and replaced 50.68 times over the course of the year.
Looking at the historical data, the inventory turnover ratio has generally been on an upward trajectory since early 2023, reaching its peak in the most recent period. This improvement suggests that Pure Storage Inc has been managing its inventory more efficiently, resulting in a quicker turnover of goods.
Analyzing the figures over the past few years, we observe that there have been fluctuations in the inventory turnover ratio, with some periods showing higher turnover rates than others. It is important to note that a high inventory turnover ratio generally indicates effective inventory management and strong sales performance.
Overall, the rising trend in Pure Storage Inc's inventory turnover ratio signals efficient inventory management practices and good sales performance, which are positive indicators for the company's financial health and operational efficiency.
Peer comparison
Feb 4, 2024
Feb 4, 2024