Pure Storage Inc (PSTG)
Number of days of payables
| Feb 4, 2024 | Feb 5, 2023 | Feb 6, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 25.95 | 30.96 | 25.19 | 22.84 | 19.20 | |
| Number of days of payables | days | 14.06 | 11.79 | 14.49 | 15.98 | 19.01 |
February 4, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.95
= 14.06
To analyze Pure Storage Inc's number of days of payables, we observe a fluctuating trend over the past five years. The number of days of payables is a key indicator of how long the company takes to pay its suppliers.
In the most recent period, as of February 4, 2024, Pure Storage Inc took approximately 14.06 days to pay its suppliers, which is slightly higher compared to the previous year but relatively consistent with the trend from recent years.
Looking back over the past five years, we see that the number of days of payables has ranged from 11.79 days to 19.01 days. This indicates some variation in the company's payment practices, with the lowest days of payables recorded in 2023 and the highest in 2020.
Overall, Pure Storage Inc's number of days of payables shows a relatively stable performance, with the company maintaining a prompt payment approach over the years. It is essential for the company to manage its payables effectively to maintain good relationships with its suppliers and optimize its working capital position.
Peer comparison
Feb 4, 2024