Pure Storage Inc (PSTG)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 26.13 | 20.70 | 20.94 | 30.36 | 19.34 | 30.22 | 31.67 | 24.72 | 34.30 | 29.07 | 38.03 | 22.30 | 16.16 | 25.56 | 22.37 | 18.68 | 23.80 | 21.32 | 17.23 | 11.76 | |
| Number of days of payables | days | 13.97 | 17.63 | 17.43 | 12.02 | 18.88 | 12.08 | 11.53 | 14.77 | 10.64 | 12.56 | 9.60 | 16.37 | 22.58 | 14.28 | 16.31 | 19.54 | 15.34 | 17.12 | 21.18 | 31.05 |
February 4, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 26.13
= 13.97
The number of days of payables for Pure Storage Inc has fluctuated over the past two years, with values ranging from as low as 9.60 days to as high as 31.05 days. This metric indicates the average number of days it takes for the company to pay its suppliers or creditors after receiving goods or services. A lower number of days suggests that Pure Storage is efficient in managing its payables and has a shorter cash conversion cycle. Conversely, a higher number of days may indicate that the company is taking longer to settle its obligations, possibly for strategic reasons or due to liquidity constraints. It is important for stakeholders to monitor this ratio over time to understand Pure Storage's payment practices and their impact on cash flow and working capital management.
Peer comparison
Feb 4, 2024