Pure Storage Inc (PSTG)
Receivables turnover
| Feb 4, 2024 | Feb 5, 2023 | Feb 6, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,817,430 | 2,740,340 | 2,138,940 | 1,655,280 | 1,612,150 |
| Receivables | US$ in thousands | 662,179 | 612,491 | 542,144 | 460,879 | 458,643 |
| Receivables turnover | 4.25 | 4.47 | 3.95 | 3.59 | 3.52 |
February 4, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,817,430K ÷ $662,179K
= 4.25
The receivables turnover ratio of Pure Storage Inc has shown a fluctuating trend over the past five years. It decreased from 3.52 in Feb 2, 2020, to 3.59 in Jan 31, 2021, before increasing to 3.95 in Feb 6, 2022. The ratio further improved to 4.47 in Feb 5, 2023, but then slightly decreased to 4.25 in Feb 4, 2024.
Overall, Pure Storage Inc's management of receivables turnover has been relatively stable, indicating the efficiency of the company in collecting outstanding receivables from customers. The upward trend in recent years suggests potential improvements in their credit and collection policies, contributing to a more effective management of accounts receivables.
Peer comparison
Feb 4, 2024