Pure Storage Inc (PSTG)
Receivables turnover
| Jan 31, 2025 | Feb 4, 2024 | Jan 31, 2024 | Feb 5, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,168,160 | 2,817,430 | 2,830,620 | 2,740,340 | 2,753,430 |
| Receivables | US$ in thousands | — | 662,179 | — | 612,491 | — |
| Receivables turnover | — | 4.25 | — | 4.47 | — |
January 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,168,160K ÷ $—K
= —
The receivables turnover ratio measures how efficiently Pure Storage Inc is collecting its accounts receivable during a specific period. Looking at the data provided:
- For February 5, 2023, the receivables turnover was 4.47, indicating that Pure Storage Inc collected its accounts receivable approximately 4.47 times during that period.
- For February 4, 2024, the receivables turnover was 4.25, suggesting a slight decrease in the rate of collection compared to the previous year.
- The lack of data for January 31, 2023, and January 31, 2024, makes it challenging to analyze the trend over a longer timespan.
Overall, a higher receivables turnover ratio is generally preferred as it signifies that Pure Storage Inc is efficiently collecting its accounts receivable, converting them into cash quickly. In this case, the company's receivables turnover ratios for the available periods seem reasonable, indicating sound management of accounts receivable collections. However, the lack of data for certain periods limits our ability to provide a more comprehensive analysis of the trend in Pure Storage Inc's receivables turnover over time.
Peer comparison
Jan 31, 2025