Pure Storage Inc (PSTG)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,045,861 | 2,925,792 | 2,812,791 | 2,740,340 | 2,620,290 | 2,503,928 | 2,347,376 | 2,138,936 | 1,939,256 | 1,789,279 | 1,701,785 | 1,655,283 | 1,642,376 | 1,661,874 | 1,651,679 | 1,612,149 | 1,523,755 | 1,475,105 | 1,395,086 | 1,332,979 |
| Receivables | US$ in thousands | 662,179 | 636,324 | 525,260 | 612,491 | — | — | — | 542,144 | 354,179 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 4.60 | 4.60 | 5.36 | 4.47 | — | — | — | 3.95 | 5.48 | — | — | — | — | — | — | — | — | — | — | — |
February 4, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,045,861K ÷ $662,179K
= 4.60
The receivables turnover ratio for Pure Storage Inc has been fairly consistent over the past few periods, ranging from 3.95 to 5.48. This ratio indicates how efficiently the company is collecting its accounts receivable during a specific period. A higher receivables turnover ratio suggests that the company is collecting its outstanding receivables more quickly.
Based on the data provided, the company's receivables turnover appears to have improved slightly in the most recent period compared to the earlier periods. However, there are missing data points which might make it challenging to identify any significant trends or patterns over time.
Overall, a stable or increasing receivables turnover ratio can be seen as a positive sign of effective credit and collection policies by Pure Storage Inc, ensuring that the company is managing its receivables efficiently. It is important for the company to continue monitoring this ratio to ensure consistent cash flow and profitability.
Peer comparison
Feb 4, 2024