Pure Storage Inc (PSTG)
Working capital 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 |
| Total current assets | US$ in thousands | 2,567,280 | 2,498,050 | 2,498,050 | 2,474,860 | 2,476,800 |
| Total current liabilities | US$ in thousands | 1,596,540 | 1,365,680 | 1,365,680 | 1,749,870 | 1,751,810 |
| Working capital turnover | 3.26 | 2.49 | 2.50 | 3.78 | 3.80 |
January 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,168,160K ÷ ($2,567,280K – $1,596,540K)
= 3.26
The working capital turnover of Pure Storage Inc has shown some fluctuations over the years. In January 2023, the working capital turnover was 3.80, indicating that the company generated $3.80 in revenue for every dollar of working capital invested. This ratio decreased slightly to 3.78 in February 2023.
However, in January 2024, there was a more significant drop in the working capital turnover to 2.50, suggesting a decrease in efficiency in utilizing working capital to generate revenue. This trend continued with a slight decrease to 2.49 in February 2024.
On a positive note, the working capital turnover improved in January 2025 to 3.26, although it did not reach the levels seen in early 2023. This indicates that the company improved its efficiency in generating revenue relative to the amount of working capital used during that period.
Overall, Pure Storage Inc's working capital turnover has shown variability over the years, with a range from 2.49 to 3.80. Analyzing the working capital turnover ratio can be beneficial for evaluating how effectively the company is managing its working capital to generate revenue.
Peer comparison
Jan 31, 2025