Days Inventory is also known as Days Sales of Inventory (DSI). Pure Storage's Average Total Inventories for the
three
months ended in Jan. 2024 was $44 Mil. Pure Storage's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $221 Mil.
Hence, Pure Storage's Days Inventory for the
three
months ended in Jan. 2024 was 18.32.
The historical rank and industry rank for Pure Storage's Days Inventory or its related term are showing as below:
PSTG'
s Days Inventory Range Over the Past 10 Years
Min: 19 Med: 29.85 Max: 69.41
Current: 21.5
During the past 11 years, Pure Storage's highest Days Inventory was 69.41. The lowest was 19.00. And the median was 29.85.
PSTG's Days Inventory is ranked better than 95.64% of 2407
companies
in the Hardware industry
Industry Median: 102.45
vs PSTG: 21.50
Pure Storage's Days Inventory
declined
from Jan. 2023 (20.14) to Jan. 2024 (18.32).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Pure Storage's Inventory Turnover for the
three
months ended in Jan. 2024 was 4.98.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Pure Storage's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 0.06.
Pure Storage Days Inventory Historical Data
The historical data trend for Pure Storage's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Pure Storage's Days Inventory
For the Computer Hardware subindustry, Pure Storage's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Pure Storage's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Pure Storage's Days Inventory distribution charts can be found below:
* The bar in red indicates where Pure Storage's Days Inventory falls into.
Pure Storage Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Pure Storage's Days Inventory for the fiscal year that ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Pure Storage (NYSE:PSTG) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Pure Storage's Inventory Turnover for the
three
months ended in Jan. 2024 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Pure Storage's Inventory to Revenue for the
three
months ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Pure Storage Days Inventory Related Terms
Thank you for viewing the detailed overview of Pure Storage's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Pure Storage Inc is a US-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.
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