Pure Storage (STU:6PU) Days Payable : 38.56 (As of Jan. 2024)

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What is Pure Storage Days Payable?

Pure Storage's average Accounts Payable for the three months ended in Jan. 2024 was €86 Mil. Pure Storage's Cost of Goods Sold for the three months ended in Jan. 2024 was €203 Mil. Hence, Pure Storage's Days Payable for the three months ended in Jan. 2024 was 38.56.

The historical rank and industry rank for Pure Storage's Days Payable or its related term are showing as below:

STU:6PU' s Days Payable Range Over the Past 10 Years
Min: 29.39 Med: 51.49 Max: 74.94
Current: 37.91

During the past 11 years, Pure Storage's highest Days Payable was 74.94. The lowest was 29.39. And the median was 51.49.

STU:6PU's Days Payable is ranked worse than
80.46% of 2421 companies
in the Hardware industry
Industry Median: 67.77 vs STU:6PU: 37.91

Pure Storage's Days Payable increased from Jan. 2023 (32.93) to Jan. 2024 (38.56). It may suggest that Pure Storage delayed paying its suppliers.

Pure Storage Days Payable Historical Data

The historical data trend for Pure Storage's Days Payable 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.

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Pure Storage Days Payable Chart

Pure Storage Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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63.80

52.08

34.38

28.68

33.96

Pure Storage Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															32.93	36.21	38.38	42.27	38.56

Competitive Comparison of Pure Storage's Days Payable

For the Computer Hardware subindustry, Pure Storage's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Pure Storage's Days Payable distribution charts can be found below:

* The bar in red indicates where Pure Storage's Days Payable falls into.

Pure Storage Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Pure Storage's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (62.288	+	75.971)	/	2 )	/	743.057	*	365
=	69.1295					/	743.057	*	365
=	33.96

Pure Storage's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (95.734	+	75.971)	/	2 )	/	203.154	*	365 / 4
=	85.8525					/	203.154	*	365 / 4
=	38.56

Pure Storage Days Payable Related Terms

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Pure Storage (STU:6PU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pure Storage Inc (STU:6PU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PSTG:USA

Address

650 Castro Street, Suite 400, Mountain View, CA, USA, 94041

Website

http://www.purestorage.com

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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