Pure Storage (Pure Storage) Inventory Turnover : 4.98 (As of Jan. 2024)

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What is Pure Storage Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Pure Storage's Cost of Goods Sold for the three months ended in Jan. 2024 was $221 Mil. Pure Storage's Average Total Inventories for the quarter that ended in Jan. 2024 was $44 Mil. Pure Storage's Inventory Turnover for the quarter that ended in Jan. 2024 was 4.98.

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 three months ended in Jan. 2024 was 18.32.

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 quarter that ended in Jan. 2024 was 0.06.

Pure Storage Inventory Turnover Historical Data

The historical data trend for Pure Storage's Inventory Turnover 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 Inventory Turnover Chart

Pure Storage Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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12.26

12.56

16.54

19.21

17.44

Pure Storage Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															4.53	3.45	4.07	4.48	4.98

Pure Storage Inventory Turnover Calculation

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

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	809.43	/ (	(50.152	+	42.663)	/	2 )
=	809.43	/	46.4075
=	17.44

Pure Storage's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	221.301	/ (	(46.211	+	42.663)	/	2 )
=	221.301	/	44.437
=	4.98

Pure Storage (NYSE:PSTG) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	44.437	/	221.301	*	365 / 4
	=	18.32

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 quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	44.437	/	789.805
	=	0.06

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Pure Storage Inventory Turnover Related Terms

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Pure Storage (Pure Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pure Storage Inc (NYSE:PSTG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

6PU:Germany

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.

Executives

P. Kevan Krysler	officer: Chief Financial Officer	3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Roxanne Taylor	director	PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Gregory Tomb	director	650 CASTRO ST, SUITE 400, MOUNTAIN VIEW CA 94041
Mona Chu	officer: Chief Accounting Officer	650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Mallun Yen	director	1 MARKET PLAZA, STEUART TOWER, SUITE 800, SAN FRANCISCO CA 94105
Brown Andrew William Fraser	director	C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403
John Francis Murphy	director	2250 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245
Dan Fitzsimons	officer: Chief Revenue Officer	C/O PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Ajay Singh	officer: Chief Product Officer	PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Anita M Sands	director	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Scott Dietzen	director, officer: Chief Executive Officer	C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041
Paul S Mountford	officer: Chief Operating Officer	950 WEST MAUDE AVE, SUNNYVALE CA 94085
Timothy Riitters	officer: Chief Financial Officer	C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041
Taylor Susan J.s.	director	C/O LINKEDIN CORPORATION, 2029 STIERLIN COURT, MOUNTAIN VIEW CA 94043
John Colgrove	director, officer: Chief Technology Officer	C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041