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Pure Storage (Pure Storage) Total Inventories : $43 Mil (As of Jan. 2024)


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What is Pure Storage Total Inventories?

Pure Storage's total inventories for the quarter that ended in Jan. 2024 was $43 Mil. Pure Storage's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $44 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pure Storage's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-1.05.

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 Turnover measures how fast the company turns over its inventory within a year. Pure Storage's Inventory Turnover for the quarter that 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 quarter that ended in Jan. 2024 was 0.06.


Pure Storage Total Inventories Historical Data

The historical data trend for Pure Storage's Total Inventories 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.

* Premium members only.

Pure Storage Total Inventories Chart

Pure Storage Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.52 46.73 38.94 50.15 42.66

Pure Storage Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.15 51.82 47.50 46.21 42.66

Pure Storage Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Pure Storage  (NYSE:PSTG) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Pure Storage's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

Net-Net Working Capital Per Share (Q: Jan. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1531.093+0.75 * 662.179+0.5 * 42.663-2385.666
-0-0)/319.523
=-1.05

2. 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

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover=Cost of Goods Sold (Q: Jan. 2024 ) / Average Total Inventories (Q: Jan. 2024 )
=221.301 / 44.437
=4.98

4. 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

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Pure Storage Total Inventories Related Terms

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Pure Storage (Pure Storage) Business Description

Traded in Other Exchanges
Address
650 Castro Street, Suite 400, Mountain View, CA, USA, 94041
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