Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Dell Technologies Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Dell Technologies Inc. inventory turnover ratio deteriorated from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Dell Technologies Inc. receivables turnover ratio deteriorated from Q1 2025 to Q2 2025 but then slightly improved from Q2 2025 to Q3 2025. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Dell Technologies Inc. payables turnover ratio decreased from Q1 2025 to Q2 2025 but then slightly increased from Q2 2025 to Q3 2025. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Dell Technologies Inc. number of days of inventory outstanding deteriorated from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Dell Technologies Inc. number of days of receivables outstanding deteriorated from Q1 2025 to Q2 2025 but then slightly improved from Q2 2025 to Q3 2025. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Dell Technologies Inc. operating cycle deteriorated from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Dell Technologies Inc. number of days of payables outstanding increased from Q1 2025 to Q2 2025 but then slightly decreased from Q2 2025 to Q3 2025. |
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Dell Technologies Inc. cash conversion cycle deteriorated from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
Inventory Turnover
Dell Technologies Inc., inventory turnover calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cost of net revenue | 19,059) | 19,715) | 17,438) | 17,002) | 17,103) | 17,547) | 15,904) | 19,283) | 19,014) | 20,986) | 20,332) | 22,374) | 20,890) | 18,716) | 17,326) | 17,965) | 16,221) | 15,577) | 15,044) | 16,348) | 15,718) | 16,044) | 15,111) | |||||||
| Inventories | 6,652) | 5,953) | 4,782) | 3,622) | 3,381) | 3,584) | 4,016) | 4,776) | 6,172) | 5,883) | 6,277) | 5,898) | 5,442) | 4,223) | 3,828) | 3,402) | 3,393) | 3,602) | 3,616) | 3,281) | 3,257) | 3,135) | 3,360) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Inventory turnover1 | 11.01 | 11.97 | 14.45 | 18.65 | 20.66 | 20.02 | 18.72 | 16.67 | 13.40 | 14.38 | 13.11 | 13.45 | 13.76 | 16.63 | 17.53 | 19.05 | 18.62 | 17.40 | 17.47 | 19.27 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 30.63 | 28.87 | 33.80 | 33.32 | 32.57 | 33.82 | 29.54 | 29.24 | 32.36 | 45.20 | 40.43 | 40.07 | 36.69 | 32.37 | 39.55 | 37.48 | 36.21 | 41.75 | 42.55 | 49.75 | 40.54 | |||||||
| Arista Networks Inc. | — | — | — | — | 1.33 | 1.23 | 1.11 | 1.15 | 1.16 | 1.12 | 1.15 | 1.32 | 1.36 | 1.53 | 1.65 | 1.64 | 1.74 | 1.75 | 1.85 | 1.74 | 1.82 | 2.49 | 3.19 | |||||||
| Cisco Systems Inc. | — | — | 5.91 | 5.63 | 6.28 | 6.38 | 6.30 | 5.83 | 6.01 | 6.45 | 7.41 | 7.52 | 8.52 | 9.19 | 10.06 | 11.50 | 11.15 | 11.98 | 13.25 | 13.74 | 14.85 | 13.73 | 14.14 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 2.41 | 3.14 | 2.97 | 4.04 | 3.49 | 3.84 | 2.88 | 2.84 | 2.50 | 2.58 | 2.77 | 2.90 | 3.18 | 3.39 | 3.59 | 3.30 | 3.19 | 3.91 | 4.12 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Inventory turnover
= (Cost of net revenueQ3 2025
+ Cost of net revenueQ2 2025
+ Cost of net revenueQ1 2025
+ Cost of net revenueQ4 2024)
÷ Inventories
= (19,059 + 19,715 + 17,438 + 17,002)
÷ 6,652 = 11.01
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Dell Technologies Inc. inventory turnover ratio deteriorated from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
Receivables Turnover
Dell Technologies Inc., receivables turnover calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 24,366) | 25,026) | 22,244) | 22,318) | 22,251) | 22,934) | 20,922) | 25,039) | 24,721) | 26,425) | 26,116) | 27,992) | 26,424) | 24,191) | 22,590) | 26,112) | 23,482) | 22,733) | 21,897) | 24,032) | 22,844) | 23,370) | 21,908) | |||||||
| Accounts receivable, net of allowance | 11,189) | 11,391) | 8,563) | 9,343) | 9,720) | 10,351) | 9,399) | 12,482) | 11,431) | 13,431) | 11,837) | 12,912) | 14,177) | 12,914) | 10,909) | 12,788) | 11,377) | 11,643) | 10,797) | 12,484) | 11,447) | 11,586) | 10,517) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Receivables turnover1 | 8.40 | 8.06 | 10.48 | 9.46 | 9.38 | 9.04 | 10.33 | 8.20 | 9.21 | 7.96 | 8.85 | 7.84 | 7.01 | 7.46 | 8.70 | 7.37 | 8.10 | 7.86 | 8.53 | 7.38 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 13.35 | 11.70 | 16.92 | 17.48 | 16.63 | 12.99 | 19.64 | 21.47 | 16.32 | 13.99 | 17.77 | 18.55 | 12.52 | 13.92 | 19.87 | 17.59 | 10.85 | 17.03 | 15.31 | 17.04 | 12.77 | |||||||
| Arista Networks Inc. | — | — | — | — | 5.85 | 5.14 | 5.58 | 5.72 | 6.71 | 6.75 | 5.63 | 4.75 | 6.03 | 5.98 | 4.87 | 5.71 | 7.01 | 7.22 | 6.47 | 5.95 | 7.40 | 5.92 | 6.64 | |||||||
| Cisco Systems Inc. | — | — | 11.89 | 8.05 | 10.80 | 11.72 | 12.01 | 9.74 | 10.76 | 10.15 | 9.61 | 7.79 | 8.92 | 8.59 | 9.57 | 8.64 | 11.04 | 11.15 | 12.08 | 9.01 | 11.07 | 11.91 | 10.66 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 7.16 | 6.16 | 8.74 | 6.20 | 9.78 | 8.65 | 8.17 | 6.23 | 6.81 | 8.38 | 8.36 | 7.67 | 8.31 | 10.10 | 10.23 | 8.27 | 9.90 | 9.07 | 9.35 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Receivables turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Accounts receivable, net of allowance
= (24,366 + 25,026 + 22,244 + 22,318)
÷ 11,189 = 8.40
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Dell Technologies Inc. receivables turnover ratio deteriorated from Q1 2025 to Q2 2025 but then slightly improved from Q2 2025 to Q3 2025. |
Payables Turnover
Dell Technologies Inc., payables turnover calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Cost of net revenue | 19,059) | 19,715) | 17,438) | 17,002) | 17,103) | 17,547) | 15,904) | 19,283) | 19,014) | 20,986) | 20,332) | 22,374) | 20,890) | 18,716) | 17,326) | 17,965) | 16,221) | 15,577) | 15,044) | 16,348) | 15,718) | 16,044) | 15,111) | |||||||
| Accounts payable | 23,400) | 24,095) | 20,586) | 19,389) | 19,478) | 19,969) | 17,796) | 18,598) | 22,507) | 25,339) | 25,585) | 27,143) | 26,772) | 23,029) | 21,545) | 21,696) | 19,792) | 19,500) | 18,432) | 20,065) | 19,443) | 19,411) | 18,097) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Payables turnover1 | 3.13 | 2.96 | 3.36 | 3.48 | 3.59 | 3.59 | 4.22 | 4.28 | 3.67 | 3.34 | 3.22 | 2.92 | 2.80 | 3.05 | 3.11 | 2.99 | 3.19 | 3.21 | 3.43 | 3.15 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 3.42 | 3.05 | 4.38 | 4.54 | 3.65 | 3.42 | 4.65 | 5.10 | 3.81 | 3.49 | 4.54 | 4.15 | 2.90 | 3.89 | 5.07 | 4.88 | 2.82 | 4.01 | 4.79 | 5.12 | 3.68 | |||||||
| Arista Networks Inc. | — | — | — | — | 8.14 | 7.63 | 10.09 | 5.13 | 8.16 | 5.95 | 5.84 | 7.33 | 5.39 | 4.74 | 5.61 | 5.27 | 7.39 | 6.54 | 6.52 | 6.23 | 4.89 | 6.63 | 9.86 | |||||||
| Cisco Systems Inc. | — | — | 9.31 | 8.24 | 9.53 | 11.08 | 10.11 | 9.19 | 8.55 | 8.69 | 8.53 | 8.47 | 8.31 | 9.00 | 8.15 | 7.59 | 7.22 | 9.22 | 7.53 | 7.94 | 7.52 | 9.60 | 9.43 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 9.09 | 6.13 | 5.63 | 7.52 | 8.38 | 9.76 | 6.38 | 6.71 | 5.09 | 5.18 | 5.82 | 4.94 | 6.18 | 6.91 | 8.33 | 6.74 | 5.97 | 7.02 | 8.51 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Payables turnover
= (Cost of net revenueQ3 2025
+ Cost of net revenueQ2 2025
+ Cost of net revenueQ1 2025
+ Cost of net revenueQ4 2024)
÷ Accounts payable
= (19,059 + 19,715 + 17,438 + 17,002)
÷ 23,400 = 3.13
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Dell Technologies Inc. payables turnover ratio decreased from Q1 2025 to Q2 2025 but then slightly increased from Q2 2025 to Q3 2025. |
Working Capital Turnover
Dell Technologies Inc., working capital turnover calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Current assets | 38,035) | 37,543) | 34,627) | 35,947) | 36,987) | 38,999) | 37,392) | 42,351) | 38,787) | 42,262) | 41,376) | 45,033) | 57,179) | 43,555) | 42,339) | 43,567) | 38,614) | 41,090) | 40,931) | 36,868) | 34,772) | 35,316) | 33,655) | |||||||
| Less: Current liabilities | 49,500) | 52,033) | 47,734) | 48,494) | 48,877) | 50,942) | 46,825) | 51,654) | 52,007) | 54,789) | 53,059) | 56,219) | 69,702) | 55,483) | 54,856) | 54,132) | 50,302) | 54,288) | 50,011) | 52,456) | 49,055) | 47,020) | 43,479) | |||||||
| Working capital | (11,465) | (14,490) | (13,107) | (12,547) | (11,890) | (11,943) | (9,433) | (9,303) | (13,220) | (12,527) | (11,683) | (11,186) | (12,523) | (11,928) | (12,517) | (10,565) | (11,688) | (13,198) | (9,080) | (15,588) | (14,283) | (11,704) | (9,824) | |||||||
| Net revenue | 24,366) | 25,026) | 22,244) | 22,318) | 22,251) | 22,934) | 20,922) | 25,039) | 24,721) | 26,425) | 26,116) | 27,992) | 26,424) | 24,191) | 22,590) | 26,112) | 23,482) | 22,733) | 21,897) | 24,032) | 22,844) | 23,370) | 21,908) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Working capital turnover1 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | — | — | — | 83.07 | 39.69 | — | — | — | — | — | — | — | 67.80 | 39.10 | 52.06 | 21.58 | 13.62 | 7.16 | 6.12 | 5.62 | 4.38 | |||||||
| Arista Networks Inc. | — | — | — | — | 0.78 | 0.82 | 0.85 | 0.90 | 0.96 | 1.01 | 1.04 | 1.03 | 1.04 | 1.01 | 0.85 | 0.80 | 0.76 | 0.76 | 0.77 | 0.76 | 0.74 | 0.77 | 0.85 | |||||||
| Cisco Systems Inc. | — | — | — | — | — | 5.08 | 4.60 | 4.73 | 4.89 | 4.72 | 4.65 | 4.65 | 4.36 | 4.74 | 3.54 | 3.88 | 3.82 | 2.89 | 3.00 | 2.70 | 3.29 | 2.87 | 3.04 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 1.86 | 3.25 | 3.76 | 3.95 | 4.05 | 3.84 | 3.94 | 3.89 | 3.91 | 3.81 | 4.09 | 3.96 | 3.95 | 3.74 | 3.71 | 3.77 | 3.82 | 3.85 | 4.00 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Working capital turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Working capital
= (24,366 + 25,026 + 22,244 + 22,318)
÷ -11,465 = —
2 Click competitor name to see calculations.
Average Inventory Processing Period
Dell Technologies Inc., average inventory processing period calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Inventory turnover | 11.01 | 11.97 | 14.45 | 18.65 | 20.66 | 20.02 | 18.72 | 16.67 | 13.40 | 14.38 | 13.11 | 13.45 | 13.76 | 16.63 | 17.53 | 19.05 | 18.62 | 17.40 | 17.47 | 19.27 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average inventory processing period1 | 33 | 30 | 25 | 20 | 18 | 18 | 19 | 22 | 27 | 25 | 28 | 27 | 27 | 22 | 21 | 19 | 20 | 21 | 21 | 19 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 12 | 13 | 11 | 11 | 11 | 11 | 12 | 12 | 11 | 8 | 9 | 9 | 10 | 11 | 9 | 10 | 10 | 9 | 9 | 7 | 9 | |||||||
| Arista Networks Inc. | — | — | — | — | 274 | 298 | 328 | 318 | 315 | 325 | 318 | 276 | 268 | 239 | 221 | 222 | 210 | 209 | 197 | 210 | 200 | 147 | 114 | |||||||
| Cisco Systems Inc. | — | — | 62 | 65 | 58 | 57 | 58 | 63 | 61 | 57 | 49 | 49 | 43 | 40 | 36 | 32 | 33 | 30 | 28 | 27 | 25 | 27 | 26 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 152 | 116 | 123 | 90 | 105 | 95 | 127 | 128 | 146 | 141 | 132 | 126 | 115 | 108 | 102 | 110 | 114 | 93 | 89 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 11.01 = 33
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Dell Technologies Inc. number of days of inventory outstanding deteriorated from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
Average Receivable Collection Period
Dell Technologies Inc., average receivable collection period calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Receivables turnover | 8.40 | 8.06 | 10.48 | 9.46 | 9.38 | 9.04 | 10.33 | 8.20 | 9.21 | 7.96 | 8.85 | 7.84 | 7.01 | 7.46 | 8.70 | 7.37 | 8.10 | 7.86 | 8.53 | 7.38 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average receivable collection period1 | 43 | 45 | 35 | 39 | 39 | 40 | 35 | 45 | 40 | 46 | 41 | 47 | 52 | 49 | 42 | 50 | 45 | 46 | 43 | 49 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 27 | 31 | 22 | 21 | 22 | 28 | 19 | 17 | 22 | 26 | 21 | 20 | 29 | 26 | 18 | 21 | 34 | 21 | 24 | 21 | 29 | |||||||
| Arista Networks Inc. | — | — | — | — | 62 | 71 | 65 | 64 | 54 | 54 | 65 | 77 | 61 | 61 | 75 | 64 | 52 | 51 | 56 | 61 | 49 | 62 | 55 | |||||||
| Cisco Systems Inc. | — | — | 31 | 45 | 34 | 31 | 30 | 37 | 34 | 36 | 38 | 47 | 41 | 43 | 38 | 42 | 33 | 33 | 30 | 41 | 33 | 31 | 34 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 51 | 59 | 42 | 59 | 37 | 42 | 45 | 59 | 54 | 44 | 44 | 48 | 44 | 36 | 36 | 44 | 37 | 40 | 39 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 8.40 = 43
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Dell Technologies Inc. number of days of receivables outstanding deteriorated from Q1 2025 to Q2 2025 but then slightly improved from Q2 2025 to Q3 2025. |
Operating Cycle
Dell Technologies Inc., operating cycle calculation (quarterly data)
No. days
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Average inventory processing period | 33 | 30 | 25 | 20 | 18 | 18 | 19 | 22 | 27 | 25 | 28 | 27 | 27 | 22 | 21 | 19 | 20 | 21 | 21 | 19 | — | — | — | |||||||
| Average receivable collection period | 43 | 45 | 35 | 39 | 39 | 40 | 35 | 45 | 40 | 46 | 41 | 47 | 52 | 49 | 42 | 50 | 45 | 46 | 43 | 49 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Operating cycle1 | 76 | 75 | 60 | 59 | 57 | 58 | 54 | 67 | 67 | 71 | 69 | 74 | 79 | 71 | 63 | 69 | 65 | 67 | 64 | 68 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 39 | 44 | 33 | 32 | 33 | 39 | 31 | 29 | 33 | 34 | 30 | 29 | 39 | 37 | 27 | 31 | 44 | 30 | 33 | 28 | 38 | |||||||
| Arista Networks Inc. | — | — | — | — | 336 | 369 | 393 | 382 | 369 | 379 | 383 | 353 | 329 | 300 | 296 | 286 | 262 | 260 | 253 | 271 | 249 | 209 | 169 | |||||||
| Cisco Systems Inc. | — | — | 93 | 110 | 92 | 88 | 88 | 100 | 95 | 93 | 87 | 96 | 84 | 83 | 74 | 74 | 66 | 63 | 58 | 68 | 58 | 58 | 60 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 203 | 175 | 165 | 149 | 142 | 137 | 172 | 187 | 200 | 185 | 176 | 174 | 159 | 144 | 138 | 154 | 151 | 133 | 128 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 33 + 43 = 76
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Dell Technologies Inc. operating cycle deteriorated from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
Average Payables Payment Period
Dell Technologies Inc., average payables payment period calculation (quarterly data)
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Payables turnover | 3.13 | 2.96 | 3.36 | 3.48 | 3.59 | 3.59 | 4.22 | 4.28 | 3.67 | 3.34 | 3.22 | 2.92 | 2.80 | 3.05 | 3.11 | 2.99 | 3.19 | 3.21 | 3.43 | 3.15 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average payables payment period1 | 117 | 123 | 109 | 105 | 102 | 102 | 86 | 85 | 99 | 109 | 113 | 125 | 130 | 120 | 117 | 122 | 114 | 114 | 107 | 116 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | 107 | 120 | 83 | 80 | 100 | 107 | 79 | 72 | 96 | 105 | 80 | 88 | 126 | 94 | 72 | 75 | 129 | 91 | 76 | 71 | 99 | |||||||
| Arista Networks Inc. | — | — | — | — | 45 | 48 | 36 | 71 | 45 | 61 | 62 | 50 | 68 | 77 | 65 | 69 | 49 | 56 | 56 | 59 | 75 | 55 | 37 | |||||||
| Cisco Systems Inc. | — | — | 39 | 44 | 38 | 33 | 36 | 40 | 43 | 42 | 43 | 43 | 44 | 41 | 45 | 48 | 51 | 40 | 48 | 46 | 49 | 38 | 39 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 40 | 60 | 65 | 49 | 44 | 37 | 57 | 54 | 72 | 70 | 63 | 74 | 59 | 53 | 44 | 54 | 61 | 52 | 43 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 3.13 = 117
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Dell Technologies Inc. number of days of payables outstanding increased from Q1 2025 to Q2 2025 but then slightly decreased from Q2 2025 to Q3 2025. |
Cash Conversion Cycle
Dell Technologies Inc., cash conversion cycle calculation (quarterly data)
No. days
| Nov 1, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Average inventory processing period | 33 | 30 | 25 | 20 | 18 | 18 | 19 | 22 | 27 | 25 | 28 | 27 | 27 | 22 | 21 | 19 | 20 | 21 | 21 | 19 | — | — | — | |||||||
| Average receivable collection period | 43 | 45 | 35 | 39 | 39 | 40 | 35 | 45 | 40 | 46 | 41 | 47 | 52 | 49 | 42 | 50 | 45 | 46 | 43 | 49 | — | — | — | |||||||
| Average payables payment period | 117 | 123 | 109 | 105 | 102 | 102 | 86 | 85 | 99 | 109 | 113 | 125 | 130 | 120 | 117 | 122 | 114 | 114 | 107 | 116 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Cash conversion cycle1 | -41 | -48 | -49 | -46 | -45 | -44 | -32 | -18 | -32 | -38 | -44 | -51 | -51 | -49 | -54 | -53 | -49 | -47 | -43 | -48 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||||||
| Apple Inc. | — | — | -68 | -76 | -50 | -48 | -67 | -68 | -48 | -43 | -63 | -71 | -50 | -59 | -87 | -57 | -45 | -44 | -85 | -61 | -43 | -43 | -61 | |||||||
| Arista Networks Inc. | — | — | — | — | 291 | 321 | 357 | 311 | 324 | 318 | 321 | 303 | 261 | 223 | 231 | 217 | 213 | 204 | 197 | 212 | 174 | 154 | 132 | |||||||
| Cisco Systems Inc. | — | — | 54 | 66 | 54 | 55 | 52 | 60 | 52 | 51 | 44 | 53 | 40 | 42 | 29 | 26 | 15 | 23 | 10 | 22 | 9 | 20 | 21 | |||||||
| Super Micro Computer Inc. | — | — | — | — | 163 | 115 | 100 | 100 | 98 | 100 | 115 | 133 | 128 | 115 | 113 | 100 | 100 | 91 | 94 | 100 | 90 | 81 | 85 | |||||||
Based on: 10-Q (reporting date: 2024-11-01), 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03).
1 Q3 2025 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 33 + 43 – 117 = -41
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Dell Technologies Inc. cash conversion cycle deteriorated from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |