Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Analysis of Short-term (Operating) Activity Ratios 

Microsoft Excel

Short-term Activity Ratios (Summary)

Salesforce Inc., short-term (operating) activity ratios

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Turnover Ratios
Receivables turnover 3.05 2.92 2.72 2.73 2.77 2.70
Payables turnover
Working capital turnover 14.27 62.21 24.95 5.11 15.29
Average No. Days
Average receivable collection period 120 125 134 134 132 135
Average payables payment period

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Salesforce Inc. receivables turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Salesforce Inc. working capital turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

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. Salesforce Inc. number of days of receivables outstanding improved from 2022 to 2023 and from 2023 to 2024.

Receivables Turnover

Salesforce Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Selected Financial Data (US$ in millions)
Revenues 34,857 31,352 26,492 21,252 17,098 13,282
Accounts receivable, net 11,414 10,755 9,739 7,786 6,174 4,924
Short-term Activity Ratio
Receivables turnover1 3.05 2.92 2.72 2.73 2.77 2.70
Benchmarks
Receivables Turnover, Competitors2
Accenture PLC 5.47 6.00 5.87 5.74 6.16 5.79
Adobe Inc. 8.73 8.53 8.41 9.20 7.28
Autodesk Inc. 6.28 5.21 6.13 5.89 5.02 5.42
Cadence Design Systems Inc. 8.36 7.32 8.85 7.93 7.67
CrowdStrike Holdings Inc. 3.58 3.58 3.94 3.66 2.92
International Business Machines Corp. 8.57 9.25 8.49 10.32 9.80
Intuit Inc. 35.63 35.48 28.53 24.64 51.54 77.98
Microsoft Corp. 4.31 4.35 4.48 4.42 4.47 4.26
Oracle Corp. 6.73 7.22 7.13 7.48 7.04 7.69
Palo Alto Networks Inc. 3.07 2.80 2.57 3.43 3.29 4.98
ServiceNow Inc. 4.41 4.20 4.24 4.48 4.14
Synopsys Inc. 6.17 6.38 7.40 4.72 6.07
Receivables Turnover, Sector
Software & Services 5.15 5.21 5.24 5.59 5.59
Receivables Turnover, Industry
Information Technology 7.37 7.42 7.55 8.00 7.59

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Receivables turnover = Revenues ÷ Accounts receivable, net
= 34,857 ÷ 11,414 = 3.05

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. Salesforce Inc. receivables turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Payables Turnover

Salesforce Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Selected Financial Data (US$ in millions)
Cost of revenues 8,541 8,360 7,026 5,438 4,235 3,451
Accounts payable
Short-term Activity Ratio
Payables turnover1
Benchmarks
Payables Turnover, Competitors2
Accenture PLC 15.94 17.41 16.37 15.03 22.48 18.16
Adobe Inc. 7.50 5.71 5.98 5.63 7.98
Autodesk Inc. 5.11 4.71 3.46 2.75 3.88 2.81
Cadence Design Systems Inc. 4.77 7.89
CrowdStrike Holdings Inc. 26.82 13.25 8.05 19.03 105.30
International Business Machines Corp. 6.67 6.87 6.54 7.75 8.30
Intuit Inc. 4.81 4.93 3.26 2.70 4.52 4.26
Microsoft Corp. 3.37 3.64 3.30 3.44 3.68 4.57
Oracle Corp. 6.42 11.27 6.74 10.54 12.46 13.78
Palo Alto Networks Inc. 17.71 14.43 13.43 22.41 15.72 11.03
ServiceNow Inc. 15.25 5.74 15.20 28.83 15.04
Synopsys Inc. 7.84 28.30 31.44 26.49 38.00
Payables Turnover, Sector
Software & Services 6.20 5.52 5.71 6.58 7.58
Payables Turnover, Industry
Information Technology 4.87 4.54 4.99 5.35 5.27

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Payables turnover = Cost of revenues ÷ Accounts payable
= 8,541 ÷ 0 =

2 Click competitor name to see calculations.


Working Capital Turnover

Salesforce Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Selected Financial Data (US$ in millions)
Current assets 29,074 26,395 22,850 21,889 15,963 10,683
Less: Current liabilities 26,631 25,891 21,788 17,728 14,845 11,255
Working capital 2,443 504 1,062 4,161 1,118 (572)
 
Revenues 34,857 31,352 26,492 21,252 17,098 13,282
Short-term Activity Ratio
Working capital turnover1 14.27 62.21 24.95 5.11 15.29
Benchmarks
Working Capital Turnover, Competitors2
Accenture PLC 34.49 11.93 15.07 12.77 8.71 9.85
Adobe Inc. 6.85 20.28 9.09 4.89
Autodesk Inc.
Cadence Design Systems Inc. 10.61 9.92 4.01 3.94 4.70
CrowdStrike Holdings Inc. 1.48 1.46 1.25 0.61 0.71
International Business Machines Corp. 107.30
Intuit Inc. 7.45 8.13 8.98 3.85 1.73 4.17
Microsoft Corp. 7.12 2.65 2.66 1.76 1.30 1.19
Oracle Corp. 3.50 1.29 1.12 1.42
Palo Alto Networks Inc. 1.40 1.80
ServiceNow Inc. 21.77 11.16 21.76 5.76 46.69
Synopsys Inc. 13.12 21.34 10.65 9.00
Working Capital Turnover, Sector
Software & Services 5.54 4.91 2.81 2.20 2.37
Working Capital Turnover, Industry
Information Technology 5.24 5.71 3.86 2.86 3.06

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Working capital turnover = Revenues ÷ Working capital
= 34,857 ÷ 2,443 = 14.27

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Salesforce Inc. working capital turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Average Receivable Collection Period

Salesforce Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Selected Financial Data
Receivables turnover 3.05 2.92 2.72 2.73 2.77 2.70
Short-term Activity Ratio (no. days)
Average receivable collection period1 120 125 134 134 132 135
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Accenture PLC 67 61 62 64 59 63
Adobe Inc. 42 43 43 40 50
Autodesk Inc. 58 70 60 62 73 67
Cadence Design Systems Inc. 44 50 41 46 48
CrowdStrike Holdings Inc. 102 102 93 100 125
International Business Machines Corp. 43 39 43 35 37
Intuit Inc. 10 10 13 15 7 5
Microsoft Corp. 85 84 81 83 82 86
Oracle Corp. 54 51 51 49 52 47
Palo Alto Networks Inc. 119 130 142 106 111 73
ServiceNow Inc. 83 87 86 82 88
Synopsys Inc. 59 57 49 77 60
Average Receivable Collection Period, Sector
Software & Services 71 70 70 65 65
Average Receivable Collection Period, Industry
Information Technology 50 49 48 46 48

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 3.05 = 120

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. Salesforce Inc. number of days of receivables outstanding improved from 2022 to 2023 and from 2023 to 2024.

Average Payables Payment Period

Salesforce Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Selected Financial Data
Payables turnover
Short-term Activity Ratio (no. days)
Average payables payment period1
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Accenture PLC 23 21 22 24 16 20
Adobe Inc. 49 64 61 65 46
Autodesk Inc. 71 78 105 133 94 130
Cadence Design Systems Inc. 77 46
CrowdStrike Holdings Inc. 14 28 45 19 3
International Business Machines Corp. 55 53 56 47 44
Intuit Inc. 76 74 112 135 81 86
Microsoft Corp. 108 100 111 106 99 80
Oracle Corp. 57 32 54 35 29 26
Palo Alto Networks Inc. 21 25 27 16 23 33
ServiceNow Inc. 24 64 24 13 24
Synopsys Inc. 47 13 12 14 10
Average Payables Payment Period, Sector
Software & Services 59 66 64 55 48
Average Payables Payment Period, Industry
Information Technology 75 80 73 68 69

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =

2 Click competitor name to see calculations.