Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Analysis of Short-term (Operating) Activity Ratios 

Microsoft Excel LibreOffice Calc

Short-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Turnover Ratios
Receivables turnover 2.72 2.73 2.77 2.70 2.68 2.63
Payables turnover
Working capital turnover 24.95 5.11 15.29
Average No. Days
Average receivable collection period 134 134 132 135 136 139
Average payables payment period

Based on: 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), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Salesforce Inc. receivables turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Salesforce Inc. working capital turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

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.

Receivables Turnover

Salesforce Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Selected Financial Data (US$ in millions)
Revenues 26,492  21,252  17,098  13,282  10,480  8,392 
Accounts receivable, net 9,739  7,786  6,174  4,924  3,917  3,197 
Short-term Activity Ratio
Receivables turnover1 2.72 2.73 2.77 2.70 2.68 2.63
Benchmarks
Receivables Turnover, Competitors2
Accenture PLC 5.74 6.16 5.79 8.33 8.05
Adobe Inc. 8.41 9.20 7.28 6.86 5.99
Automatic Data Processing Inc. 5.50 5.98 5.81 6.72 7.27
International Business Machines Corp. 8.49 10.32 9.80 10.71 8.86
Intuit Inc. 24.64 51.54 77.98 60.86 50.26
Mastercard Inc. 14.32 8.97 5.64 6.10 9.09
Microsoft Corp. 4.42 4.47 4.26 4.17 4.54
Oracle Corp. 7.13 7.48 7.04 7.69 7.55 7.12
PayPal Holdings Inc. 31.71 37.18 40.86 49.36 46.27
ServiceNow Inc. 4.24 4.48 4.14 4.54 4.44
Visa Inc. 13.71 17.28 7.54 13.03 12.91
Receivables Turnover, Sector
Software & Services 5.87 6.24 5.92 6.45 6.68
Receivables Turnover, Industry
Information Technology 7.86 8.34 7.68 7.93 8.30

Based on: 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), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

1 2022 Calculation
Receivables turnover = Revenues ÷ Accounts receivable, net
= 26,492 ÷ 9,739 = 2.72

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 deteriorated from 2020 to 2021 and from 2021 to 2022.

Payables Turnover

Salesforce Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Selected Financial Data (US$ in millions)
Cost of revenues 7,026  5,438  4,235  3,451  2,774  2,234 
Accounts payable —  —  —  —  —  — 
Short-term Activity Ratio
Payables turnover1
Benchmarks
Payables Turnover, Competitors2
Accenture PLC 15.03 22.48 18.16 21.62 16.87
Adobe Inc. 5.98 5.63 7.98 6.42 8.90
Automatic Data Processing Inc. 61.24 82.80 64.44 57.92 48.56
International Business Machines Corp. 6.54 7.75 8.30 6.50 6.65
Intuit Inc. 2.70 4.52 4.26 5.49 5.15
Mastercard Inc. 20.68 10.37 6.22 6.83 9.31
Microsoft Corp. 3.44 3.68 4.57 4.45 4.64
Oracle Corp. 6.74 10.54 12.46 13.78 15.28 12.47
PayPal Holdings Inc. 68.27 45.45 42.18 29.40 26.05
ServiceNow Inc. 15.20 28.83 15.04 20.26 15.56
Visa Inc. 9.87 12.58 5.76 9.51 9.17
Payables Turnover, Sector
Software & Services 7.28 7.94 7.73 7.90 7.98
Payables Turnover, Industry
Information Technology 5.41 5.76 5.46 4.90 4.94

Based on: 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), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

1 2022 Calculation
Payables turnover = Cost of revenues ÷ Accounts payable
= 7,026 ÷ 0 =

2 Click competitor name to see calculations.


Working Capital Turnover

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

Microsoft Excel LibreOffice Calc
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Selected Financial Data (US$ in millions)
Current assets 22,850  21,889  15,963  10,683  9,290  5,997 
Less: Current liabilities 21,788  17,728  14,845  11,255  10,130  7,258 
Working capital 1,062  4,161  1,118  (572) (839) (1,262)
 
Revenues 26,492  21,252  17,098  13,282  10,480  8,392 
Short-term Activity Ratio
Working capital turnover1 24.95 5.11 15.29
Benchmarks
Working Capital Turnover, Competitors2
Accenture PLC 12.77 8.71 9.85 12.12 16.17
Adobe Inc. 9.09 4.89 16.24 1.96
Automatic Data Processing Inc. 5.67 10.15 8.27 8.14 4.35
International Business Machines Corp. 107.30 7.29 6.40
Intuit Inc. 3.85 1.73 4.17 20.71
Mastercard Inc. 4.99 2.11 3.38 3.27 2.50
Microsoft Corp. 1.76 1.30 1.19 0.99 0.94
Oracle Corp. 3.50 1.29 1.12 1.42 0.70 0.75
PayPal Holdings Inc. 2.66 1.71 1.54 2.19 1.34
ServiceNow Inc. 21.76 5.76 46.69 7.86 6.24
Visa Inc. 2.03 1.66 3.04 2.98 2.03
Working Capital Turnover, Sector
Software & Services 2.77 2.16 2.39 1.79 1.71
Working Capital Turnover, Industry
Information Technology 3.82 2.81 3.05 2.82 2.11

Based on: 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), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

1 2022 Calculation
Working capital turnover = Revenues ÷ Working capital
= 26,492 ÷ 1,062 = 24.95

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 deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Average Receivable Collection Period

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

Microsoft Excel LibreOffice Calc
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Selected Financial Data
Receivables turnover 2.72 2.73 2.77 2.70 2.68 2.63
Short-term Activity Ratio (no. days)
Average receivable collection period1 134 134 132 135 136 139
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Accenture PLC 64 59 63 44 45
Adobe Inc. 43 40 50 53 61
Automatic Data Processing Inc. 66 61 63 54 50
International Business Machines Corp. 43 35 37 34 41
Intuit Inc. 15 7 5 6 7
Mastercard Inc. 25 41 65 60 40
Microsoft Corp. 83 82 86 88 80
Oracle Corp. 51 49 52 47 48 51
PayPal Holdings Inc. 12 10 9 7 8
ServiceNow Inc. 86 82 88 80 82
Visa Inc. 27 21 48 28 28
Average Receivable Collection Period, Sector
Software & Services 62 59 62 57 55
Average Receivable Collection Period, Industry
Information Technology 46 44 48 46 44

Based on: 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), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

1 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 2.72 = 134

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.

Average Payables Payment Period

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

Microsoft Excel LibreOffice Calc
Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
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 24 16 20 17 22
Adobe Inc. 61 65 46 57 41
Automatic Data Processing Inc. 6 4 6 6 8
International Business Machines Corp. 56 47 44 56 55
Intuit Inc. 135 81 86 66 71
Mastercard Inc. 18 35 59 53 39
Microsoft Corp. 106 99 80 82 79
Oracle Corp. 54 35 29 26 24 29
PayPal Holdings Inc. 5 8 9 12 14
ServiceNow Inc. 24 13 24 18 23
Visa Inc. 37 29 63 38 40
Average Payables Payment Period, Sector
Software & Services 50 46 47 46 46
Average Payables Payment Period, Industry
Information Technology 68 63 67 74 74

Based on: 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), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

1 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =

2 Click competitor name to see calculations.