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)
Receivables Turnover
Payables Turnover
Working Capital Turnover
Average Receivable Collection Period
Average Payables Payment Period

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

	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019	Jan 31, 2018
Turnover Ratios
Receivables turnover	2.92	2.72	2.73	2.77	2.70	2.68
Payables turnover	—	—	—	—	—	—
Working capital turnover	62.21	24.95	5.11	15.29	—	—
Average No. Days
Average receivable collection period	125	134	134	132	135	136
Average payables payment period	—	—	—	—	—	—

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

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 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Salesforce Inc. working capital turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

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., receivables turnover calculation, comparison to benchmarks

	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019	Jan 31, 2018
Selected Financial Data (US$ in millions)
Revenues	31,352)	26,492)	21,252)	17,098)	13,282)	10,480)
Accounts receivable, net	10,755)	9,739)	7,786)	6,174)	4,924)	3,917)
Short-term Activity Ratio
Receivables turnover¹	2.92	2.72	2.73	2.77	2.70	2.68
Benchmarks
Receivables Turnover, Competitors²
Accenture PLC	—	5.87	5.74	6.16	5.79	8.33
Adobe Inc.	—	8.53	8.41	9.20	7.28	6.86
International Business Machines Corp.	—	9.25	8.49	10.32	9.80	10.71
Intuit Inc.	35.48	28.53	24.64	51.54	77.98	60.86
Microsoft Corp.	4.35	4.48	4.42	4.47	4.26	4.17
Oracle Corp.	7.22	7.13	7.48	7.04	7.69	7.55
Palo Alto Networks Inc.	2.80	2.57	3.43	3.29	4.98	4.86
ServiceNow Inc.	—	4.20	4.24	4.48	4.14	4.54
Synopsys Inc.	—	6.38	7.40	4.72	6.07	5.63
Receivables Turnover, Sector
Software & Services	—	5.20	5.22	5.59	5.58	5.96
Receivables Turnover, Industry
Information Technology	—	7.43	7.56	8.01	7.60	7.76

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

¹ 2023 Calculation
Receivables turnover = Revenues ÷ Accounts receivable, net
= 31,352 ÷ 10,755 = 2.92

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 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Salesforce Inc., payables turnover calculation, comparison to benchmarks

	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019	Jan 31, 2018
Selected Financial Data (US$ in millions)
Cost of revenues	8,360)	7,026)	5,438)	4,235)	3,451)	2,774)
Accounts payable	—)	—)	—)	—)	—)	—)
Short-term Activity Ratio
Payables turnover¹	—	—	—	—	—	—
Benchmarks
Payables Turnover, Competitors²
Accenture PLC	—	16.37	15.03	22.48	18.16	21.62
Adobe Inc.	—	5.71	5.98	5.63	7.98	6.42
International Business Machines Corp.	—	6.87	6.54	7.75	8.30	6.50
Intuit Inc.	4.93	3.26	2.70	4.52	4.26	5.49
Microsoft Corp.	3.64	3.30	3.44	3.68	4.57	4.45
Oracle Corp.	11.27	6.74	10.54	12.46	13.78	15.28
Palo Alto Networks Inc.	14.43	13.43	22.41	15.72	11.03	13.06
ServiceNow Inc.	—	5.74	15.20	28.83	15.04	20.26
Synopsys Inc.	—	28.30	31.44	26.49	38.00	8.65
Payables Turnover, Sector
Software & Services	—	5.52	5.70	6.57	7.59	7.12
Payables Turnover, Industry
Information Technology	—	4.54	4.99	5.34	5.26	4.61

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

¹ 2023 Calculation
Payables turnover = Cost of revenues ÷ Accounts payable
= 8,360 ÷ 0 = —

² Click competitor name to see calculations.

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

	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019	Jan 31, 2018
Selected Financial Data (US$ in millions)
Current assets	26,395)	22,850)	21,889)	15,963)	10,683)	9,290)
Less: Current liabilities	25,891)	21,788)	17,728)	14,845)	11,255)	10,130)
Working capital	504)	1,062)	4,161)	1,118)	(572)	(839)

Revenues	31,352)	26,492)	21,252)	17,098)	13,282)	10,480)
Short-term Activity Ratio
Working capital turnover¹	62.21	24.95	5.11	15.29	—	—
Benchmarks
Working Capital Turnover, Competitors²
Accenture PLC	—	15.07	12.77	8.71	9.85	12.12
Adobe Inc.	—	20.28	9.09	4.89	—	16.24
International Business Machines Corp.	—	—	—	—	107.30	7.29
Intuit Inc.	8.13	8.98	3.85	1.73	4.17	20.71
Microsoft Corp.	2.65	2.66	1.76	1.30	1.19	0.99
Oracle Corp.	—	3.50	1.29	1.12	1.42	0.70
Palo Alto Networks Inc.	—	—	—	1.40	1.80	1.14
ServiceNow Inc.	—	11.16	21.76	5.76	46.69	7.86
Synopsys Inc.	—	21.34	10.65	9.00	—	—
Working Capital Turnover, Sector
Software & Services	—	4.82	2.78	2.17	2.33	1.66
Working Capital Turnover, Industry
Information Technology	—	5.65	3.86	2.86	3.06	2.77

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

¹ 2023 Calculation
Working capital turnover = Revenues ÷ Working capital
= 31,352 ÷ 504 = 62.21

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 2021 to 2022 and from 2022 to 2023.

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

	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019	Jan 31, 2018
Selected Financial Data
Receivables turnover	2.92	2.72	2.73	2.77	2.70	2.68
Short-term Activity Ratio (no. days)
Average receivable collection period¹	125	134	134	132	135	136
Benchmarks (no. days)
Average Receivable Collection Period, Competitors²
Accenture PLC	—	62	64	59	63	44
Adobe Inc.	—	43	43	40	50	53
International Business Machines Corp.	—	39	43	35	37	34
Intuit Inc.	10	13	15	7	5	6
Microsoft Corp.	84	81	83	82	86	88
Oracle Corp.	51	51	49	52	47	48
Palo Alto Networks Inc.	130	142	106	111	73	75
ServiceNow Inc.	—	87	86	82	88	80
Synopsys Inc.	—	57	49	77	60	65
Average Receivable Collection Period, Sector
Software & Services	—	70	70	65	65	61
Average Receivable Collection Period, Industry
Information Technology	—	49	48	46	48	47

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

¹ 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 2.92 = 125

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., average payables payment period calculation, comparison to benchmarks

	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019	Jan 31, 2018
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	—	22	24	16	20	17
Adobe Inc.	—	64	61	65	46	57
International Business Machines Corp.	—	53	56	47	44	56
Intuit Inc.	74	112	135	81	86	66
Microsoft Corp.	100	111	106	99	80	82
Oracle Corp.	32	54	35	29	26	24
Palo Alto Networks Inc.	25	27	16	23	33	28
ServiceNow Inc.	—	64	24	13	24	18
Synopsys Inc.	—	13	12	14	10	42
Average Payables Payment Period, Sector
Software & Services	—	66	64	56	48	51
Average Payables Payment Period, Industry
Information Technology	—	80	73	68	69	79

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

¹ 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ — = —

² Click competitor name to see calculations.

Salesforce Inc. (NYSE:CRM)

Analysis of Short-term (Operating) Activity Ratios

Short-term Activity Ratios (Summary)

Receivables Turnover

Payables Turnover

Working Capital Turnover

Average Receivable Collection Period

Average Payables Payment Period