Snowflake Payables Turnover from 2010 to 2024

SNOW Stock  USD 167.44  3.91  2.28%   
Snowflake Payables Turnover yearly trend continues to be fairly stable with very little volatility. Payables Turnover is likely to outpace its year average in 2024. Payables Turnover is a liquidity ratio that shows how quickly Snowflake pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
17.37317531
Current Value
19.3
Quarterly Volatility
12.2052089
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Snowflake financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Snowflake's main balance sheet or income statement drivers, such as Depreciation And Amortization of 125.9 M, Interest Expense of 89.2 M or Total Revenue of 2.9 B, as well as many indicators such as Price To Sales Ratio of 21.72, Dividend Yield of 0.0 or PTB Ratio of 13.01. Snowflake financial statements analysis is a perfect complement when working with Snowflake Valuation or Volatility modules.
  
Check out the analysis of Snowflake Correlation against competitors.
For more information on how to buy Snowflake Stock please use our How to Invest in Snowflake guide.

Latest Snowflake's Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of Snowflake over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Snowflake's Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Snowflake's overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Slightly volatile
   Payables Turnover   
       Timeline  

Snowflake Payables Turnover Regression Statistics

Arithmetic Mean14.28
Geometric Mean10.77
Coefficient Of Variation85.48
Mean Deviation9.69
Median6.27
Standard Deviation12.21
Sample Variance148.97
Range36.6917
R-Value0.67
Mean Square Error87.72
R-Squared0.45
Significance0.01
Slope1.84
Total Sum of Squares2,086

Snowflake Payables Turnover History

2024 19.3
2023 17.37
2022 30.31
2021 34.11
2020 42.96
2019 13.73

About Snowflake Financial Statements

Snowflake investors use historical fundamental indicators, such as Snowflake's Payables Turnover, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Snowflake. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Payables Turnover 17.37  19.30 

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Additional Tools for Snowflake Stock Analysis

When running Snowflake's price analysis, check to measure Snowflake's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Snowflake is operating at the current time. Most of Snowflake's value examination focuses on studying past and present price action to predict the probability of Snowflake's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snowflake's price. Additionally, you may evaluate how the addition of Snowflake to your portfolios can decrease your overall portfolio volatility.