Bill Com Holdings Inc (BILL)

Working capital turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	1,462,570	1,290,170	1,058,470	641,959	238,265
Total current assets	US$ in thousands	7,238,790	6,314,820	6,673,160	6,279,390	3,606,040
Total current liabilities	US$ in thousands	4,588,660	4,063,020	3,753,440	3,408,660	2,325,660
Working capital turnover		0.55	0.57	0.36	0.22	0.19

June 30, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,462,570K ÷ ($7,238,790K – $4,588,660K)
= 0.55

The working capital turnover ratios for Bill Com Holdings Inc. over the specified periods demonstrate a consistent upward trend, indicating improvements in the company's efficiency in utilizing its working capital to generate sales.

Specifically, as of June 30, 2021, the ratio was 0.19, reflecting the baseline level of sales generated per unit of working capital. By June 30, 2022, the ratio increased slightly to 0.22, suggesting a modest enhancement in operational efficiency. This upward trajectory continued markedly through the subsequent periods, with the ratio reaching 0.36 on June 30, 2023. The significant increase signifies a more effective deployment of working capital in supporting sales activities.

The trend persists into June 30, 2024, when the ratio further rose to 0.57, indicating a notable improvement and possibly more optimal management of current assets and liabilities relative to sales generation. Although a slight decline is observed in June 30, 2025, the ratio remains relatively high at 0.55, which still reflects a substantial improvement compared to the baseline period in 2021.

Overall, the progression of the working capital turnover ratio from 0.19 to approximately 0.55–0.57 over these years signals an enhanced operational efficiency, with the company increasingly leveraging its working capital to generate sales effectively.