Bill Com Holdings Inc (BILL)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,439,779 | 1,355,107 | 1,301,692 | 1,223,809 | 1,174,032 | 1,116,878 | 1,043,850 | 950,074 | 846,224 | 743,769 | 631,307 | 499,570 | 382,756 | 278,740 | 210,162 | 186,256 | 179,613 | 168,555 |
| Total current assets | US$ in thousands | 6,839,930 | 6,204,200 | 6,314,820 | 6,228,480 | 6,956,050 | 6,682,120 | 6,673,160 | 6,405,230 | 6,748,190 | 6,291,980 | 6,279,390 | 6,182,550 | 6,492,300 | 5,533,210 | 3,606,040 | 3,701,800 | 3,985,110 | 2,396,620 |
| Total current liabilities | US$ in thousands | 4,122,210 | 4,055,710 | 4,063,020 | 3,826,510 | 4,118,190 | 3,700,500 | 3,753,440 | 3,335,460 | 3,731,240 | 3,326,020 | 3,408,660 | 4,391,780 | 4,665,200 | 3,697,260 | 2,325,660 | 1,969,830 | 2,256,070 | 1,702,360 |
| Working capital turnover | 0.53 | 0.63 | 0.58 | 0.51 | 0.41 | 0.37 | 0.36 | 0.31 | 0.28 | 0.25 | 0.22 | 0.28 | 0.21 | 0.15 | 0.16 | 0.11 | 0.10 | 0.24 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,439,779K ÷ ($6,839,930K – $4,122,210K)
= 0.53
Bill Com Holdings Inc's working capital turnover has shown fluctuating trends over the past few years. The ratio was low at the end of 2020, indicating that the company was not efficiently utilizing its working capital to generate sales. However, there was a gradual improvement in the ratio throughout 2021 and 2022, suggesting that the company was able to increase its sales relative to its working capital.
In 2023, Bill Com Holdings Inc's working capital turnover continued to increase significantly, reaching a ratio of 0.37 at the end of September. This implies that the company was managing its working capital effectively to support sales growth. By the end of 2024, the ratio further improved to 0.53, indicating that the company was generating more revenue relative to its working capital.
Overall, the increasing trend in working capital turnover reflects improved efficiency in utilizing working capital to support sales activities and generate revenue for Bill Com Holdings Inc. This trend is a positive indication of the company's operational efficiency and financial performance over the analyzed period.
Peer comparison
Dec 31, 2024