Box Inc (BOX)

Receivables turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	1,040,660	1,034,032	1,022,661	1,007,585	994,399	970,516	944,382	913,066	877,507	844,717	816,408	793,107	773,486	759,422	740,713	721,926	700,057	682,054	660,627	636,568
Receivables	US$ in thousands	281,487	166,875	165,429	132,653	264,515	176,593	166,552	117,146	256,312	154,624	134,386	112,253	228,309	115,664	123,041	99,067	209,434	108,393	117,903	93,655
Receivables turnover		3.70	6.20	6.18	7.60	3.76	5.50	5.67	7.79	3.42	5.46	6.08	7.07	3.39	6.57	6.02	7.29	3.34	6.29	5.60	6.80

January 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,040,660K ÷ $281,487K
= 3.70

The receivables turnover ratio for Box Inc has shown fluctuations over the periods indicated. The ratio indicates how efficiently the company is collecting outstanding receivables from its customers. A higher receivables turnover suggests that the company is collecting its outstanding receivables more quickly.

From January 2020 to July 2020, there was a consistent improvement in the receivables turnover ratio, indicating enhanced efficiency in collecting receivables. However, the ratio dropped in October 2020 before increasing again in January 2021.

From January 2021 to April 2022, the receivables turnover ratio remained relatively stable, hovering around 6, which suggests a consistent collection process. There was a noticeable increase in the ratio in July 2022, peaking at 7.79, indicating a significant improvement in collecting outstanding receivables during that period.

Subsequently, there was a slight decline in the ratio from July 2022 to October 2023, although it remained relatively high, indicating efficient collection practices. The latest data point for January 2024 shows a receivables turnover ratio of 3.70, which is lower compared to the previous periods. This drop may be a cause for further investigation into the company's receivables management efficiency during that period.