Box Inc (BOX)
Working capital turnover
Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 1,090,130 | 1,037,740 | 990,874 | 874,332 | 770,770 |
Total current assets | US$ in thousands | 1,097,780 | 842,180 | 806,763 | 916,564 | 879,286 |
Total current liabilities | US$ in thousands | 922,076 | 679,280 | 715,827 | 718,975 | 612,839 |
Working capital turnover | 6.20 | 6.37 | 10.90 | 4.43 | 2.89 |
January 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,090,130K ÷ ($1,097,780K – $922,076K)
= 6.20
The working capital turnover for Box Inc has shown a significant increase over the years, indicating an improvement in efficiency in utilizing its working capital. In January 31, 2021, the working capital turnover was 2.89, which improved to 4.43 in January 31, 2022, further increasing to 10.90 in January 31, 2023. There was a slight decrease to 6.37 in January 31, 2024, but the company maintained a relatively high working capital turnover of 6.20 in January 31, 2025. This trend suggests that Box Inc has been utilizing its working capital more effectively to generate sales revenue, highlighting its efficiency in managing and investing its current assets to support operations and growth.
Peer comparison
Jan 31, 2025