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.