Box Inc (BOX)

Working capital turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	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
Revenue (ttm)	US$ in thousands	1,090,130	1,073,488	1,059,112	1,050,501	1,037,741	1,031,339	1,019,753	1,004,340	990,874	967,759	941,852	910,323	874,332	839,884	811,843	789,650	770,770	755,442	736,595	716,851
Total current assets	US$ in thousands	1,097,780	962,590	690,143	744,751	796,363	684,329	692,883	731,238	806,763	656,527	638,885	715,420	916,564	927,619	1,028,860	789,597	879,286	449,288	453,584	427,227
Total current liabilities	US$ in thousands	922,076	587,104	586,914	591,438	679,280	570,627	593,452	620,699	715,827	597,396	621,600	612,711	718,975	587,788	577,929	552,705	612,839	496,510	514,638	511,200
Working capital turnover		6.20	2.86	10.26	6.85	8.86	9.07	10.26	9.09	10.90	16.37	54.49	8.86	4.43	2.47	1.80	3.33	2.89	—	—	—

January 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,090,130K ÷ ($1,097,780K – $922,076K)
= 6.20

Based on the data provided, Box Inc's working capital turnover has shown fluctuations over the years. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue.

From January 31, 2021, to July 31, 2021, the working capital turnover decreased from 2.89 to 1.80, indicating a decline in efficiency in utilizing working capital to generate sales. However, from July 31, 2021, to April 30, 2022, there was a significant improvement, with the ratio increasing to 54.49, reflecting a substantial enhancement in working capital efficiency.

Subsequently, there were fluctuations in the working capital turnover ratio from April 30, 2022, to January 31, 2025. The ratio ranged from a high of 10.90 to a low of 2.86, indicating varying levels of efficiency in managing working capital during these periods.

Overall, the working capital turnover ratio for Box Inc has shown volatility over the years, with periods of improvement and decline in the efficiency of utilizing working capital to generate sales revenue. It is essential for the company to monitor and manage its working capital effectively to ensure optimal operational performance and financial health.