Box Inc (BOX)

Liquidity ratios

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
Current ratio 1.19 1.64 1.18 1.26 1.17 1.20 1.17 1.18 1.13 1.10 1.03 1.17 1.27 1.58 1.78 1.43 1.43 0.90 0.88 0.84
Quick ratio 0.78 1.19 0.82 0.96 0.71 0.77 0.75 0.83 0.64 0.67 0.63 0.85 0.82 1.20 1.44 1.11 0.97 0.55 0.53 0.52
Cash ratio 0.78 1.19 0.82 0.96 0.71 0.77 0.75 0.83 0.64 0.67 0.63 0.85 0.82 1.20 1.44 1.11 0.97 0.55 0.53 0.52

Box Inc's liquidity ratios show an improvement in its ability to meet short-term obligations over the analyzed period. The current ratio has been increasing steadily, reaching 1.19 as of January 31, 2025, indicating that the company had $1.19 in current assets to cover each $1 in current liabilities.

The quick ratio also demonstrates a positive trend, peaking at 1.44 on July 31, 2021, before fluctuating but staying above 1 in most periods, showing strong liquidity to cover immediate obligations without relying on inventory.

The cash ratio, reflecting the most conservative measure of liquidity, mirrors the trends of the quick ratio, showcasing the company's ability to cover short-term liabilities using only its most liquid assets, with a notable increase to 1.44 on July 31, 2021.

Overall, Box Inc has shown a healthy liquidity position, with improving ratios over time, indicating its ability to meet its short-term financial commitments and maintain financial stability in the short run.


Additional liquidity measure

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
Cash conversion cycle days 0.00 0.00 0.00 0.00 0.00 63.08 65.20 67.63 69.43 65.70 0.00 0.00 0.00 0.00 0.00 99.04 85.19 86.89 87.16 90.11

The cash conversion cycle for Box Inc has exhibited fluctuations over the period analyzed. From April 30, 2020, to January 31, 2021, the cash conversion cycle decreased steadily from 90.11 days to 85.19 days, indicating an improvement in the company's ability to convert its resources into cash efficiently.

However, from April 30, 2021, there was a significant spike in the cash conversion cycle to 99.04 days, suggesting potential challenges in managing the company's working capital effectively during that period.

Subsequently, from October 31, 2022, to January 31, 2024, the cash conversion cycle registered as zero, which could be indicative of a restructuring of operations or changes in the company's financial management approach.

Overall, the trend in the cash conversion cycle over the period reveals fluctuations and potential areas for improvement in managing the company's operating cycle and working capital efficiency. Company stakeholders should closely monitor and manage these metrics to enhance financial performance and liquidity.