Calix Inc (CALX)
Working capital turnover
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 933,685 | 869,193 | 825,450 | 831,518 | 890,128 | 953,018 | 1,015,895 | 1,039,593 | 1,019,362 | 991,861 | 932,887 | 867,827 | 799,743 | 735,640 | 702,268 | 679,394 | 673,001 | 651,278 | 601,631 | 541,239 |
| Total current assets | US$ in thousands | 615,517 | 562,314 | 562,000 | 584,735 | 585,018 | 570,158 | 578,785 | 597,956 | 587,625 | 599,284 | 576,074 | 547,370 | 535,176 | 460,842 | 440,222 | 409,245 | 374,759 | 350,598 | 309,769 | 266,890 |
| Total current liabilities | US$ in thousands | 122,641 | 123,642 | 122,824 | 131,143 | 129,906 | 133,140 | 146,079 | 187,642 | 139,156 | 162,447 | 160,711 | 165,422 | 180,506 | 131,244 | 141,578 | 128,136 | 117,001 | 117,549 | 109,382 | 101,040 |
| Working capital turnover | 1.89 | 1.98 | 1.88 | 1.83 | 1.96 | 2.18 | 2.35 | 2.53 | 2.27 | 2.27 | 2.25 | 2.27 | 2.25 | 2.23 | 2.35 | 2.42 | 2.61 | 2.79 | 3.00 | 3.26 |
September 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $933,685K ÷ ($615,517K – $122,641K)
= 1.89
Peer comparison
Sep 30, 2025
Company name
Symbol
Working capital turnover
Calix Inc
CALX
1.89
F5 Networks Inc
FFIV
3.41
Nutanix Inc
NTNX
2.16
Palo Alto Networks Inc
PANW
—
Progress Software Corporation
PRGS
—
Synopsys Inc
SNPS
3.08