Crowdstrike Holdings Inc (CRWD)
Inventory turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,307,560 | 1,839,550 | 1,235,760 | 822,645 | 533,277 |
| Inventory | US$ in thousands | 0 | 186,855 | 126,822 | 80,850 | 42,971 |
| Inventory turnover | — | 9.84 | 9.74 | 10.17 | 12.41 |
January 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,307,560K ÷ $0K
= —
Based on the data provided, Crowdstrike Holdings Inc's inventory turnover has shown a declining trend over the past five years. In particular, the inventory turnover ratio decreased from 12.41 in Jan 31, 2020, to 10.17 in Jan 31, 2021, and further decreased to 9.74 in Jan 31, 2022, before reaching 9.84 in Jan 31, 2023.
A decreasing inventory turnover ratio may indicate that the company is managing its inventory less efficiently over time. This could be due to factors such as overstocking, slow-moving inventory, or ineffective inventory management practices.
It is important for Crowdstrike Holdings Inc to closely monitor and improve its inventory turnover ratio to ensure optimal use of resources and minimize carrying costs associated with excess inventory. This could involve implementing better inventory management strategies, forecasting demand more accurately, and optimizing supply chain processes to enhance overall efficiency.
Peer comparison
Jan 31, 2024