Crowdstrike Holdings Inc (CRWD)

Payables turnover

		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	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019
Cost of revenue (ttm)	US$ in thousands	2,455,225	2,307,524	2,211,548	2,106,317	1,984,276	1,839,537	1,681,606	1,521,543	1,369,785	1,235,806	1,166,881	1,042,376	923,017	824,769	696,390	631,555	587,893	533,091
Payables	US$ in thousands	21,299	28,180	56,968	37,073	16,900	45,372	89,289	53,817	11,024	47,634	7,167	19,642	3,468	12,065	7,494	10,118	6,528	1,345	5,244	1,126
Payables turnover		115.27	81.89	38.82	56.82	117.41	40.54	18.83	28.27	124.25	25.94	162.81	53.07	266.15	68.36	92.93	62.42	90.06	396.35

April 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,455,225K ÷ $21,299K
= 115.27

Payables turnover is a financial ratio that measures how efficiently a company pays its suppliers. A higher payables turnover indicates that the company is paying its suppliers more frequently, which can be a sign of strong liquidity or effective management of working capital.

Analyzing Crowdstrike Holdings Inc's payables turnover over the past few quarters reveals fluctuations in the efficiency of the company's payables management. The payables turnover ratio ranged from a low of 18.83 in Oct 31, 2022, to a high of 396.35 in Jul 31, 2019. These fluctuations suggest varying levels of liquidity and working capital management by Crowdstrike Holdings Inc over the periods analyzed.

The trend in payables turnover shows that the ratio has been generally increasing since Oct 31, 2022, indicating that the company is paying its suppliers more frequently. This can be a positive indicator of effective cash management and strong supplier relationships.

Overall, the payables turnover ratio for Crowdstrike Holdings Inc demonstrates the company's ability to efficiently manage its payables and liquidity position, with a trend towards more frequent payments to suppliers in recent quarters.