Crowdstrike Holdings Inc (CRWD)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	—	—	10.57	10.69	10.62	9.84	10.36	10.27	10.10	9.74	10.74	10.92	10.81	10.20	11.16	11.73	11.01	12.41
Receivables turnover	4.88	3.73	5.28	5.08	5.43	3.62	4.18	4.33	4.38	3.90	4.49	4.24	4.72	3.67	4.43	4.42	3.96	2.97
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
Working capital turnover	1.59	1.54	1.72	1.50	1.54	1.48	1.46	1.37	1.31	1.23	1.14	1.01	0.94	0.61	1.20	0.93	0.82	0.72

Crowdstrike Holdings Inc's activity ratios provide insights into the efficiency of its operations in managing inventory, receivables, payables, and working capital.

* Inventory turnover: Crowdstrike has maintained a relatively consistent inventory turnover ratio, averaging around 10-11 times per year. This indicates that the company efficiently sells its inventory, with new stock replacing sold items roughly every month. Consistent inventory turnover is generally favorable as it suggests efficient inventory management and sales.

* Receivables turnover: Crowdstrike's receivables turnover has varied over the periods but shows a moderate range, indicating the company's ability to collect receivables efficiently. On average, the company collects receivables approximately 4-5 times a year. A higher turnover ratio suggests effective credit and collection policies.

* Payables turnover: Crowdstrike's payables turnover has fluctuated significantly, ranging from very high to moderate levels. A higher turnover ratio indicates that the company pays its suppliers more frequently, which could suggest strong bargaining power or strict payment terms. However, extreme fluctuations may indicate changes in payment policies or supplier relationships.

* Working capital turnover: Crowdstrike's working capital turnover has varied, reflecting how efficiently the company generates sales relative to its working capital. A higher turnover ratio indicates that the company efficiently utilizes its working capital to generate revenue. However, a declining trend could indicate inefficiencies or potential cash flow issues.

In summary, Crowdstrike's activity ratios demonstrate effective management of inventory, receivables, payables, and working capital, with consistent or improving turnover ratios in most cases. Monitoring these ratios over time can help assess operational efficiency and potential liquidity or cash flow concerns.

Average number of days

		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
Days of inventory on hand (DOH)	days	—	—	34.53	34.16	34.38	37.08	35.22	35.53	36.15	37.46	33.98	33.43	33.77	35.78	32.72	31.11	33.16	29.42
Days of sales outstanding (DSO)	days	74.81	97.96	69.13	71.92	67.19	100.70	87.33	84.31	83.30	93.69	81.27	86.09	77.35	99.53	82.31	82.53	92.26	122.91
Number of days of payables	days	3.17	4.46	9.40	6.42	3.11	9.00	19.38	12.91	2.94	14.07	2.24	6.88	1.37	5.34	3.93	5.85	4.05	0.92

Days of Inventory on Hand (DOH) for Crowdstrike Holdings Inc have been relatively stable over the periods analyzed, ranging from 29.42 days to 37.46 days. This indicates that the company has been efficient in managing its inventory levels to support its operations.

Days of Sales Outstanding (DSO) have shown variations, ranging from 67.19 days to 122.91 days. Higher DSO values indicate that Crowdstrike might be facing challenges in collecting payments from customers promptly, potentially impacting its cash flow.

Number of Days of Payables ranges from 1.37 days to 19.38 days, reflecting fluctuations in how long it takes Crowdstrike to pay its suppliers. Lower values suggest the company is able to manage its payables effectively, while higher values could indicate potential cash flow challenges or strained supplier relationships.

Overall, Crowdstrike's activity ratios suggest a need to focus on improving its collection of receivables to shorten DSO and managing payables efficiently to maintain healthy cash flow operations.

Long-term

	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
Fixed asset turnover	5.47	5.13	5.11	4.88	4.78	4.61	4.72	4.73	5.11	5.50	5.25	5.24	5.21	5.25	4.72	4.31	4.10	3.60
Total asset turnover	0.50	0.48	0.51	0.50	0.49	0.45	0.45	0.44	0.42	0.40	0.39	0.36	0.35	0.32	0.44	0.41	0.38	0.35

Crowdstrike Holdings Inc's fixed asset turnover ratio has shown a stable and relatively high trend over the past few years, indicating that the company efficiently generates sales revenue from its investment in fixed assets. The ratio ranged from 4.31 to 5.50 during the period under review.

On the other hand, the total asset turnover ratio reflects how effectively the company utilizes all of its assets to generate sales. Despite some fluctuations, the total asset turnover ratio has generally increased over the years, ranging from 0.32 to 0.51. This indicates that Crowdstrike has been improving its ability to generate sales relative to its total asset base.

Overall, the company has demonstrated strong efficiency in utilizing its fixed assets to generate sales revenue, and its ability to generate sales from total assets has also shown improvement over time. This suggests that Crowdstrike has been effectively managing its asset base to drive revenue growth and operational efficiency.