Crowdstrike Holdings Inc (CRWD)
Receivables turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,178,730 | 2,278,910 | 1,434,060 | 877,164 | 489,971 |
| Receivables | US$ in thousands | 853,105 | 626,181 | 368,145 | 239,199 | 164,987 |
| Receivables turnover | 3.73 | 3.64 | 3.90 | 3.67 | 2.97 |
January 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,178,730K ÷ $853,105K
= 3.73
CrowdStrike Holdings Inc's receivables turnover ratio has shown a fluctuating trend over the past five years. The ratio provides insights into how efficiently the company is managing its accounts receivable by converting them into cash. In this case, the average receivables turnover ratio over the period is 3.58.
The company's receivables turnover ratio was highest in January 31, 2022, at 3.90, indicating that, on average, the company collected its accounts receivable approximately 3.90 times during that fiscal year. This could be seen as a positive sign of efficient collections.
On the other hand, the lowest receivables turnover ratio was recorded on January 31, 2020, at 2.97, suggesting that the company took longer to collect its accounts receivable during that period. This may raise concerns about the company's credit policies or the quality of its customers.
Overall, the fluctuating trend in CrowdStrike Holdings Inc's receivables turnover ratio indicates varying levels of efficiency in managing its accounts receivable over the years. Further analysis would be needed to understand the factors driving these fluctuations and assess the company's overall accounts receivable management strategy.
Peer comparison
Jan 31, 2024