Crowdstrike Holdings Inc (CRWD)

Receivables 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
Revenue (ttm)	US$ in thousands	3,429,271	3,178,729	2,966,662	2,737,858	2,504,856	2,269,678	2,028,414	1,813,069	1,617,445	1,434,303	1,272,201	1,130,120	996,723	877,164	766,163	659,983	570,430	489,971
Receivables	US$ in thousands	702,856	853,105	561,872	539,463	461,092	626,181	485,313	418,799	369,130	368,145	283,272	266,540	211,233	239,199	172,775	149,236	144,187	164,987	145,694	115,256
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

April 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,429,271K ÷ $702,856K
= 4.88

The receivables turnover ratio for Crowdstrike Holdings Inc has shown some fluctuations over the past several quarters. It indicates how efficiently the company is able to collect payments from its customers.

The receivables turnover ratio has ranged from a low of 2.97 to a high of 5.43 during the period under review. Overall, the trend suggests that the company has been able to collect its accounts receivable at a relatively consistent pace, with the ratio generally hovering around the 4 to 5 range.

A higher receivables turnover ratio is generally preferred as it indicates that the company is collecting payments from its customers more frequently, which can improve cash flow and reduce the risk of bad debts. On the other hand, a lower ratio could indicate potential issues with collecting payments in a timely manner.

It would be advisable for Crowdstrike Holdings Inc to closely monitor its receivables turnover ratio and implement strategies to ensure efficient collections to maintain a healthy cash flow position.