Crowdstrike Holdings Inc (CRWD)

Total asset 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
Total assets	US$ in thousands	6,646,520	5,026,540	3,618,380	2,732,530	1,404,910
Total asset turnover		0.48	0.45	0.40	0.32	0.35

January 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $3,178,730K ÷ $6,646,520K
= 0.48

Crowdstrike Holdings Inc's total asset turnover has shown a consistent improvement over the past five years, increasing from 0.35 in 2020 to 0.48 in 2024. This indicates that the company is generating more revenue relative to its total assets. A higher total asset turnover ratio suggests that the company is utilizing its assets more efficiently to generate sales.

The trend of increasing total asset turnover is a positive sign as it indicates that Crowdstrike Holdings Inc is becoming more efficient in generating revenue from its assets. This could be attributed to effective management of assets and resources, better inventory management, or improved operational efficiency. It shows that the company is using its assets effectively to drive revenue growth and maximize its operational performance.

Overall, the increasing trend in total asset turnover ratio reflects positively on Crowdstrike Holdings Inc's operational efficiency and ability to generate revenue from its asset base. It also indicates that the company has been successful in improving its asset utilization over the years, which could lead to stronger financial performance and profitability in the future.