Crowdstrike Holdings Inc (CRWD)

Working capital 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 current assets	US$ in thousands	4,757,310	3,640,270	2,570,950	2,292,270	1,171,640
Total current liabilities	US$ in thousands	2,697,280	2,109,070	1,406,830	863,553	493,096
Working capital turnover		1.54	1.49	1.23	0.61	0.72

January 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,178,730K ÷ ($4,757,310K – $2,697,280K)
= 1.54

Crowdstrike Holdings Inc's working capital turnover has shown an increasing trend over the past five years, indicating an improvement in the company's efficiency in utilizing its working capital to generate sales revenue. The ratio has increased from 0.72 in Jan 31, 2020, to 1.54 in Jan 31, 2024, reflecting a positive trajectory.

A high working capital turnover ratio signifies that the company is effectively leveraging its current assets and liabilities to support its operations and sales activities. This increase suggests that Crowdstrike has been able to generate more sales revenue relative to its investment in working capital over the period analyzed.

Overall, the rising trend in working capital turnover for Crowdstrike Holdings Inc indicates improving operational efficiency and better management of its working capital resources in recent years.