Crowdstrike Holdings Inc (CRWD)

Working capital turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	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
Revenue (ttm)	US$ in thousands	3,953,628	3,740,423	3,516,257	3,284,011	3,055,555	2,847,587	2,642,455	2,445,982	2,241,236	2,034,879	1,834,048	1,636,585	1,451,594	1,285,513	1,137,922	999,203	874,438	761,618	654,277	563,414
Total current assets	US$ in thousands	6,113,340	5,572,330	5,181,650	4,596,970	4,510,940	4,079,130	4,050,390	3,708,770	3,640,270	3,203,610	2,975,980	2,733,060	2,570,950	2,360,090	2,252,020	2,038,000	2,292,270	1,340,800	1,315,980	1,248,460
Total current liabilities	US$ in thousands	3,461,050	3,000,380	2,728,320	2,683,690	2,697,280	2,350,420	2,229,460	2,080,060	2,109,070	1,817,050	1,649,250	1,497,100	1,406,830	1,241,550	1,136,830	982,765	863,553	702,039	603,292	555,644
Working capital turnover		1.49	1.45	1.43	1.72	1.68	1.65	1.45	1.50	1.46	1.47	1.38	1.32	1.25	1.15	1.02	0.95	0.61	1.19	0.92	0.81

January 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,953,628K ÷ ($6,113,340K – $3,461,050K)
= 1.49

Crowdstrike Holdings Inc's working capital turnover has shown a fluctuating trend over the past few years. The ratio increased from 0.81 as of April 30, 2020, reaching a peak of 1.72 as of April 30, 2024, and then slightly decreased to 1.45 as of July 31, 2024. This indicates an improvement in the company's efficiency in utilizing its working capital to generate revenue.

Overall, the working capital turnover ratio has generally been on an upward trajectory, indicating that Crowdstrike Holdings Inc has been able to efficiently convert its working capital into sales. A higher turnover ratio is typically seen as a positive indicator of operational efficiency and effectiveness in managing working capital. However, the slight decrease in the ratio as of July 31, 2024, may warrant further investigation to understand the underlying reasons behind this trend.