Crowdstrike Holdings Inc (CRWD)

Working capital 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
Total current assets	US$ in thousands	4,841,620	4,757,310	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	1,171,640	1,053,220	1,005,430
Total current liabilities	US$ in thousands	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	493,096	415,604	341,781
Working capital turnover		1.59	1.54	1.72	1.50	1.54	1.48	1.46	1.37	1.31	1.23	1.14	1.01	0.94	0.61	1.20	0.93	0.82	0.72

April 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,429,271K ÷ ($4,841,620K – $2,683,690K)
= 1.59

The working capital turnover ratio for Crowdstrike Holdings Inc has shown fluctuating trends over the past few years. It indicates how efficiently the company is utilizing its working capital to generate sales revenue.

From October 2019 to April 2020, the ratio ranged between 0.72 and 1.20, showing some variability in the company's ability to convert its working capital into sales during this period. Subsequently, from July 2020 to January 2023, the ratio consistently improved, indicating that the company was becoming more efficient in utilizing its working capital to drive sales.

Between January 2023 and October 2023, there was a slight dip in the ratio before it increased significantly in the following quarter. This rise in the ratio from January 2024 to April 2024 suggests that Crowdstrike Holdings Inc improved its working capital management during this period, resulting in a higher turnover of working capital into sales revenue.

Overall, the trend in the working capital turnover ratio for Crowdstrike Holdings Inc indicates improvements in the company's efficiency in utilizing its working capital to generate sales, with some fluctuations observed over the analyzed periods.