Sprinklr Inc (CXM)

Working capital turnover

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	US$ in thousands	796,394	732,360	618,190	492,394	386,930
Total current assets	US$ in thousands	854,097	1,000,980	862,529	805,257	492,786
Total current liabilities	US$ in thousands	517,583	508,160	458,899	388,403	301,564
Working capital turnover		2.37	1.49	1.53	1.18	2.02

January 31, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $796,394K ÷ ($854,097K – $517,583K)
= 2.37

Sprinklr Inc's working capital turnover has fluctuated over the past five years. The company's working capital turnover ratio was 2.02 in January 31, 2021, indicating that Sprinklr effectively utilized its working capital to generate revenue.

However, there was a decline in the ratio in January 31, 2022, to 1.18, suggesting that Sprinklr may not have efficiently managed its working capital during that period. The ratio improved slightly in January 31, 2023, to 1.53, indicating a better utilization of working capital compared to the previous year.

In January 31, 2024, the working capital turnover ratio dropped to 1.49, which may imply some inefficiencies in managing the company's working capital. However, there was a significant improvement in January 31, 2025, with the ratio increasing to 2.37, indicating that Sprinklr was able to generate more revenue relative to its working capital.

Overall, while Sprinklr Inc has experienced fluctuations in its working capital turnover ratio over the years, the company had mixed results in terms of efficiently utilizing its working capital to generate revenue. It is essential for Sprinklr to closely monitor and manage its working capital to ensure optimal operational efficiency and financial performance.