Sprinklr Inc (CXM)

Working capital turnover

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Revenue	US$ in thousands	732,360	618,190	489,128
Total current assets	US$ in thousands	1,000,980	862,529	805,257
Total current liabilities	US$ in thousands	508,160	458,899	395,050
Working capital turnover		1.49	1.53	1.19

January 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $732,360K ÷ ($1,000,980K – $508,160K)
= 1.49

The working capital turnover of Sprinklr Inc has shown a slight decrease from 1.53 in January 31, 2023, to 1.49 in January 31, 2024. This indicates that the company is generating $1.49 of revenue for every dollar of working capital invested in the business. The trend over the past three years shows some fluctuation, with a significant increase from 2022 to 2023 followed by a slight decline in 2024. A higher working capital turnover ratio typically suggests more efficient utilization of current assets to generate sales. It is essential for Sprinklr Inc to monitor this ratio closely to ensure optimal management of working capital for sustained profitability and growth.