Sprinklr Inc (CXM)

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
Revenue (ttm)	US$ in thousands	796,394	788,062	773,698	754,955	732,360	703,484	674,410	646,575	618,190	588,526	558,331	526,393	492,394	460,839	430,115	404,921	386,930	375,806
Total current assets	US$ in thousands	854,097	729,777	741,609	844,344	958,490	887,319	877,889	851,449	862,529	757,603	778,638	772,384	805,257	741,883	747,864	464,481	492,786	492,786
Total current liabilities	US$ in thousands	517,583	418,853	459,291	460,324	508,160	398,592	423,403	428,581	458,899	368,497	392,190	379,567	388,403	311,207	301,555	288,430	301,564	301,564
Working capital turnover		2.37	2.53	2.74	1.97	1.63	1.44	1.48	1.53	1.53	1.51	1.44	1.34	1.18	1.07	0.96	2.30	2.02	1.97

January 31, 2025 calculation

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

The working capital turnover ratio of Sprinklr Inc has shown some fluctuations over the period analyzed. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue.

From October 31, 2020, to April 30, 2021, there was a consistent increase in the working capital turnover ratio, indicating an improvement in the company's ability to generate sales from its working capital. The ratio peaked at 2.30 on April 30, 2021, before declining to 0.96 on July 31, 2021. This significant drop indicates a potential inefficiency in the management of working capital during that period.

Subsequently, the ratio started to recover, reaching 1.53 on January 31, 2023, and stabilizing around that level until October 31, 2024. The working capital turnover ratio peaked at 2.74 on July 31, 2024, indicating an efficient utilization of working capital in generating sales during that quarter.

Overall, the trend of the working capital turnover ratio for Sprinklr Inc shows periods of both efficiency and inefficiency in utilizing working capital to support sales activities. Investors and stakeholders may want to further investigate the reasons behind the fluctuations to assess the company's liquidity management and operational efficiency.