DocuSign Inc (DOCU)

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	2,976,595	2,911,020	2,855,044	2,805,112	2,755,038	2,702,285	2,647,448	2,581,905	2,509,526	2,430,813	2,330,784	2,220,407	2,100,770	1,912,819	1,743,995	1,568,345	1,390,396	1,265,570	1,132,554	1,026,368
Total current assets	US$ in thousands	1,489,260	1,331,880	1,343,380	1,489,800	1,567,670	2,042,680	1,956,470	1,804,060	1,631,000	1,480,380	1,422,780	1,362,520	1,319,600	1,206,590	1,182,790	1,111,440	1,162,350	929,760	968,023	1,043,240
Total current liabilities	US$ in thousands	1,831,910	1,598,770	1,607,300	1,604,960	1,660,620	2,189,220	2,233,960	2,195,460	2,208,320	1,449,530	1,402,240	1,343,720	1,371,640	1,260,370	1,209,630	1,097,910	1,093,170	923,100	854,038	729,590
Working capital turnover		—	—	—	—	—	—	—	—	—	78.79	113.48	118.11	—	—	—	115.92	20.10	190.03	9.94	3.27

January 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,976,595K ÷ ($1,489,260K – $1,831,910K)
= —

DocuSign Inc's working capital turnover has shown significant fluctuations over the reported periods, ranging from 3.27 to 190.03. The working capital turnover ratio measures how effectively a company utilizes its working capital to generate sales revenue.

From April 30, 2020, to October 31, 2022, there was a notable increase in the working capital turnover ratio, indicating an improvement in the efficiency of DocuSign's working capital management. However, the ratio fluctuated in the subsequent periods, with values ranging between 78.79 and 118.11.

The high values seen in October 31, 2020, and April 30, 2021, suggest that DocuSign was effectively utilizing its working capital to generate sales during those periods. The decreasing trend from April 30, 2021, to October 31, 2022, could signify changes in the company's working capital management practices.

The absence of data points from January 31, 2023, onwards hinders a complete analysis of the working capital turnover trend. It would be crucial for DocuSign to maintain a balance in its working capital turnover ratio to ensure efficient utilization of resources to support the company's operations and growth.