Dynatrace Holdings LLC (DT)

Working capital turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	1,698,680	1,430,530	1,158,530	929,445	703,509
Total current assets	US$ in thousands	1,931,460	1,605,300	1,118,180	948,422	680,282
Total current liabilities	US$ in thousands	1,381,290	1,258,550	1,037,040	865,599	647,911
Working capital turnover		3.09	4.13	14.28	11.22	21.73

March 31, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,698,680K ÷ ($1,931,460K – $1,381,290K)
= 3.09

Based on the provided data for Dynatrace Holdings LLC's working capital turnover over the past five years, we observe the following trend:

1. In March 31, 2021, the working capital turnover ratio was 21.73, indicating that the company generated $21.73 in revenue for every $1 of working capital invested.

2. The ratio decreased in the following year to 11.22 by March 31, 2022, which may suggest a lower efficiency in utilizing working capital to generate revenue.

3. There was a slight improvement in the working capital turnover ratio to 14.28 by March 31, 2023, indicating better efficiency compared to the previous year.

4. By March 31, 2024, the ratio dropped significantly to 4.13, signaling a decrease in the company's ability to generate revenue relative to its working capital investment.

5. Notably, the data for March 31, 2025, is not available (denoted by "—"), making it difficult to provide an analysis for that year.

In general, the working capital turnover ratio measures how effectively a company utilizes its working capital to generate revenue. A higher ratio indicates better efficiency in utilizing working capital. The fluctuation in Dynatrace Holdings LLC's working capital turnover over the years suggests varying levels of operational efficiency and effectiveness in managing its working capital. Further analysis would be required to understand the underlying reasons for these fluctuations and their potential impact on the company's financial performance.