Dynatrace Holdings LLC (DT)

Working capital turnover

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	1,470,114	1,392,717	1,314,472	1,233,589	1,160,830	1,098,940	1,042,450	989,478	931,945	875,864	818,209	761,041	707,409	665,482	624,869	584,561	550,403
Total current assets	US$ in thousands	1,605,300	1,286,660	1,101,590	1,074,430	1,118,180	830,897	851,278	859,802	948,422	812,320	652,710	638,046	680,282	574,504	461,139	441,936	487,777	411,444	355,558	190,255
Total current liabilities	US$ in thousands	1,258,550	958,588	856,366	899,953	1,037,040	831,017	708,913	749,380	865,599	713,155	594,093	598,872	647,911	550,303	451,535	441,189	490,183	449,233	381,093	938,630
Working capital turnover		4.24	4.25	5.36	7.07	14.31	—	7.32	8.96	11.25	8.83	13.96	19.43	21.85	27.50	65.06	782.54	—

March 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,470,114K ÷ ($1,605,300K – $1,258,550K)
= 4.24

The working capital turnover for Dynatrace Holdings LLC has shown fluctuations over the periods under review. The working capital turnover ratio measures a company's efficiency in utilizing its working capital to generate sales revenue.

From the data provided, we observe that the working capital turnover ratio ranged from 4.24 to 782.54 over the periods disclosed. The significant increase in the ratio from 4.24 at March 31, 2024, to 782.54 at June 30, 2020, suggests a substantial improvement in the company's ability to convert working capital into revenue during that timeframe.

However, it's important to note that the working capital turnover ratio at times may be very high or not calculable due to exceptional circumstances, such as a sharp increase in sales relative to the working capital or other financial anomalies not specified in the data presented.

Overall, assessing the working capital turnover ratio over time provides valuable insights into Dynatrace Holdings LLC's management of its working capital resources and their effectiveness in generating revenue.