Extreme Networks Inc (EXTR)

Working capital turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	1,140,070	1,117,200	1,312,450	1,112,320	1,009,420
Total current assets	US$ in thousands	535,296	466,926	576,158	489,089	487,595
Total current liabilities	US$ in thousands	587,875	517,588	575,501	500,181	455,700
Working capital turnover		—	—	1,997.64	—	31.65

June 30, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,140,070K ÷ ($535,296K – $587,875K)
= —

The working capital turnover ratio for Extreme Networks Inc. over the specified periods indicates notable fluctuations in operational efficiency related to the company's use of working capital. As of June 30, 2021, the ratio was 31.65, suggesting a relatively high level of efficiency in generating sales from the company's working capital base at that time. This ratio reflects that for each dollar of working capital employed, approximately 31.65 dollars of sales were generated, indicative of effective management and utilization of short-term assets and liabilities.

By June 30, 2022, the ratio data is unavailable or not reported, which limits the ability to analyze the trend for that year. Subsequently, by June 30, 2023, there was a substantial increase to 1,997.64. This extraordinary spike suggests a dramatic improvement in working capital efficiency or a significant change in accounting or operational structure that impacted the ratio. Such an elevated figure could be indicative of one or a combination of factors including a considerable reduction in working capital, a surge in sales not proportionally matched by working capital changes, or a potential anomaly in financial reporting.

After June 30, 2023, the ratio is again reported as not available or not applicable for June 30, 2024, and June 30, 2025, precluding further trend analysis for those periods.

Overall, the data reflects a period of significant change in the company's working capital management, with the most notable observation being the extraordinary ratio reported as of June 30, 2023. Further insight would require additional context about the company's financial structure, operational changes, or specific circumstances during that period.