Extreme Networks Inc (EXTR)

Working capital turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	1,117,690	1,295,900	1,103,890	986,853	925,480
Total current assets	US$ in thousands	466,926	576,158	489,089	487,595	414,207
Total current liabilities	US$ in thousands	517,588	575,501	500,181	455,700	397,821
Working capital turnover		—	1,972.45	—	30.94	56.48

June 30, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,117,690K ÷ ($466,926K – $517,588K)
= —

The working capital turnover for Extreme Networks Inc fluctuated over the past five years. In 2021, the company had a working capital turnover of 30.94, which increased significantly to 56.48 in 2020. However, the data for 2022 and 2024 is not available.

A high working capital turnover ratio like 56.48 indicates that Extreme Networks Inc efficiently utilizes its working capital to generate sales. This could reflect effective management of its current assets and liabilities.

It is important to note that the working capital turnover ratio depends on the industry and company's operating cycle, so it should be analyzed in conjunction with other financial metrics for a more comprehensive understanding of Extreme Networks Inc's financial performance.