Extreme Networks Inc (EXTR)

Working capital turnover

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	1,140,067	1,089,717	1,016,248	1,033,270	1,117,203	1,224,460	1,345,931	1,367,902	1,312,454	1,226,740	1,179,741	1,142,326	1,112,321	1,112,213	1,080,105	1,041,300	1,009,418	946,852	902,971	928,315
Total current assets	US$ in thousands	535,296	476,598	495,289	476,767	466,926	505,984	558,243	532,456	576,158	502,072	497,665	482,104	489,089	446,876	430,517	424,171	487,595	420,880	403,298	406,680
Total current liabilities	US$ in thousands	587,875	511,962	534,222	526,409	517,588	528,302	548,966	528,718	575,501	526,846	529,102	502,699	500,181	457,790	467,680	455,060	455,700	414,895	422,242	435,611
Working capital turnover		—	—	—	—	—	—	145.08	365.94	1,997.65	—	—	—	—	—	—	—	31.65	158.20	—	—

June 30, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,140,067K ÷ ($535,296K – $587,875K)
= —

The analysis of Extreme Networks Inc.'s working capital turnover over the specified periods reveals notable fluctuations indicative of varying operational efficiency and liquidity management. During the fiscal quarter ending March 31, 2021, the company exhibited a working capital turnover of 158.20, suggesting a relatively high efficiency in utilizing working capital to generate sales. However, this figure declined sharply in the subsequent quarter ending June 30, 2021, to 31.65, implying a significant decrease in the efficiency of working capital utilization.

Following this period, there is a lack of data for the quarters ending September 30, 2021, through December 31, 2022, and into 2023, which limits a continuous trend analysis. Notably, a substantial reversal occurs in the quarter ending June 30, 2023, with the working capital turnover surging to 1,997.65, indicating extremely high efficiency—possibly due to operational restructuring, asset revaluation, or extraordinary sales activities. In the subsequent quarter ending September 30, 2023, it drops markedly to 365.94, and further decreases to 145.08 by December 31, 2023, reflecting a normalization or stabilization after the prior peak.

Overall, the data suggests periods of significant volatility in Extreme Networks Inc.'s working capital management, with exceptionally high ratios in 2023 potentially associated with atypical financial or operational circumstances. The absence of data outside these specific points constrains the ability to establish a clear, continuous trend; however, the observed fluctuations point toward inconsistent working capital efficiency across the periods examined.