HealthEquity Inc (HQY)
Working capital turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,202,300 | 945,655 | 815,511 | 717,771 | 700,488 |
| Total current assets | US$ in thousands | 477,749 | 557,436 | 382,893 | 351,337 | 460,177 |
| Total current liabilities | US$ in thousands | 156,323 | 117,091 | 131,061 | 153,187 | 204,701 |
| Working capital turnover | 3.74 | 2.15 | 3.24 | 3.62 | 2.74 |
January 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,202,300K ÷ ($477,749K – $156,323K)
= 3.74
HealthEquity Inc's working capital turnover has shown fluctuations over the past five years.
In January 31, 2021, the working capital turnover was at 2.74, indicating that the company generated $2.74 in revenue for every dollar of working capital invested.
By January 31, 2022, the working capital turnover improved to 3.62, signaling an increase in efficiency in utilizing its working capital.
However, in the following year, by January 31, 2023, the working capital turnover slightly decreased to 3.24, but still remained relatively high compared to the base year.
The trend reversed in January 31, 2024, with a significant drop in the working capital turnover to 2.15, which suggests a decrease in revenue generated per dollar of working capital invested.
Finally, as of January 31, 2025, the working capital turnover rebounded to 3.74, indicating an improvement in efficiency in utilizing the working capital compared to the previous year.
Overall, the fluctuations in HealthEquity Inc's working capital turnover demonstrate varying levels of efficiency in generating revenue relative to its working capital over the five-year period.
Peer comparison
Jan 31, 2025