NVIDIA Corporation (NVDA)
Working capital turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 130,497,000 | 60,922,000 | 60,922,000 | 26,974,000 | 26,974,000 |
| Total current assets | US$ in thousands | 80,126,000 | 44,345,000 | 44,345,000 | 23,073,000 | 23,073,000 |
| Total current liabilities | US$ in thousands | 18,047,000 | 10,631,000 | 10,631,000 | 6,563,000 | 6,563,000 |
| Working capital turnover | 2.10 | 1.81 | 1.81 | 1.63 | 1.63 |
January 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $130,497,000K ÷ ($80,126,000K – $18,047,000K)
= 2.10
The working capital turnover for NVIDIA Corporation has shown a consistent improvement over the years, indicating increased efficiency in utilizing its working capital to generate revenue. The ratio has steadily increased from 1.63 in January 2023 and 2024 to 2.10 in January 2025. This trend suggests that NVIDIA has been able to generate more revenue relative to its working capital, which is a positive indicator of the company's operational efficiency and effective management of its working capital resources. A higher working capital turnover ratio signifies that the company is able to convert its working capital into sales more frequently, which can lead to better liquidity and profitability.
Peer comparison
Jan 31, 2025