Oracle Corporation (ORCL)
Working capital turnover
May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 57,399,000 | 55,783,000 | 54,933,000 | 53,815,000 | 52,961,000 | 52,510,000 | 51,628,000 | 50,962,000 | 49,954,000 | 47,958,000 | 46,073,000 | 44,158,000 | 42,441,000 | 41,828,000 | 41,400,000 | 40,840,000 | 40,479,000 | 39,691,000 | 39,402,000 | 39,216,000 |
Total current assets | US$ in thousands | 24,579,000 | 30,116,000 | 23,503,000 | 23,072,000 | 22,554,000 | 21,063,000 | 19,289,000 | 22,166,000 | 21,004,000 | 18,696,000 | 17,561,000 | 21,004,000 | 31,633,000 | 31,675,000 | 31,078,000 | 47,117,000 | 55,567,000 | 43,744,000 | 46,251,000 | 49,939,000 |
Total current liabilities | US$ in thousands | 32,643,000 | 29,623,000 | 29,052,000 | 32,045,000 | 31,544,000 | 24,885,000 | 24,407,000 | 25,357,000 | 23,090,000 | 22,880,000 | 27,106,000 | 34,819,000 | 19,511,000 | 20,833,000 | 18,881,000 | 23,071,000 | 24,164,000 | 20,250,000 | 21,347,000 | 18,748,000 |
Working capital turnover | — | 113.15 | — | — | — | — | — | — | — | — | — | — | 3.50 | 3.86 | 3.39 | 1.70 | 1.29 | 1.69 | 1.58 | 1.26 |
May 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $57,399,000K ÷ ($24,579,000K – $32,643,000K)
= —
The analysis of Oracle Corporation's working capital turnover ratio over the specified periods reveals notable fluctuations and trends. From August 2020 to February 2021, the ratio increased from 1.26 to 1.69, indicating an improvement in the company's efficiency in utilizing its working capital to generate sales or revenue. This upward trend continued into August 2021, reaching 1.70, further supporting the notion of enhanced operational efficiency during that timeframe.
A significant surge is observed between November 2021 and February 2022, where the ratio escalated from 3.39 to 3.86. This sharp increase suggests a substantial improvement in working capital management or sales performance relative to the company's working capital during this period. The ratio then remains relatively high, with a slight decline to 3.50 by May 2022, indicating sustained efficiency, albeit at a marginally reduced level.
Subsequent data points from August 2022 through August 2023 are unavailable, providing no further insights into changes during that interval. However, a remarkable outlier appears in February 2025, where the working capital turnover ratio spikes dramatically to 113.15. This extraordinary value implies a major shift—potentially reflecting a one-time adjustment, a change in financial reporting or calculation methods, or a significant operational event—that led to an exceptionally high efficiency metric.
Overall, the observed pattern illustrates periods of consistent improvement in working capital utilization culminating in a historical peak in early 2025. The periods with missing data limit comprehensive trend analysis beyond early 2022, but the available figures depict a trajectory of increasing efficiency with a notable anomaly at the end of the observed timeline.
Peer comparison
May 31, 2025
See also:
Oracle Corporation Working Capital Turnover (Quarterly Data)