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.