Liveramp Holdings Inc (RAMP)

Working capital turnover

		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	Jun 30, 2020
Revenue (ttm)	US$ in thousands	745,580	728,708	707,165	681,553	659,661	636,435	621,181	608,409	596,583	589,682	571,671	551,862	528,657	506,107	485,256	462,627	443,026	429,552	412,016	397,498
Total current assets	US$ in thousands	656,189	643,807	582,120	585,037	602,032	769,662	727,846	706,046	714,559	696,194	704,796	724,854	815,834	821,780	774,594	771,459	825,715	858,653	832,006	825,272
Total current liabilities	US$ in thousands	247,518	231,624	199,468	189,638	216,576	208,752	186,697	172,377	174,829	175,777	150,198	143,045	184,566	184,036	136,249	130,183	165,249	157,332	141,167	125,884
Working capital turnover		1.82	1.77	1.85	1.72	1.71	1.13	1.15	1.14	1.11	1.13	1.03	0.95	0.84	0.79	0.76	0.72	0.67	0.61	0.60	0.57

March 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $745,580K ÷ ($656,189K – $247,518K)
= 1.82

Liveramp Holdings Inc's working capital turnover has been steadily improving over the past few years, reflecting the efficiency of the company in generating revenue from its working capital. The working capital turnover ratio has increased from 0.57 in June 30, 2020, to 1.82 in March 31, 2025, indicating that the company is able to generate $1.82 in revenue for every dollar of working capital invested.

The increasing trend in the working capital turnover ratio suggests that Liveramp Holdings Inc has been able to better manage its working capital and convert it into sales more effectively over time. This could be attributed to improvements in inventory management, accounts receivable collection, and accounts payable payment processes.

Overall, the rising working capital turnover ratio indicates that Liveramp Holdings Inc has been able to optimize its working capital utilization, which is a positive sign for the company's operational efficiency and financial performance.