Take-Two Interactive Software Inc (TTWO)

Working capital turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	5,349,600	5,349,900	3,496,870	3,369,920	3,084,420
Total current assets	US$ in thousands	2,259,700	2,508,100	3,871,100	4,220,520	3,493,350
Total current liabilities	US$ in thousands	2,406,400	3,851,600	2,105,000	2,234,720	2,038,540
Working capital turnover		—	—	1.98	1.70	2.12

March 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,349,600K ÷ ($2,259,700K – $2,406,400K)
= —

The working capital turnover ratio for Take-Two Interactive Software Inc has exhibited fluctuations over the past five years. The ratio was not provided for the most recent year, ending March 31, 2024. However, for the prior years, Take-Two's working capital turnover was 1.98 in 2022, 1.70 in 2021, and 2.12 in 2020.

A higher working capital turnover ratio indicates that the company is efficiently using its working capital to generate revenue. In the case of Take-Two, the decreasing trend from 2.12 in 2020 to 1.70 in 2021 to 1.98 in 2022 suggests a decreasing efficiency in using its working capital effectively to generate sales.

The absence of the working capital turnover ratio for 2024 makes it challenging to assess the current trend. However, management should closely monitor this ratio in future periods to ensure that the company is utilizing its working capital efficiently to drive revenue growth and profitability.