Take-Two Interactive Software Inc (TTWO)

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 5,633,600 5,450,500 5,457,000 5,403,100 5,349,600 5,396,400 5,437,900 5,532,200 5,349,900 4,833,704 4,329,156 3,793,854 3,504,800 3,414,227 3,371,864 3,354,808 3,372,772 3,293,882 3,363,122 3,379,821
Total current assets US$ in thousands 2,815,900 2,401,300 2,705,700 2,559,000 2,259,700 2,218,500 2,536,800 2,255,000 2,508,100 2,606,700 3,251,100 3,036,000 3,871,100 3,705,010 4,243,460 4,013,610 4,220,520 4,159,960 3,932,100 3,686,930
Total current liabilities US$ in thousands 3,615,800 2,895,100 3,200,500 2,846,300 2,406,400 2,692,400 3,000,100 2,738,000 3,851,600 3,009,800 3,467,000 3,286,700 2,104,960 2,072,340 2,566,870 2,165,330 2,234,720 2,341,790 2,325,840 2,148,740
Working capital turnover — — — — — — — — — — — — 1.98 2.09 2.01 1.82 1.70 1.81 2.09 2.20

March 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,633,600K ÷ ($2,815,900K – $3,615,800K)
= —

The working capital turnover ratio for Take-Two Interactive Software Inc has fluctuated over the periods provided in the data. The working capital turnover ratio measures how efficiently a company is using its working capital to generate revenue. A higher ratio indicates better efficiency in managing working capital.

In June 2020, the working capital turnover ratio was 2.20, suggesting that the company was able to generate 2.20 times the sales revenue with its working capital during that period. The ratio decreased to 1.70 in March 2021, indicating a potential decrease in efficiency in utilizing working capital.

Subsequently, there was a slight increase in the ratio to 2.01 in September 2021 and peaked at 2.09 in December 2021. This improvement suggests that the company was able to better leverage its working capital to drive revenue during these periods.

However, the ratio dropped to 1.98 in March 2022 and remained stable at around 1.80 to 2.00 in the following periods. The absence of data from June 30, 2022, onwards makes it challenging to provide a more recent analysis.

Overall, while the company has shown fluctuations in its working capital turnover ratio, maintaining a ratio above 1 indicates that Take-Two Interactive Software Inc has generally been efficient in using its working capital to generate sales revenue, although there may have been some variability in efficiency over time.