Analysis of Short-term (Operating) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
CrowdStrike Holdings Inc., short-term (operating) activity ratios
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | CrowdStrike Holdings Inc. receivables turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | CrowdStrike Holdings Inc. payables turnover ratio increased from 2022 to 2023 and from 2023 to 2024. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | CrowdStrike Holdings Inc. working capital turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | CrowdStrike Holdings Inc. number of days of payables outstanding decreased from 2022 to 2023 and from 2023 to 2024. |
Receivables Turnover
CrowdStrike Holdings Inc., receivables turnover calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenue | 3,055,555) | 2,241,236) | 1,451,594) | 874,438) | 481,413) | |
| Accounts receivable, net of allowance for credit losses | 853,105) | 626,181) | 368,145) | 239,199) | 164,987) | |
| Short-term Activity Ratio | ||||||
| Receivables turnover1 | 3.58 | 3.58 | 3.94 | 3.66 | 2.92 | |
| Benchmarks | ||||||
| Receivables Turnover, Competitors2 | ||||||
| Accenture PLC | — | 6.00 | 5.87 | 5.74 | 6.16 | |
| Adobe Inc. | — | 8.73 | 8.53 | 8.41 | 9.20 | |
| Autodesk Inc. | 6.28 | 5.21 | 6.13 | 5.89 | 5.02 | |
| Cadence Design Systems Inc. | — | 8.36 | 7.32 | 8.85 | 7.93 | |
| International Business Machines Corp. | — | 8.57 | 9.25 | 8.49 | 10.32 | |
| Intuit Inc. | 35.63 | 35.48 | 28.53 | 24.64 | 51.54 | |
| Microsoft Corp. | 4.31 | 4.35 | 4.48 | 4.42 | 4.47 | |
| Oracle Corp. | 6.73 | 7.22 | 7.13 | 7.48 | 7.04 | |
| Palo Alto Networks Inc. | 3.07 | 2.80 | 2.57 | 3.43 | 3.29 | |
| Salesforce Inc. | 3.05 | 2.92 | 2.72 | 2.73 | 2.77 | |
| ServiceNow Inc. | — | 4.41 | 4.20 | 4.24 | 4.48 | |
| Synopsys Inc. | — | 6.17 | 6.38 | 7.40 | 4.72 | |
| Receivables Turnover, Sector | ||||||
| Software & Services | — | 5.15 | 5.21 | 5.24 | 5.59 | |
| Receivables Turnover, Industry | ||||||
| Information Technology | — | 7.37 | 7.42 | 7.55 | 8.00 | |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2024 Calculation
Receivables turnover = Revenue ÷ Accounts receivable, net of allowance for credit losses
= 3,055,555 ÷ 853,105 = 3.58
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | CrowdStrike Holdings Inc. receivables turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Payables Turnover
CrowdStrike Holdings Inc., payables turnover calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Cost of revenue | 755,723) | 601,231) | 383,221) | 229,545) | 141,627) | |
| Accounts payable | 28,180) | 45,372) | 47,634) | 12,065) | 1,345) | |
| Short-term Activity Ratio | ||||||
| Payables turnover1 | 26.82 | 13.25 | 8.05 | 19.03 | 105.30 | |
| Benchmarks | ||||||
| Payables Turnover, Competitors2 | ||||||
| Accenture PLC | — | 17.41 | 16.37 | 15.03 | 22.48 | |
| Adobe Inc. | — | 7.50 | 5.71 | 5.98 | 5.63 | |
| Autodesk Inc. | 5.11 | 4.71 | 3.46 | 2.75 | 3.88 | |
| Cadence Design Systems Inc. | — | 4.77 | 7.89 | — | — | |
| International Business Machines Corp. | — | 6.67 | 6.87 | 6.54 | 7.75 | |
| Intuit Inc. | 4.81 | 4.93 | 3.26 | 2.70 | 4.52 | |
| Microsoft Corp. | 3.37 | 3.64 | 3.30 | 3.44 | 3.68 | |
| Oracle Corp. | 6.42 | 11.27 | 6.74 | 10.54 | 12.46 | |
| Palo Alto Networks Inc. | 17.71 | 14.43 | 13.43 | 22.41 | 15.72 | |
| Salesforce Inc. | — | — | — | — | — | |
| ServiceNow Inc. | — | 15.25 | 5.74 | 15.20 | 28.83 | |
| Synopsys Inc. | — | 7.84 | 28.30 | 31.44 | 26.49 | |
| Payables Turnover, Sector | ||||||
| Software & Services | — | 6.20 | 5.52 | 5.71 | 6.58 | |
| Payables Turnover, Industry | ||||||
| Information Technology | — | 4.87 | 4.54 | 4.99 | 5.35 | |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2024 Calculation
Payables turnover = Cost of revenue ÷ Accounts payable
= 755,723 ÷ 28,180 = 26.82
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | CrowdStrike Holdings Inc. payables turnover ratio increased from 2022 to 2023 and from 2023 to 2024. |
Working Capital Turnover
CrowdStrike Holdings Inc., working capital turnover calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current assets | 4,757,307) | 3,640,267) | 2,570,952) | 2,292,274) | 1,171,636) | |
| Less: Current liabilities | 2,697,279) | 2,109,072) | 1,406,830) | 863,553) | 493,096) | |
| Working capital | 2,060,028) | 1,531,195) | 1,164,122) | 1,428,721) | 678,540) | |
| Revenue | 3,055,555) | 2,241,236) | 1,451,594) | 874,438) | 481,413) | |
| Short-term Activity Ratio | ||||||
| Working capital turnover1 | 1.48 | 1.46 | 1.25 | 0.61 | 0.71 | |
| Benchmarks | ||||||
| Working Capital Turnover, Competitors2 | ||||||
| Accenture PLC | — | 11.93 | 15.07 | 12.77 | 8.71 | |
| Adobe Inc. | — | 6.85 | 20.28 | 9.09 | 4.89 | |
| Autodesk Inc. | — | — | — | — | — | |
| Cadence Design Systems Inc. | — | 10.61 | 9.92 | 4.01 | 3.94 | |
| International Business Machines Corp. | — | — | — | — | — | |
| Intuit Inc. | 7.45 | 8.13 | 8.98 | 3.85 | 1.73 | |
| Microsoft Corp. | 7.12 | 2.65 | 2.66 | 1.76 | 1.30 | |
| Oracle Corp. | — | — | 3.50 | 1.29 | 1.12 | |
| Palo Alto Networks Inc. | — | — | — | — | 1.40 | |
| Salesforce Inc. | 14.27 | 62.21 | 24.95 | 5.11 | 15.29 | |
| ServiceNow Inc. | — | 21.77 | 11.16 | 21.76 | 5.76 | |
| Synopsys Inc. | — | 13.12 | 21.34 | 10.65 | 9.00 | |
| Working Capital Turnover, Sector | ||||||
| Software & Services | — | 5.54 | 4.91 | 2.81 | 2.20 | |
| Working Capital Turnover, Industry | ||||||
| Information Technology | — | 5.24 | 5.71 | 3.86 | 2.86 | |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2024 Calculation
Working capital turnover = Revenue ÷ Working capital
= 3,055,555 ÷ 2,060,028 = 1.48
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | CrowdStrike Holdings Inc. working capital turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Average Receivable Collection Period
CrowdStrike Holdings Inc., average receivable collection period calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||
| Receivables turnover | 3.58 | 3.58 | 3.94 | 3.66 | 2.92 | |
| Short-term Activity Ratio (no. days) | ||||||
| Average receivable collection period1 | 102 | 102 | 93 | 100 | 125 | |
| Benchmarks (no. days) | ||||||
| Average Receivable Collection Period, Competitors2 | ||||||
| Accenture PLC | — | 61 | 62 | 64 | 59 | |
| Adobe Inc. | — | 42 | 43 | 43 | 40 | |
| Autodesk Inc. | 58 | 70 | 60 | 62 | 73 | |
| Cadence Design Systems Inc. | — | 44 | 50 | 41 | 46 | |
| International Business Machines Corp. | — | 43 | 39 | 43 | 35 | |
| Intuit Inc. | 10 | 10 | 13 | 15 | 7 | |
| Microsoft Corp. | 85 | 84 | 81 | 83 | 82 | |
| Oracle Corp. | 54 | 51 | 51 | 49 | 52 | |
| Palo Alto Networks Inc. | 119 | 130 | 142 | 106 | 111 | |
| Salesforce Inc. | 120 | 125 | 134 | 134 | 132 | |
| ServiceNow Inc. | — | 83 | 87 | 86 | 82 | |
| Synopsys Inc. | — | 59 | 57 | 49 | 77 | |
| Average Receivable Collection Period, Sector | ||||||
| Software & Services | — | 71 | 70 | 70 | 65 | |
| Average Receivable Collection Period, Industry | ||||||
| Information Technology | — | 50 | 49 | 48 | 46 | |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 3.58 = 102
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. |
Average Payables Payment Period
CrowdStrike Holdings Inc., average payables payment period calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||
| Payables turnover | 26.82 | 13.25 | 8.05 | 19.03 | 105.30 | |
| Short-term Activity Ratio (no. days) | ||||||
| Average payables payment period1 | 14 | 28 | 45 | 19 | 3 | |
| Benchmarks (no. days) | ||||||
| Average Payables Payment Period, Competitors2 | ||||||
| Accenture PLC | — | 21 | 22 | 24 | 16 | |
| Adobe Inc. | — | 49 | 64 | 61 | 65 | |
| Autodesk Inc. | 71 | 78 | 105 | 133 | 94 | |
| Cadence Design Systems Inc. | — | 77 | 46 | — | — | |
| International Business Machines Corp. | — | 55 | 53 | 56 | 47 | |
| Intuit Inc. | 76 | 74 | 112 | 135 | 81 | |
| Microsoft Corp. | 108 | 100 | 111 | 106 | 99 | |
| Oracle Corp. | 57 | 32 | 54 | 35 | 29 | |
| Palo Alto Networks Inc. | 21 | 25 | 27 | 16 | 23 | |
| Salesforce Inc. | — | — | — | — | — | |
| ServiceNow Inc. | — | 24 | 64 | 24 | 13 | |
| Synopsys Inc. | — | 47 | 13 | 12 | 14 | |
| Average Payables Payment Period, Sector | ||||||
| Software & Services | — | 59 | 66 | 64 | 55 | |
| Average Payables Payment Period, Industry | ||||||
| Information Technology | — | 75 | 80 | 73 | 68 | |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 26.82 = 14
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | CrowdStrike Holdings Inc. number of days of payables outstanding decreased from 2022 to 2023 and from 2023 to 2024. |