CrowdStrike Holdings Inc. (NASDAQ:CRWD)

The analysis of the financial ratios over the reported periods reveals several notable trends, reflecting changes in asset efficiency and equity utilization.

Net Fixed Asset Turnover

This ratio generally exhibits a rising trend from the earliest reported period where data is available (January 2020) through mid-2021, increasing from 3.54 to a peak of approximately 5.57 around April 2022. After this peak, a gradual decline is observed, with values tapering down to just below 5 by early 2025. This indicates an initial improvement in the efficiency with which fixed assets generate sales, followed by a slight weakening in recent quarters.

Net Fixed Asset Turnover (Including Operating Lease, Right-of-Use Asset)

This measure follows a similar but less pronounced upward trajectory compared to the standard net fixed asset turnover. Starting at 3.54 in early 2020, it dips slightly to 3.22 in the following quarter, then steadily climbs to nearly 5.06 by the third quarter of 2024 before a modest decline ensues. The inclusion of leased assets results in lower turnover ratios, reflecting the increased asset base. The pattern suggests improved utilization of both owned and leased fixed assets over time with a recent stabilization or minor decline.

Total Asset Turnover

The total asset turnover ratio shows moderate volatility but an overall improving trend from 0.34 in early 2020 to about 0.49 by mid-2023 and beyond. The ratio increases steadily with occasional slight dips yet sustains values close to 0.47 to 0.49 in the latest periods. This indicates enhanced effectiveness in using total assets to generate revenue, reflecting possible growth in operational efficiency or sales scale relative to asset base.

Equity Turnover

Equity turnover rises markedly from 0.65 in early 2020 to a maximum of approximately 1.55 in early 2023, evidencing improved sales generation per unit of shareholder equity. However, from that peak onward, a clear declining trend manifests, with the ratio dropping steadily to around 1.16 by early 2025. This decrease may signal a slower pace of sales growth relative to equity or potentially increased equity balances without proportional revenue gains in the later periods.

In summary, the company shows historically improving asset turnover metrics suggestive of enhanced asset utilization. The net fixed asset turnover ratios highlight initially strong gains followed by marginal declines, while the total asset turnover evidences sustained enhancement. Equity turnover gained substantially but then retreated in more recent quarters, hinting at changing relationships between equity investment and sales generation. These trends collectively suggest a phase of operational scaling with subsequent moderation in performance efficiency metrics.

The financial data indicates a continuous growth in revenue from April 2019 through July 2025. Starting at $96,077 thousand in April 2019, revenue rises steadily each quarter, reaching $1,168,952 thousand by July 2025. This consistent upward trajectory demonstrates strong sales expansion over the given periods.

Similarly, the net value of property and equipment exhibits an increasing trend throughout the same timeframe. Beginning at $86,349 thousand in April 2019, it increases nearly tenfold to $869,240 thousand by July 2025. This pattern suggests ongoing investment or capital expenditure in fixed assets supporting operational growth.

Net Fixed Asset Turnover Ratio

The net fixed asset turnover ratio shows values starting from the data available in January 2020. It begins at 3.54 and rises to a peak of 5.57 in April 2022, indicating enhanced efficiency in generating revenue from fixed assets during that period. Following the peak, the ratio gradually declines to approximately 4.99 by July 2025, reflecting a moderate reduction in asset utilization efficiency despite continuous revenue increases. This decline could be due to the accelerated growth in fixed assets relative to revenue or changes in asset composition.

Overall, the data suggests strong revenue growth supported by substantial investments in property and equipment. While asset utilization efficiency improved markedly until mid-2022, it has moderately decreased thereafter, implying potential scaling effects or the need for optimizing asset use going forward.

The analysis of the quarterly financial data reveals a consistent upward trend in revenue over the reporting periods. Revenue increased from $96,077 thousand in April 2019 to $1,168,952 thousand by July 2025, demonstrating significant growth and expansion in the company's business activities.

Similarly, the net value of property and equipment (including operating lease right-of-use assets) showed a steady increase during the same interval. Starting at $86,349 thousand in April 2019, the asset base expanded progressively to reach $932,639 thousand in July 2025. This growth indicates ongoing investment in fixed assets and leased resources which supports business operations and capacity enhancement.

The net fixed asset turnover ratio, available from January 2020 onwards, fluctuated within a certain range but generally exhibited a stable to improving trend. Starting at 3.54 in January 2020, the ratio peaked at 5.06 in October 2024, before slightly declining to 4.65 in July 2025. These figures suggest that while the company has been increasing its asset base, it has also been effective in generating revenue relative to those assets, maintaining operational efficiency.

Revenue Growth

Revenue showed a robust and steady increase over the evaluated periods, nearly increasing twelvefold from April 2019 to July 2025, reflecting strong sales performance and expansion.

Property and Equipment Expansion

The value of property and equipment consistently grew, more than tenfold, indicating substantial capital expenditures or lease investments to support the company’s growth strategies.

Net Fixed Asset Turnover

The turnover ratio remained in a range that underscores effective use of fixed assets to generate revenue, peaking in late 2024 before a mild reduction, implying a possible balance between asset growth and revenue traction.

Overall, the data illustrate a successful scaling of the business with significant asset accumulation while maintaining healthy efficiency in asset utilization to drive revenue increases.

The revenue of the company demonstrates a consistent upward trajectory across the periods observed. Starting at approximately 96 million USD in April 2019, revenue steadily increased each quarter, reaching around 1.17 billion USD by July 2025. This reflects a robust growth pattern with no evident periods of decline or stagnation, indicating effective business expansion and market penetration.

Total assets have also shown substantial growth over the same horizon. Initially reported at approximately 457 million USD in April 2019, total assets increased significantly to about 9.29 billion USD by July 2025. This growth is relatively steady, although there is a noticeable jump between January 2021 and April 2021, suggesting possible acquisitions, investments, or capital infusions that contributed to asset base expansion during that timeframe.

The total asset turnover ratio, available from January 2020 onward, displays moderate variation. Beginning at 0.34, it gradually increased to around 0.47 by July 2025. This ratio measures how efficiently assets are used to generate revenue, and the upward trend suggests improving operational efficiency. Nonetheless, the ratio fluctuates slightly within a narrow range, indicating that while asset utilization has generally become more effective over time, the improvements are incremental rather than dramatic.

Revenue

Consistently increasing from 96 million USD to approximately 1.17 billion USD over six years, indicating sustained growth and successful revenue generation.

Total Assets

Significant expansion from 457 million USD to nearly 9.3 billion USD, with a notable surge early in 2021, pointing to major asset acquisition or investment activity.

Total Asset Turnover

An overall improvement from 0.34 to 0.47, reflecting enhanced efficiency in asset usage, although showing minor fluctuations, signaling steady rather than rapid gains in operational productivity.

The data reveals a consistent upward trajectory in revenue over the entire period, indicating steady business growth. Starting at $96,077 thousand in April 2019, revenue increased steadily and experienced notable acceleration from early 2020 onwards. By April 2025, revenue reaches $1,168,952 thousand, representing a more than twelvefold increase over six years. This sustained growth suggests an effective expansion of the company's market presence or product offerings.

Stockholders’ equity shows a broadly increasing trend as well, though with some fluctuations in early periods. From a starting point of $72,735 thousand in April 2019, equity jumped sharply to over $728,000 thousand by July 2019, likely due to an equity issuance or reclassification. Subsequently, equity continued to rise steadily, reaching approximately $3,756,680 thousand by April 2025. The overall increasing trend in equity aligns with the company’s expanding asset base and retained earnings growth over time.

Equity turnover ratio data, available from January 2020 onwards, indicates changes in asset efficiency relative to equity. The ratio started at 0.65 in January 2020 and increased steadily until reaching a peak of approximately 1.55 in October 2022. This suggests a period of improving efficiency in utilizing equity to generate revenue. However, from late 2022 through April 2025, there is a gradual decline in the ratio, trending downwards to about 1.16. This decline might indicate an increase in equity relative to revenue, or a moderation in revenue growth relative to equity, implying a potential shift in financial strategy or operational efficiency.

Revenue Trends

Consistent and strong growth from $96 million to over $1.16 billion across six years, indicating successful expansion.

Stockholders’ Equity Trends

Substantial growth with an initial large increase coinciding with mid-2019, followed by steady rises, reflecting increased retained earnings or capital infusion.

Equity Turnover Ratio

Initial improvement from 0.65 to 1.55 by late 2022, showing enhanced revenue generation relative to equity, then a gradual decline down to 1.16, suggesting changes in asset utilization efficiency or capital structure adjustments.

Overall, the financial data highlights robust revenue growth supported by increasing equity. The improvement and subsequent moderation in equity turnover ratio provide insights into evolving operational effectiveness and capital management during the reporting periods.