Autodesk Inc (ADSK)

Number of days of payables

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Payables turnover		5.11	4.71	3.45	2.75	3.88
Number of days of payables	days	71.43	77.56	105.66	132.68	94.03

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.11
= 71.43

Autodesk Inc's number of days of payables has shown a downward trend over the past five years, indicating a more efficient management of its payables. The number of days of payables decreased from 132.68 days in January 2021 to 71.43 days in January 2024. This suggests that the company is taking less time to pay its suppliers, which may reflect improved working capital management and stronger vendor relationships.

A decreasing number of days of payables can also indicate a more streamlined payment process and potentially better negotiation terms with suppliers. However, it is essential for Autodesk Inc to strike a balance between extending payment terms to improve cash flow and maintaining good relationships with suppliers.

Overall, the decreasing trend in Autodesk Inc's number of days of payables is a positive signal of enhanced efficiency in managing its payables, which can contribute to improved liquidity and financial stability. It is important for the company to continue monitoring this ratio to ensure sustainable and beneficial relationships with its suppliers.