Autodesk Inc (ADSK)
Payables turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 511,000 | 480,000 | 418,000 | 337,000 | 324,900 |
| Payables | US$ in thousands | 100,000 | 102,000 | 121,000 | 122,500 | 83,700 |
| Payables turnover | 5.11 | 4.71 | 3.45 | 2.75 | 3.88 |
January 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $511,000K ÷ $100,000K
= 5.11
Autodesk Inc's payables turnover ratio has shown a consistent improvement over the past five years. The ratio increased from 3.88 in 2020 to 5.11 in 2024. This indicates that Autodesk is able to efficiently manage its accounts payable turnover, indicating a faster rate at which the company pays off its suppliers and vendors. The increasing trend suggests that Autodesk has been optimizing its working capital management by effectively managing its payables. This improvement may indicate better negotiation terms with suppliers, more efficient payment processes, or stronger supplier relationships. Overall, the increasing payables turnover ratio reflects positively on Autodesk's financial management and operational efficiency.
Peer comparison
Jan 31, 2024