Autodesk Inc (ADSK)

Payables turnover

		Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019
Cost of revenue (ttm)	US$ in thousands	521,000	511,000	505,000	498,000	490,000	480,000	468,000	456,000	443,000	418,000	396,500	372,200	347,100	337,000	329,700	325,500	324,100	324,900	318,700	311,500
Payables	US$ in thousands	163,000	100,000	127,000	124,000	127,000	102,000	134,000	109,000	135,000	121,000	133,600	108,400	124,000	122,500	121,300	99,200	85,200	83,700	106,100	93,000
Payables turnover		3.20	5.11	3.98	4.02	3.86	4.71	3.49	4.18	3.28	3.45	2.97	3.43	2.80	2.75	2.72	3.28	3.80	3.88	3.00	3.35

April 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $521,000K ÷ $163,000K
= 3.20

Autodesk Inc's payables turnover ratio has fluctuated over the past several reporting periods, ranging from a low of 2.72 to a high of 5.11. The payables turnover ratio measures how efficiently a company is managing its payments to suppliers. A higher ratio generally indicates that the company is paying off its suppliers more quickly.

The trend in Autodesk Inc's payables turnover ratio shows some variability but generally stays within a moderate range. It peaked in January 2024 at 5.11, reflecting a faster rate of paying off its accounts payable compared to other periods. However, this high turnover rate was followed by a decrease in the subsequent quarter to 3.98.

Overall, Autodesk Inc has maintained a relatively stable payables turnover ratio, with some fluctuations possibly due to changes in payment terms with suppliers, company growth, or other operational factors. Analyzing the payables turnover ratio over time provides insights into the company's liquidity management and its relationships with suppliers.