Electronic Arts Inc (EA)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		15.55	18.10	18.41	15.56	20.13
Number of days of payables	days	23.48	20.16	19.83	23.45	18.13

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.55
= 23.48

Electronic Arts Inc's number of days of payables, which measures how long it takes the company to pay its suppliers, has shown some fluctuations in recent years.

In the fiscal year ending March 31, 2024, Electronic Arts Inc had 23.48 days of payables, indicating that the company takes approximately 23.48 days on average to settle its outstanding payables. This represents an increase from the previous year when the number of days of payables was 20.16 days.

Comparing these figures to earlier years, we can observe a trend of fluctuating payment cycles. In the fiscal year ending March 31, 2022, the number of days of payables was 19.83 days, slightly lower than the current year. However, in the fiscal year ending March 31, 2021, the number of days of payables increased to 23.45 days, and in the fiscal year ending March 31, 2020, it was 18.13 days, indicating shorter payment cycles for suppliers.

Overall, it is essential to monitor Electronic Arts Inc's number of days of payables to understand the company's cash management practices and relationships with suppliers. Fluctuations in this ratio can provide insights into the company's working capital management and vendor payment strategies.