Electronic Arts Inc (EA)

Number of days of payables

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		15.55	29.05	12.11	24.61	18.10	28.44	13.43	26.54	18.41	20.45	12.71	20.84	15.56	16.22	8.24	28.82	20.13	22.56	8.66	23.11
Number of days of payables	days	23.48	12.57	30.15	14.83	20.16	12.84	27.19	13.75	19.83	17.85	28.71	17.52	23.45	22.50	44.31	12.66	18.13	16.18	42.17	15.80

March 31, 2024 calculation

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

The number of days of payables for Electronic Arts Inc has fluctuated over the periods analyzed. The average number of days of payables over the 20 periods is approximately 21.50 days.

The lowest number of days of payables was observed in Dec 31, 2023, at 12.57 days, indicating that the company takes less time to pay its suppliers during that period. On the other hand, the highest number of days of payables was recorded on Sep 30, 2020, at 44.31 days, showing that the company took longer to settle its payables during that quarter.

Overall, Electronic Arts Inc's number of days of payables has shown some variability, but on average, the company takes around 21.50 days to pay its suppliers, which can be an indicator of its payment efficiency and management of working capital.