Intuit Inc (INTU)

Number of days of payables

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Payables turnover		9.13	8.95	7.52	6.13	9.08
Number of days of payables	days	39.98	40.80	48.54	59.50	40.20

July 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.13
= 39.98

Intuit Inc's number of days of payables has fluctuated over the past five years. In the most recent fiscal year ending on July 31, 2024, the company took approximately 39.98 days to pay its payables, slightly lower than the previous year's 40.80 days. This indicates that Intuit improved its payables management efficiency in FY 2024.

Compared to FY 2022 and FY 2021, where the number of days of payables was 48.54 days and 59.50 days, respectively, Intuit has shown a significant reduction in the time taken to settle its payables. This trend suggests that the company has been effective in managing its payment obligations more promptly in recent years.

However, it is worth noting that the number of days of payables in FY 2024 is higher than in FY 2020, where it stood at 40.20 days. This slight increase may indicate a change in the company's payment practices or relationship with its suppliers.

Overall, Intuit Inc's number of days of payables has shown some fluctuations but has generally improved in recent years, reflecting a more efficient management of its payment obligations. Monitoring this ratio over time can provide valuable insights into the company's liquidity and operational efficiency.