Intuit Inc (INTU)

Number of days of payables

		Jul 31, 2024	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
Payables turnover		9.13	6.84	7.39	9.07	8.95	6.15	7.19	8.84	7.52	6.03	5.42	7.84	6.15	4.94	5.33	9.64	8.05	6.28	5.29	8.60
Number of days of payables	days	39.98	53.35	49.42	40.23	40.80	59.31	50.79	41.29	48.54	60.53	67.34	46.57	59.34	73.96	68.54	37.88	45.36	58.09	69.05	42.43

July 31, 2024 calculation

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

Based on the historical data provided, the number of days of payables for Intuit Inc has fluctuated over the past few years. The average number of days of payables over this period is approximately 52 days.

Intuit's number of days of payables has ranged from a low of 37.88 days to a high of 73.96 days, indicating some variability in the company's payment practices. Overall, the company appears to take an average of around 52 days to pay its suppliers.

Analyzing the trend, there have been fluctuations in the number of days of payables, with some periods showing longer periods of payment and others showing shorter periods. It is important to monitor this metric closely to understand the company's cash flow management and relationship with its vendors.