Intuit Inc (INTU)
Payables turnover
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,624,000 | 3,465,000 | 3,143,000 | 2,406,000 | 1,683,000 |
| Payables | US$ in thousands | 792,000 | 721,000 | 638,000 | 737,000 | 623,000 |
| Payables turnover | 4.58 | 4.81 | 4.93 | 3.26 | 2.70 |
July 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,624,000K ÷ $792,000K
= 4.58
The payables turnover ratio for Intuit Inc demonstrates a notable upward trend over the period from July 31, 2021, to July 31, 2025. Specifically, the ratio increased from 2.70 in 2021 to 3.26 in 2022, indicating that the company was settling its payables more frequently during this interval. The upward movement continued more significantly between 2022 and 2023, with the ratio reaching 4.93, suggesting an even faster turnover of accounts payable.
Following this peak, the ratio remained relatively stable with a slight decline, registering at 4.81 in 2024 and slightly decreasing further to 4.58 in 2025. This pattern indicates a sustained or somewhat improved efficiency in paying off obligations, although the modest decline in the most recent year could hint at a slight easing of payment pace or changes in supplier payment terms.
Overall, the increasing payables turnover ratio over the observed years suggests an improvement in the company's liquidity management, highlighting its ability to pay its suppliers more promptly or more efficiently. The stabilization near the 4.5 to 5.0 range reflects a consistent approach to payable management, aligning with prudent financial practices.
Peer comparison
Jul 31, 2025