Intuit Inc (INTU)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 6,582,000 | 6,062,000 | 5,827,000 | 5,716,000 | 5,708,000 | 5,668,000 | 5,828,000 | 5,923,000 | 5,542,000 | 5,427,000 | 4,786,000 | 4,162,000 | 3,832,000 | 2,966,000 | 2,588,000 | 2,467,000 | 2,454,000 | 2,413,000 | 2,405,000 | 2,340,000 |
| Payables | US$ in thousands | 721,000 | 886,000 | 789,000 | 630,000 | 638,000 | 921,000 | 811,000 | 670,000 | 737,000 | 900,000 | 883,000 | 531,000 | 623,000 | 601,000 | 486,000 | 256,000 | 305,000 | 384,000 | 455,000 | 272,000 |
| 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 |
July 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,582,000K ÷ $721,000K
= 9.13
The payables turnover ratio for Intuit Inc has shown fluctuations over the past few years, ranging from a low of 4.94 to a high of 9.64. The ratio indicates how efficiently the company is managing its accounts payable by evaluating the frequency with which it pays its suppliers.
The trend in the payables turnover ratio appears to be inconsistent, with no clear directional movement. However, it is noteworthy that the ratio has generally been above 5, suggesting that Intuit is able to efficiently manage its accounts payable obligations. Higher values of the ratio, such as the peak at 9.64, indicate that the company is paying its suppliers more frequently within a given period.
It is important to consider other factors impacting the ratio, such as changes in the company's payment terms with suppliers, changes in the volume of purchases, or shifts in the industry dynamics. Further analysis and comparison with industry benchmarks may provide additional insights into Intuit's payment practices and financial performance.
Peer comparison
Jul 31, 2024