Intuit Inc (INTU)
Payables turnover
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,732,000 | 3,681,000 | 3,730,000 | 3,648,000 | 3,585,000 | 3,515,000 | 3,309,000 | 3,227,000 | 3,143,000 | 3,030,000 | 2,873,000 | 2,665,000 | 2,406,000 | 2,271,000 | 2,042,000 | 1,844,000 | 1,683,000 | 1,540,000 | 1,371,000 | 1,344,000 |
| Payables | US$ in thousands | 792,000 | 1,002,000 | 1,038,000 | 652,000 | 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 |
| Payables turnover | 4.71 | 3.67 | 3.59 | 5.60 | 4.97 | 3.97 | 4.19 | 5.12 | 4.93 | 3.29 | 3.54 | 3.98 | 3.26 | 2.52 | 2.31 | 3.47 | 2.70 | 2.56 | 2.82 | 5.25 |
July 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,732,000K ÷ $792,000K
= 4.71
The payables turnover ratio for Intuit Inc demonstrates notable fluctuations over the specified periods. It commenced at a value of 5.25 as of October 31, 2020, indicating a relatively high frequency of accounts payable payments within this period. Subsequently, the ratio experienced a decline, reaching a low of 2.31 as of January 31, 2022, suggesting that the company was taking longer to settle its payables relative to its purchases or expenses during this phase.
From early 2022 onward, a trend of gradual recovery in the payables turnover ratio is observed. The ratio increased to 3.26 by July 31, 2022, and further to 3.98 by October 31, 2022. This upward movement continued into 2023, reaching 4.93 as of July 31, 2023, and peaking at 5.12 on October 31, 2023. These increases imply a more rapid payments cycle, possibly reflecting improved cash flow management or strategic payment policies.
In the subsequent periods, the ratio shows a slight decline from the October 2023 high to 4.19 as of January 31, 2024, followed by a modest decrease to 3.97 by April 30, 2024. However, there is again an upward trend into mid-2024, with the ratio reaching 4.97 as of July 31, 2024, and continuing to increase to 5.60 as of October 31, 2024. This indicates an acceleration in payables payments, potentially aligning with operational or strategic shifts.
Looking further into 2025, the payables turnover shows some variability, with the ratio decreasing to 3.59 in January, slightly rising to 3.67 in April, and then climbing again to 4.71 by July 31, 2025. Despite some fluctuations, the ratio remains within the higher range observed in previous periods, generally indicating efficient management of supplier obligations.
Overall, the data portrays a pattern of fluctuating but generally increasing payables turnover over the analyzed time frame, signaling periods of both extended and accelerated payment cycles, likely influenced by operational needs, cash management strategies, or supplier relationship management.
Peer comparison
Jul 31, 2025