Intuit Inc (INTU)

Receivables turnover

		Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Revenue	US$ in thousands	18,831,000	16,285,000	14,368,000	12,726,000	9,633,000
Receivables	US$ in thousands	1,983,000	1,317,000	1,121,000	1,048,000	646,000
Receivables turnover		9.50	12.37	12.82	12.14	14.91

July 31, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $18,831,000K ÷ $1,983,000K
= 9.50

The receivables turnover ratio for Intuit Inc. over the analyzed period demonstrates notable fluctuations and an overall declining trend. On July 31, 2021, the ratio was 14.91, indicating that the company collected its average receivables approximately 14.91 times during the fiscal year. By July 31, 2022, the ratio decreased to 12.14, suggesting a reduction in the efficiency of receivables collection. The slight increase to 12.82 on July 31, 2023 reflects a marginal improvement but remains below the 2021 level. In the subsequent year, as of July 31, 2024, the ratio declined again to 12.37, maintaining a relatively stable but lower collection efficiency compared to earlier years. The most recent data for July 31, 2025 indicates a further reduction to 9.50, signifying a significant slowdown in the collection cycle.

Overall, the trend suggests that Intuit Inc. has experienced a decline in receivables turnover over the past four years, which could imply longer collection periods, potential shifts in credit policies, or changes in customer payment behaviors. The decreasing ratio warrants further analysis to determine the underlying causes and assess the implications for the company's liquidity and cash flow management.