Intuit Inc (INTU)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 18,831,000 | 18,184,000 | 17,167,000 | 16,590,000 | 16,285,000 | 15,813,000 | 15,094,000 | 14,749,000 | 14,368,000 | 14,070,000 | 13,684,000 | 13,316,000 | 12,726,000 | 12,873,000 | 11,414,000 | 10,317,000 | 9,633,000 | 8,888,000 | 7,717,000 | 7,837,000 |
| Receivables | US$ in thousands | 1,983,000 | 7,232,000 | 5,817,000 | 1,345,000 | 1,317,000 | 1,499,000 | 2,055,000 | 1,047,000 | 1,121,000 | 1,419,000 | 1,918,000 | 1,038,000 | 1,048,000 | 744,000 | 1,130,000 | 522,000 | 646,000 | 558,000 | 618,000 | 128,000 |
| Receivables turnover | 9.50 | 2.51 | 2.95 | 12.33 | 12.37 | 10.55 | 7.35 | 14.09 | 12.82 | 9.92 | 7.13 | 12.83 | 12.14 | 17.30 | 10.10 | 19.76 | 14.91 | 15.93 | 12.49 | 61.23 |
July 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $18,831,000K ÷ $1,983,000K
= 9.50
The receivables turnover ratio for Intuit Inc. exhibits significant fluctuations over the analyzed period. Notably, the ratio was exceptionally high at 61.23 as of October 31, 2020, indicating an extremely efficient collection process or a very short average collection period at that time. Subsequently, there was a sharp decline, with the ratio dropping sharply to 12.49 by January 31, 2021, suggesting a substantial slowdown in receivables collection efficiency.
From early 2021 through late 2022, the ratio demonstrated variability but generally remained within the range of approximately 10 to 20, with some periods such as April 30, 2021, reaching 15.93, and October 31, 2021, at 19.76. These figures indicate moderate collection efficiency during this period.
Starting in late 2022, a declining trend is observable, with the ratio decreasing further and reaching a low of 7.13 at January 31, 2023. This lower value reflects longer average collection periods, potentially pointing to extended payment cycles, changes in customer credit policies, or shifts in the company's sales mix.
The ratio shows some recovery from this low, rising again to around 12.82 by July 31, 2023, and slightly higher to 14.09 as of October 31, 2023. This indicates a modest improvement in receivables collection efficiency during this period.
However, subsequent data reveals a sharp decline again, with the ratio falling to 2.95 by January 31, 2025, and further down to 2.51 by April 30, 2025. These extremely low ratios suggest significant delays in receivables collections or potential strategic changes that have prolonged the collection period considerably. By July 31, 2025, the ratio increases to 9.50, signaling some improvement but still reflecting relatively extended collection periods compared to earlier periods.
Overall, the data indicates that Intuit's receivables turnover ratio has experienced considerable volatility, with periods of very high turnover potentially reflecting more aggressive collection practices or favorable credit policies, and periods of low turnover indicating extended collection cycles or changes in credit management. The marked decline in recent periods could be a concern, potentially affecting cash flow and liquidity, warranting further analysis of underlying causes and implications for operational efficiency.
Peer comparison
Jul 31, 2025