Oracle Corporation (ORCL)
Number of days of payables
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.75 | 12.19 | 11.71 | 14.61 | 17.53 | |
| Number of days of payables | days | 63.49 | 29.95 | 31.18 | 24.98 | 20.82 |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.75
= 63.49
The number of days of payables for Oracle Corporation has been increasing over the past five years. In May 2020, the company took approximately 20.82 days to pay its outstanding payables, which then increased to 24.98 days in May 2021, 31.18 days in May 2022, and further increased to 29.95 days in May 2023. By May 2024, the number of days of payables peaked at 63.49 days.
This trend indicates that Oracle is taking a longer time to settle its payables over the years, which may potentially indicate a change in the company's payment policies or relationships with suppliers. A higher number of days of payables could be a strategic move to optimize working capital management or could potentially signal liquidity challenges. Further analysis of the company's financial performance and cash flow management would provide more insights into the reasons behind this trend and its implications for Oracle's overall financial health.
Peer comparison
May 31, 2024