Oracle Corporation (ORCL)

Number of days of payables

		May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019
Payables turnover		5.75	8.35	12.63	13.84	12.19	8.64	7.90	11.36	11.71	13.60	14.80	14.30	14.61	13.20	14.99	20.65	17.53	22.02	22.00	24.44
Number of days of payables	days	63.50	43.74	28.91	26.37	29.95	42.25	46.20	32.13	31.18	26.83	24.66	25.52	24.98	27.65	24.35	17.68	20.82	16.57	16.59	14.93

May 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.75
= 63.50

The number of days of payables for Oracle Corporation has shown some fluctuations over the last few quarters. The trend indicates that the company takes, on average, around 30 to 40 days to pay its suppliers.

In the most recent quarter, as of May 31, 2024, the number of days of payables has increased to 63.50 days, which suggests that Oracle is taking longer to settle its payables compared to the previous quarter. This may indicate a shift in the company's payment behavior or changes in the supplier agreements.

Looking back further, we observe that the number of days of payables has been somewhat volatile over the last two years. The lowest number of days of payables was observed on August 31, 2020, at 17.68 days, while the highest was on November 30, 2022, at 46.20 days.

Overall, a thorough analysis of Oracle Corporation's payables management should consider additional factors such as industry benchmarks, company strategy, and economic conditions to provide a more comprehensive evaluation.