Oracle Corporation (ORCL)
Number of days of payables
May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Payables turnover | 3.31 | 6.96 | 6.17 | 7.33 | 6.74 | 9.02 | 13.12 | 13.67 | 11.27 | 7.60 | 6.68 | 6.71 | 6.74 | 7.65 | 8.03 | 10.79 | 10.54 | 9.49 | 10.71 | 14.72 | |
Number of days of payables | days | 110.26 | 52.48 | 59.17 | 49.78 | 54.16 | 40.48 | 27.83 | 26.70 | 32.40 | 48.05 | 54.61 | 54.36 | 54.16 | 47.69 | 45.48 | 33.84 | 34.61 | 38.48 | 34.09 | 24.79 |
May 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.31
= 110.26
The analysis of Oracle Corporation's number of days of payables over multiple reporting periods reveals notable fluctuations and trends. Initially, in late 2020, the payable days ranged from approximately 24.79 days in August to 34.09 days in November, indicating relatively prompt payment practices. By early 2021, this measure increased to 38.48 days in February and slightly declined thereafter, maintaining a level around the mid-30s to low 40s through mid-2021.
Starting from late 2021, a clear upward trend emerges, with payable days rising significantly, reaching approximately 54.16 days in mid-2022, which reflects a longer period before disbursing payments to suppliers. This elevated level persisted through late 2022 and into early 2023, with the payables days peaking at 54.61 days in November 2022. A notable decrease occurred in May 2023, dropping to 32.40 days, followed by further reduction to approximately 26.70 days in August 2023, indicating an intent to accelerate payments or improve cash management.
However, the trend then reversed: payable days increased again, reaching nearly 60 days in November 2024. The subsequent forecast for the future period (May 2025) indicates a substantial jump to approximately 110.26 days, suggesting an expected significant delay in settling payables, which could be influenced by strategic financial decisions, liquidity considerations, or supply chain relationships.
Overall, Oracle’s number of days of payables has exhibited variability, with periods of both rapid payment and extended delay. The fluctuations reflect changes in working capital management strategies, supplier negotiations, or broader financial policies, culminating in a marked increase in the most recent projections.
Peer comparison
May 31, 2025
See also:
Oracle Corporation Average Payables Payment Period (Quarterly Data)