Oracle Corporation (ORCL)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 13,548,000 | 13,837,000 | 13,977,000 | 14,312,000 | 14,673,000 | 13,909,000 | 13,013,000 | 16,596,000 | 15,418,000 | 15,291,000 | 15,305,000 | 10,711,000 | 10,884,000 | 10,718,000 | 10,851,000 | 11,026,000 | 11,166,000 | 11,738,000 | 11,747,000 | 11,880,000 |
| Payables | US$ in thousands | 2,357,000 | 1,658,000 | 1,107,000 | 1,034,000 | 1,204,000 | 1,610,000 | 1,647,000 | 1,461,000 | 1,317,000 | 1,124,000 | 1,034,000 | 749,000 | 745,000 | 812,000 | 724,000 | 534,000 | 637,000 | 533,000 | 534,000 | 486,000 |
| 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 |
May 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $13,548,000K ÷ $2,357,000K
= 5.75
Over the past few years, Oracle Corporation's payables turnover ratio has shown fluctuations. The payables turnover ratio indicates how efficiently a company pays its suppliers. Higher values suggest that the company is paying its suppliers more quickly.
In the most recent period ending May 31, 2024, Oracle Corporation's payables turnover was 5.75. This represents a decrease compared to the previous period, where the ratio was 8.35 as of February 29, 2024. Despite this decrease, the payables turnover ratio of 5.75 is still indicative of a relatively efficient payment cycle with room for improvement.
Looking back over the past few years, the trend in Oracle's payables turnover ratio has been variable. The ratio ranged from a low of 5.75 to a high of 24.44, indicating fluctuations in how quickly Oracle pays its suppliers over time.
It would be important for stakeholders to closely monitor Oracle's payables turnover ratio to ensure that the company maintains efficient payment practices and manages its relationships with suppliers effectively.
Peer comparison
May 31, 2024