Oracle Corporation (ORCL)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 57,399,000 | 55,783,000 | 54,933,000 | 53,815,000 | 52,961,000 | 52,510,000 | 51,628,000 | 50,962,000 | 49,954,000 | 47,958,000 | 46,073,000 | 44,158,000 | 42,441,000 | 41,828,000 | 41,400,000 | 40,840,000 | 40,479,000 | 39,691,000 | 39,402,000 | 39,216,000 |
| Receivables | US$ in thousands | 8,558,000 | 8,051,000 | 8,177,000 | 8,021,000 | 7,874,000 | 7,297,000 | 6,804,000 | 6,519,000 | 6,915,000 | 6,213,000 | 6,197,000 | 5,937,000 | 5,953,000 | 4,588,000 | 4,462,000 | 4,482,000 | 5,409,000 | 4,637,000 | 4,423,000 | 4,576,000 |
| Receivables turnover | 6.71 | 6.93 | 6.72 | 6.71 | 6.73 | 7.20 | 7.59 | 7.82 | 7.22 | 7.72 | 7.43 | 7.44 | 7.13 | 9.12 | 9.28 | 9.11 | 7.48 | 8.56 | 8.91 | 8.57 |
May 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $57,399,000K ÷ $8,558,000K
= 6.71
The receivables turnover ratio for Oracle Corporation demonstrates notable fluctuations over the analyzed period. At the start of the period, on August 31, 2020, the ratio stood at approximately 8.57, indicating that receivables were collected roughly 8.6 times annually. This level increased slightly to 8.91 by November 30, 2020, suggesting a modest improvement in receivables collection efficiency.
Throughout early 2021, the ratio remained relatively stable, with minor variations—dropping marginally to 8.56 in February 2021 and declining more noticeably to 7.48 by May 2021. Subsequently, the ratio increased again, reaching 9.11 on August 31, 2021, and maintained a generally upward trajectory into late 2021, peaking at approximately 9.28 in November 2021. This indicates a period of enhanced receivables management, with faster collection cycles.
Entering 2022, the ratio stabilized around 9.12 in February but then experienced a decline to 7.13 by May 2022, representing a significant decrease in receivables turnover and implying longer collection periods. The ratio persisted at lower levels throughout 2022 and into early 2023, with values such as 7.44 in August 2022 and 7.72 in February 2023, reflecting a trend toward slower receivables collection.
A slight recovery was observed in the latter half of 2023, with the ratio increasing to 7.82 in August 2023 and slightly decreasing to 7.59 in November 2023. Moving into 2024 and 2025, the ratio evidenced further decline, reaching as low as 6.71 in May 2024, with minor fluctuations thereafter. The values suggest a trend of lengthening receivables collection periods over the analyzed horizon.
Overall, the data indicates that Oracle’s receivables turnover experienced periods of improvement, notably in late 2020 and late 2021, but then generally declined through 2022 and into 2024-2025. These shifts imply variations in receivables management efficiency, with recent periods characterized by longer collection cycles, potentially affecting cash flow and working capital management.
Peer comparison
May 31, 2025