Take-Two Interactive Software Inc (TTWO)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		15.86	21.87	20.88	33.84	35.63
Number of days of payables	days	23.01	16.69	17.48	10.79	10.24

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.86
= 23.01

Take-Two Interactive Software Inc's number of days of payables measures the average number of days it takes for the company to pay its suppliers and vendors. The trend in this ratio over the past five years shows an increasing pattern, indicating that the company is taking longer to settle its payables.

In the most recent fiscal year ended March 31, 2024, Take-Two Interactive Software Inc took approximately 23.01 days, on average, to pay its suppliers. This represents a notable increase from the previous year, where the company took 16.69 days to settle payables.

The increase in the number of days of payables could suggest a change in the company's payment practices or potentially challenges in managing working capital efficiently. A longer payment period may provide short-term benefits by preserving cash flow, but it could strain relationships with suppliers if not managed effectively.

It is important for stakeholders to monitor this ratio closely, as a substantial increase in the number of days of payables could indicate potential liquidity concerns or operational inefficiencies within the company's supply chain management. This metric should be analyzed in conjunction with other financial ratios and operational performance indicators to gain a comprehensive understanding of Take-Two Interactive Software Inc's financial health and overall business outlook.