Take-Two Interactive Software Inc (TTWO)

Number of days of payables

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Payables turnover		13.21	16.09	13.95	16.02	14.24	22.89	26.00	25.54	21.87	14.78	11.66	8.21	12.20	14.06	16.93	20.68	21.62	16.48	20.47	31.51
Number of days of payables	days	27.64	22.68	26.17	22.78	25.64	15.95	14.04	14.29	16.69	24.70	31.30	44.45	29.93	25.95	21.55	17.65	16.88	22.14	17.83	11.58

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.21
= 27.64

The number of days of payables for Take-Two Interactive Software Inc has fluctuated over the last several years. It started at 11.58 days as of June 30, 2020, and increased steadily to reach a peak of 44.45 days as of June 30, 2022. Subsequently, there was a noticeable decline in the number of days of payables to 14.29 by June 30, 2023. The company managed to maintain a relatively low level of payables for the rest of the reported periods, with a slight increase observed by the end of March 2025, where it stood at 27.64 days.

This downward trend in the number of days of payables can signify that Take-Two Interactive Software Inc has been able to effectively manage its payments to suppliers and vendors. However, a sudden increase in the number of days of payables might also indicate a change in the company's payment policies or potential cash flow constraints. It would be essential for stakeholders to monitor this metric in conjunction with other financial ratios to assess the company's overall financial health and working capital management.