Take-Two Interactive Software Inc (TTWO)

Number of days of payables

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		15.86	22.40	25.83	25.37	21.87	21.99	18.38	13.68	20.88	16.17	22.40	30.52	33.56	24.66	29.83	46.01	35.63	26.66	23.18	42.73
Number of days of payables	days	23.01	16.29	14.13	14.39	16.69	16.60	19.86	26.68	17.48	22.58	16.30	11.96	10.87	14.80	12.24	7.93	10.24	13.69	15.74	8.54

March 31, 2024 calculation

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

The number of days of payables for Take-Two Interactive Software Inc has shown fluctuations over the past several quarters. As of March 31, 2024, the company takes approximately 23.01 days to pay its suppliers, which is higher compared to the previous quarter at 16.29 days. The trend indicates that the company's payables turnover has increased during this period.

Analyzing further, the number of days of payables has ranged between 7.93 and 26.68 days over the past two years, indicating varying levels of efficiency in managing trade credit. The lower number of days of payables suggests that the company is paying its suppliers more quickly, potentially signaling strong liquidity or a focus on maintaining good supplier relationships. Conversely, a higher number of days of payables may indicate a more aggressive approach to managing working capital.

It is crucial to assess the context in which changes in the number of days of payables occur, considering factors such as industry norms, company strategy, and economic conditions. Monitoring this metric over time can provide insights into the company's cash flow management and relationship with suppliers.