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.