Take-Two Interactive Software Inc (TTWO)

Payables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cost of revenue	US$ in thousands	2,571,400	3,107,800	3,064,600	1,535,400	1,535,080
Payables	US$ in thousands	194,700	195,900	140,100	125,882	71,001
Payables turnover		13.21	15.86	21.87	12.20	21.62

March 31, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $2,571,400K ÷ $194,700K
= 13.21

Take-Two Interactive Software Inc's payables turnover ratio has exhibited fluctuations over the years. As of March 31, 2021, the payables turnover ratio stood at 21.62, indicating that the company was able to pay off its accounts payable obligations approximately 21.62 times during that period. The ratio decreased to 12.20 as of March 31, 2022, suggesting a decline in the speed at which the company was paying off its suppliers or vendors.

Subsequently, the payables turnover ratio improved to 21.87 as of March 31, 2023, indicating a better ability to manage its accounts payable. However, by March 31, 2024, the ratio decreased to 15.86, showing a slight decline in efficiency in managing payable obligations.

As of March 31, 2025, the payables turnover ratio data is unavailable (indicated as "—"), which may suggest incomplete information for that period. Overall, fluctuations in the payables turnover ratio may suggest changes in the company's liquidity position and its ability to efficiently manage its accounts payable over the years. Further analysis of the company's financial health and operational efficiency would be needed to provide a more comprehensive assessment.