Take-Two Interactive Software Inc (TTWO)
Payables turnover
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 2,571,400 | 2,330,000 | 2,469,700 | 2,728,300 | 2,788,900 | 3,474,100 | 3,426,400 | 3,256,500 | 3,064,500 | 2,240,125 | 1,898,604 | 1,641,386 | 1,535,401 | 1,416,423 | 1,412,288 | 1,388,111 | 1,535,085 | 1,651,078 | 1,741,927 | 1,777,670 |
Payables | US$ in thousands | 194,700 | 144,800 | 177,100 | 170,300 | 195,900 | 151,800 | 131,800 | 127,500 | 140,100 | 151,600 | 162,800 | 199,900 | 125,882 | 100,720 | 83,401 | 67,136 | 71,001 | 100,159 | 85,103 | 56,410 |
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 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,571,400K ÷ $194,700K
= 13.21
The payables turnover ratio of Take-Two Interactive Software Inc has experienced fluctuations over the time period analyzed.
The payables turnover ratio measures how efficiently a company is managing its accounts payable by indicating how many times during a period the company pays off its average accounts payable balance. A higher ratio is generally preferable as it suggests that the company is paying its suppliers more quickly.
In June 2020, the company had a payables turnover ratio of 31.51, indicating that it paid off its accounts payable balance approximately 31.51 times during that period. However, the ratio decreased gradually to 8.21 by June 2022, before starting to increase again.
By March 2025, the payables turnover ratio had improved to 13.21. This suggests that Take-Two Interactive Software Inc had been paying its suppliers more frequently compared to the previous years, which could indicate improved efficiency in managing its payables.
Overall, analyzing the trend of the payables turnover ratio can provide insights into the company's liquidity, cash flow management, and relationships with suppliers.
Peer comparison
Mar 31, 2025