Stock Analysis on Net
Stock Analysis on Net

PayPal Holdings Inc. (NASDAQ:PYPL)

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel LibreOffice Calc

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Short-term Activity Ratios (Summary)

PayPal Holdings Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Turnover Ratios
Receivables turnover 30.38 31.71 33.38 34.41 33.93 37.18 42.11 43.09 44.33 40.86 40.86 43.12 38.86 49.36 36.33 51.33 53.50 46.27 — — —
Payables turnover 100.74 68.27 68.92 47.30 61.73 45.45 69.07 42.06 47.17 42.18 48.44 44.86 38.13 29.40 30.93 37.01 38.03 26.44 — — —
Working capital turnover 3.07 2.66 1.98 1.99 1.89 1.71 1.51 1.50 1.70 1.54 1.49 2.48 2.54 2.19 2.04 1.55 1.53 1.34 — — —
Average No. Days
Average receivable collection period 12 12 11 11 11 10 9 8 8 9 9 8 9 7 10 7 7 8 — — —
Average payables payment period 4 5 5 8 6 8 5 9 8 9 8 8 10 12 12 10 10 14 — — —

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. PayPal Holdings Inc. receivables turnover ratio deteriorated from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. PayPal Holdings Inc. payables turnover ratio decreased from Q3 2021 to Q4 2021 but then increased from Q4 2021 to Q1 2022 exceeding Q3 2021 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. PayPal Holdings Inc. working capital turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.

Receivables Turnover

PayPal Holdings Inc., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Net revenues 6,483  6,918  6,182  6,238  6,033  6,116  5,459  5,261  4,618  4,961  4,378  4,305  4,128  4,226  3,683  3,857  3,685  3,744  3,239  3,136  2,975 
Accounts receivable, net 850  800  736  693  674  577  482  446  412  435  417  379  409  313  412  283  258  283  301  176  178 
Short-term Activity Ratio
Receivables turnover1 30.38 31.71 33.38 34.41 33.93 37.18 42.11 43.09 44.33 40.86 40.86 43.12 38.86 49.36 36.33 51.33 53.50 46.27 — — —
Benchmarks
Receivables Turnover, Competitors2
Adobe Inc. 9.58 8.41 9.77 9.74 9.00 9.20 9.44 8.82 8.40 7.28 7.76 7.94 7.12 6.86 8.21 7.56 7.24 5.99 6.86 7.24 7.23
Automatic Data Processing Inc. 5.55 5.50 5.30 5.81 5.85 5.98 5.61 5.61 5.76 5.81 5.63 5.25 6.12 6.72 6.40 6.25 7.01 7.27 6.74 6.55 7.32
Fidelity National Information Services Inc. 10.24 11.40 17.77 18.12 18.06 18.96 16.25 14.63 14.75 15.97 12.13 29.13 24.32 29.98 22.24 31.18 25.82 31.35 — — —
International Business Machines Corp. 9.79 8.49 10.58 10.23 10.72 10.32 12.30 11.54 11.05 9.80 11.42 10.50 11.26 10.71 11.37 10.85 10.29 8.86 — — —
Intuit Inc. 25.10 24.64 16.04 16.60 79.16 51.54 31.31 11.82 66.66 77.98 25.87 11.61 79.14 60.86 18.83 10.21 45.56 50.26 20.77 9.31 39.33
Mastercard Inc. 18.07 14.32 20.66 17.76 9.21 8.97 11.34 9.10 14.61 5.64 5.98 10.14 10.70 6.10 10.83 9.11 8.72 9.09 — — —
Microsoft Corp. 6.44 4.42 6.08 5.61 6.44 4.47 6.11 5.71 6.80 4.26 6.34 6.02 6.61 4.17 6.02 5.36 6.46 4.54 6.77 5.97 7.67
Oracle Corp. 9.11 7.48 8.56 8.91 8.57 7.04 9.55 9.77 10.35 7.69 9.92 10.01 10.68 7.55 10.12 10.24 10.67 7.12 10.06 10.09 10.92
salesforce.com inc. 7.04 2.73 6.12 5.63 5.93 2.77 6.16 6.32 6.51 2.70 6.15 5.97 6.30 2.68 6.53 5.98 6.16 2.63 — — —
ServiceNow Inc. 7.59 4.24 7.13 6.62 7.49 4.48 6.69 6.26 6.04 4.14 5.98 5.98 6.65 4.54 5.74 6.16 5.67 4.44 — — —
Visa Inc. 14.25 13.71 13.62 14.89 13.46 17.28 10.84 16.68 7.19 7.54 13.19 13.77 6.81 13.03 12.40 7.74 11.59 12.91 12.52 5.02 11.99

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Receivables turnover = (Net revenuesQ1 2022 + Net revenuesQ4 2021 + Net revenuesQ3 2021 + Net revenuesQ2 2021) ÷ Accounts receivable, net
= (6,483 + 6,918 + 6,182 + 6,238) ÷ 850 = 30.38

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. PayPal Holdings Inc. receivables turnover ratio deteriorated from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Payables Turnover

PayPal Holdings Inc., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Cost of revenues 3,720  3,834  3,336  3,214  3,066  3,203  2,815  2,706  2,729  2,732  2,431  2,344  2,278  2,295  2,011  2,034  1,922  1,672  1,811  1,707  1,604 
Accounts payable 140  197  186  260  191  252  159  252  217  232  193  199  226  281  247  201  187  257  974  171  164 
Short-term Activity Ratio
Payables turnover1 100.74 68.27 68.92 47.30 61.73 45.45 69.07 42.06 47.17 42.18 48.44 44.86 38.13 29.40 30.93 37.01 38.03 26.44 — — —
Benchmarks
Payables Turnover, Competitors2
Accenture PLC 16.45 15.03 16.92 17.94 20.16 22.48 21.75 20.11 19.17 18.16 19.00 20.14 21.74 21.62 20.52 20.05 20.09 16.87 19.59 20.71 21.40
Adobe Inc. 6.54 5.98 5.40 5.60 6.76 5.63 7.62 6.00 6.52 7.98 8.45 8.63 9.18 6.42 7.60 9.16 7.87 8.90 10.59 11.50 4.48
Automatic Data Processing Inc. 113.48 61.24 75.77 74.30 75.85 82.80 72.72 62.24 75.28 64.44 51.30 52.77 60.07 57.92 73.21 55.35 65.65 48.56 56.29 51.11 58.89
Fidelity National Information Services Inc. 1.68 1.64 1.60 1.75 1.77 1.69 1.85 1.89 2.13 1.56 1.25 6.98 5.85 5.73 6.16 7.31 6.54 6.51 — — —
International Business Machines Corp. 7.69 6.54 8.28 8.28 8.35 7.75 9.76 8.36 9.63 8.30 10.16 8.75 7.35 6.50 8.04 7.91 7.56 6.65 — — —
Intuit Inc. 3.47 2.70 2.56 2.82 5.25 4.52 3.48 2.78 4.45 4.26 2.92 2.67 4.92 5.49 2.86 2.51 3.74 5.15 2.96 3.01 4.66
Mastercard Inc. 36.37 20.68 35.86 29.24 11.91 10.37 13.81 10.63 14.80 6.22 7.54 11.81 12.83 6.83 12.52 11.33 10.42 9.31 — — —
Microsoft Corp. 3.70 3.44 3.77 3.80 3.73 3.68 4.78 4.92 5.06 4.57 5.60 5.47 4.70 4.45 4.86 4.57 5.05 4.64 5.43 5.08 5.31
Oracle Corp. 10.79 10.54 9.49 10.71 14.72 12.46 15.07 15.07 16.46 13.78 13.45 13.86 15.37 15.28 13.11 14.07 12.86 12.47 15.39 11.95 13.44
ServiceNow Inc. 8.57 15.20 19.64 11.82 9.75 28.83 17.87 10.13 11.28 15.04 12.17 10.81 17.21 20.26 13.62 18.21 13.97 15.56 — — —
Visa Inc. 9.18 9.87 9.53 10.68 10.49 12.58 8.40 12.78 5.50 5.76 9.20 10.42 5.46 9.51 8.67 6.34 8.15 9.17 8.56 5.85 7.76

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Payables turnover = (Cost of revenuesQ1 2022 + Cost of revenuesQ4 2021 + Cost of revenuesQ3 2021 + Cost of revenuesQ2 2021) ÷ Accounts payable
= (3,720 + 3,834 + 3,336 + 3,214) ÷ 140 = 100.74

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. PayPal Holdings Inc. payables turnover ratio decreased from Q3 2021 to Q4 2021 but then increased from Q4 2021 to Q1 2022 exceeding Q3 2021 level.

Working Capital Turnover

PayPal Holdings Inc., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Current assets 52,382  52,574  54,130  53,231  53,432  50,995  48,704  46,500  38,184  38,495  37,748  36,435  34,891  32,963  33,990  34,184  34,742  32,645  29,437  27,035  25,425 
Less: Current liabilities 43,967  43,029  41,695  41,268  41,340  38,447  35,246  33,729  27,449  26,919  26,340  29,847  28,635  25,904  26,640  24,809  25,714  22,863  20,703  18,641  17,286 
Working capital 8,415  9,545  12,435  11,963  12,092  12,548  13,458  12,771  10,735  11,576  11,408  6,588  6,256  7,059  7,350  9,375  9,028  9,782  8,734  8,394  8,139 
 
Net revenues 6,483  6,918  6,182  6,238  6,033  6,116  5,459  5,261  4,618  4,961  4,378  4,305  4,128  4,226  3,683  3,857  3,685  3,744  3,239  3,136  2,975 
Short-term Activity Ratio
Working capital turnover1 3.07 2.66 1.98 1.99 1.89 1.71 1.51 1.50 1.70 1.54 1.49 2.48 2.54 2.19 2.04 1.55 1.53 1.34 — — —
Benchmarks
Working Capital Turnover, Competitors2
Accenture PLC 15.85 12.77 7.71 8.35 7.70 8.71 10.32 10.56 9.98 9.85 11.92 11.77 12.53 12.12 14.59 13.41 15.49 16.17 17.59 14.81 16.07
Adobe Inc. 57.86 9.09 6.22 7.44 8.67 4.89 5.51 8.11 9.50 — — — — 16.24 3.42 2.02 1.95 1.96 2.05 2.17 2.20
Automatic Data Processing Inc. 6.46 5.67 6.85 5.87 5.86 10.15 14.20 17.22 46.64 8.27 7.96 9.99 14.77 8.14 6.63 6.09 4.62 4.35 3.94 4.23 3.49
Fidelity National Information Services Inc. — — — — — — — — 27.03 — — 1.01 93.49 13.85 9.49 9.06 — — — — —
International Business Machines Corp. — — — — — — 40.51 49.97 — 107.30 25.25 2.21 5.69 7.29 7.03 7.11 5.98 6.40 — — —
Intuit Inc. 4.39 3.85 3.40 5.45 1.74 1.73 3.19 4.80 4.93 4.17 3.46 10.00 9.43 20.71 40.97 — — — — — —
Mastercard Inc. 4.94 4.99 4.66 4.40 3.13 2.11 1.83 1.72 2.02 3.38 3.94 3.36 3.68 3.27 2.70 2.88 2.32 2.50 — — —
Microsoft Corp. 1.88 1.76 1.71 1.44 1.37 1.30 1.24 1.25 1.20 1.19 1.15 1.11 1.06 0.99 0.94 0.90 0.86 0.94 0.93 1.16 0.86
Oracle Corp. 1.70 1.29 1.69 1.58 1.26 1.12 2.25 1.98 1.68 1.42 1.34 1.09 0.84 0.70 0.66 0.62 0.72 0.75 0.75 0.77 0.63
salesforce.com inc. 4.36 5.11 7.48 10.29 9.75 15.29 28.71 — — — — — 4.92 — — — — — — — —
ServiceNow Inc. 10.61 21.76 11.15 16.31 5.62 5.76 3.73 8.10 43.84 46.69 30.81 13.86 10.15 7.86 5.16 4.40 5.37 6.24 — — —
Visa Inc. 3.47 2.03 1.62 1.50 1.55 1.66 2.57 6.02 4.96 3.04 2.98 3.05 3.16 2.98 2.65 2.15 2.10 2.03 2.86 3.18 3.67

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Working capital turnover = (Net revenuesQ1 2022 + Net revenuesQ4 2021 + Net revenuesQ3 2021 + Net revenuesQ2 2021) ÷ Working capital
= (6,483 + 6,918 + 6,182 + 6,238) ÷ 8,415 = 3.07

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. PayPal Holdings Inc. working capital turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Average Receivable Collection Period

PayPal Holdings Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data
Receivables turnover 30.38 31.71 33.38 34.41 33.93 37.18 42.11 43.09 44.33 40.86 40.86 43.12 38.86 49.36 36.33 51.33 53.50 46.27 — — —
Short-term Activity Ratio (no. days)
Average receivable collection period1 12 12 11 11 11 10 9 8 8 9 9 8 9 7 10 7 7 8 — — —
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Adobe Inc. 38 43 37 37 41 40 39 41 43 50 47 46 51 53 44 48 50 61 53 50 50
Automatic Data Processing Inc. 66 66 69 63 62 61 65 65 63 63 65 70 60 54 57 58 52 50 54 56 50
Fidelity National Information Services Inc. 36 32 21 20 20 19 22 25 25 23 30 13 15 12 16 12 14 12 — — —
International Business Machines Corp. 37 43 35 36 34 35 30 32 33 37 32 35 32 34 32 34 35 41 — — —
Intuit Inc. 15 15 23 22 5 7 12 31 5 5 14 31 5 6 19 36 8 7 18 39 9
Mastercard Inc. 20 25 18 21 40 41 32 40 25 65 61 36 34 60 34 40 42 40 — — —
Microsoft Corp. 57 83 60 65 57 82 60 64 54 86 58 61 55 88 61 68 57 80 54 61 48
Oracle Corp. 40 49 43 41 43 52 38 37 35 47 37 36 34 48 36 36 34 51 36 36 33
salesforce.com inc. 52 134 60 65 62 132 59 58 56 135 59 61 58 136 56 61 59 139 — — —
ServiceNow Inc. 48 86 51 55 49 82 55 58 60 88 61 61 55 80 64 59 64 82 — — —
Visa Inc. 26 27 27 25 27 21 34 22 51 48 28 27 54 28 29 47 31 28 29 73 30

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 30.38 = 12

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Average Payables Payment Period

PayPal Holdings Inc., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data
Payables turnover 100.74 68.27 68.92 47.30 61.73 45.45 69.07 42.06 47.17 42.18 48.44 44.86 38.13 29.40 30.93 37.01 38.03 26.44 — — —
Short-term Activity Ratio (no. days)
Average payables payment period1 4 5 5 8 6 8 5 9 8 9 8 8 10 12 12 10 10 14 — — —
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Accenture PLC 22 24 22 20 18 16 17 18 19 20 19 18 17 17 18 18 18 22 19 18 17
Adobe Inc. 56 61 68 65 54 65 48 61 56 46 43 42 40 57 48 40 46 41 34 32 81
Automatic Data Processing Inc. 3 6 5 5 5 4 5 6 5 6 7 7 6 6 5 7 6 8 6 7 6
Fidelity National Information Services Inc. 217 223 228 209 206 216 197 193 171 233 291 52 62 64 59 50 56 56 — — —
International Business Machines Corp. 47 56 44 44 44 47 37 44 38 44 36 42 50 56 45 46 48 55 — — —
Intuit Inc. 105 135 142 129 70 81 105 131 82 86 125 137 74 66 128 145 98 71 123 121 78
Mastercard Inc. 10 18 10 12 31 35 26 34 25 59 48 31 28 53 29 32 35 39 — — —
Microsoft Corp. 99 106 97 96 98 99 76 74 72 80 65 67 78 82 75 80 72 79 67 72 69
Oracle Corp. 34 35 38 34 25 29 24 24 22 26 27 26 24 24 28 26 28 29 24 31 27
ServiceNow Inc. 43 24 19 31 37 13 20 36 32 24 30 34 21 18 27 20 26 23 — — —
Visa Inc. 40 37 38 34 35 29 43 29 66 63 40 35 67 38 42 58 45 40 43 62 47

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 100.74 = 4

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.