Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
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)
Accenture PLC, short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-05-31), 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30).
The analysis of short-term operating activity ratios reveals a period of general stability in payment cycles, contrasted by significant volatility in working capital efficiency. While the management of payables has remained relatively consistent, there was a notable disruption in working capital turnover during the 2024 period before returning to historical norms.
- Payables Turnover
- A general downward trend is observed in the payables turnover ratio, which decreased from a peak of 20.16 in November 2020 to 15.64 by May 2026. This decline suggests a slower rate of clearing accounts payable over the analyzed period. Despite this overall trend, the ratio experienced periodic fluctuations, including a temporary recovery toward 19.54 in late 2023 before resuming a downward trajectory.
- Working Capital Turnover
- The working capital turnover ratio exhibits extreme volatility. After maintaining a range between 7.70 and 15.85 from 2020 through 2023, the ratio surged dramatically, reaching a peak of 34.49 in August 2024. This spike indicates a period of exceptionally high asset utilization relative to working capital. However, this efficiency was short-lived, as the ratio corrected sharply in November 2024 to 8.28 and has since stabilized between 8.0 and 10.23 through May 2026.
- Average Payables Payment Period
- The average payment period has remained remarkably stable, though a slight extension in the duration of payments is evident. The period began at 18 days in November 2020 and gradually shifted toward a higher baseline, concluding at 23 days in May 2026. This gradual increase aligns with the observed decline in payables turnover, indicating that the company has slightly extended its payment terms with suppliers over the long term.
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Turnover Ratios
Average No. Days
Payables Turnover
Accenture PLC, payables turnover calculation (quarterly data)
| May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Cost of services | 12,583,809) | 12,584,705) | 12,545,007) | 11,985,326) | 11,901,221) | 11,684,313) | 11,866,716) | 11,068,363) | 10,968,377) | 10,921,045) | 10,776,362) | 10,803,571) | 11,035,515) | 10,979,392) | 10,561,660) | 10,477,599) | 10,844,069) | 10,522,734) | 10,048,364) | 8,953,068) | 8,859,411) | 8,492,893) | 7,863,889) | |||||||
| Accounts payable | 3,176,740) | 3,116,735) | 2,971,647) | 2,695,589) | 2,678,917) | 2,614,866) | 2,579,165) | 2,743,807) | 2,251,330) | 2,228,446) | 2,574,700) | 2,491,173) | 2,388,474) | 2,470,896) | 2,417,777) | 2,559,485) | 2,384,352) | 2,229,221) | 2,210,163) | 2,274,057) | 1,926,910) | 1,740,395) | 1,513,442) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Payables turnover1 | 15.64 | 15.73 | 16.19 | 17.60 | 17.37 | 17.43 | 17.38 | 15.94 | 19.31 | 19.54 | 16.93 | 17.41 | 18.03 | 17.35 | 17.54 | 16.37 | 16.93 | 17.22 | 16.45 | 15.03 | 16.92 | 17.94 | 20.16 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Adobe Inc. | — | 5.35 | 6.19 | 6.12 | 7.47 | 6.75 | 7.33 | 6.53 | 7.47 | 6.73 | 7.92 | 7.50 | 7.29 | 6.51 | 7.21 | 5.71 | 6.66 | 5.53 | 6.54 | 5.98 | 5.40 | 5.60 | 6.76 | |||||||
| AppLovin Corp. | — | — | 1.03 | 0.89 | 1.55 | 1.62 | 1.72 | 2.07 | 2.62 | 2.88 | 2.80 | 2.85 | 4.11 | 4.57 | 4.37 | 4.60 | 4.40 | 3.90 | 2.83 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 8.97 | 9.35 | 64.27 | 7.58 | 11.69 | 41.11 | 38.10 | 26.82 | 12.69 | 18.50 | 38.08 | 13.25 | 6.03 | 8.95 | 39.15 | 8.05 | 47.07 | 15.13 | 75.30 | — | — | — | — | |||||||
| Datadog Inc. | — | — | 4.23 | 4.62 | 4.76 | 3.05 | 5.72 | 4.79 | 5.18 | 3.81 | 6.53 | 4.67 | 4.71 | 8.16 | 8.95 | 14.77 | 11.48 | 6.02 | 14.07 | — | — | — | — | |||||||
| International Business Machines Corp. | — | — | 7.10 | 5.94 | 7.14 | 6.84 | 7.53 | 6.75 | 8.31 | 7.54 | 7.67 | 6.67 | 8.23 | 7.36 | 7.44 | 6.87 | 7.35 | 7.40 | 7.69 | — | — | — | — | |||||||
| Intuit Inc. | 3.83 | 4.24 | 5.83 | 4.86 | 3.73 | 3.48 | 5.41 | 4.81 | 3.83 | 4.19 | 5.12 | 4.93 | 3.29 | 3.54 | 3.98 | 3.26 | 2.52 | 2.31 | 3.47 | 2.70 | 2.56 | 2.82 | 5.25 | |||||||
| Microsoft Corp. | 2.69 | 2.57 | 2.82 | 3.17 | 3.18 | 3.54 | 3.42 | 3.37 | 3.94 | 3.89 | 3.46 | 3.64 | 4.28 | 4.23 | 3.88 | 3.30 | 3.74 | 3.76 | 3.70 | 3.44 | 3.77 | 3.80 | 3.73 | |||||||
| Oracle Corp. | 2.23 | 1.89 | 2.18 | 3.31 | 6.65 | 5.89 | 7.00 | 6.42 | 9.02 | 13.12 | 13.67 | 11.27 | 7.60 | 6.68 | 6.72 | 6.74 | 7.65 | 8.03 | 10.79 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 10.16 | 10.00 | 11.37 | 10.56 | 9.99 | 15.01 | 10.12 | 17.71 | 18.29 | 10.93 | 14.57 | 14.43 | 20.69 | 14.50 | 14.30 | 13.43 | 14.68 | 12.25 | 14.46 | 22.41 | 16.80 | 25.37 | 21.85 | |||||||
| ServiceNow Inc. | — | — | 7.66 | 14.62 | 19.04 | 12.27 | 7.83 | 33.63 | 13.16 | 7.04 | 8.98 | 15.25 | 26.38 | 10.08 | 7.20 | 5.74 | 7.86 | 5.60 | 8.57 | — | — | — | — | |||||||
| Workday Inc. | 21.83 | 21.88 | 23.01 | 19.16 | 26.89 | 21.90 | 24.24 | 22.71 | 22.24 | 19.76 | 15.27 | 11.16 | 21.79 | 25.95 | 12.14 | 25.74 | 28.20 | 24.24 | 25.48 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2026-05-31), 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30).
1 Q3 2026 Calculation
Payables turnover
= (Cost of servicesQ3 2026
+ Cost of servicesQ2 2026
+ Cost of servicesQ1 2026
+ Cost of servicesQ4 2025)
÷ Accounts payable
= (12,583,809 + 12,584,705 + 12,545,007 + 11,985,326)
÷ 3,176,740 = 15.64
2 Click competitor name to see calculations.
Analysis of the operating activity shows a sustained increase in both cost of services and accounts payable over the observed period. While cost of services grew from approximately 7.86 billion USD in November 2020 to 12.58 billion USD by May 2026, accounts payable grew at a faster proportional rate, rising from 1.51 billion USD to 3.18 billion USD.
- Payables Turnover Trends
- The payables turnover ratio exhibited notable volatility, beginning at a peak of 20.16 in November 2020 before declining to 15.03 by August 2021. Following this initial decrease, the ratio entered a period of relative stability between November 2021 and November 2023, generally fluctuating within a range of 16.37 to 18.03.
- Recent Ratio Volatility
- A significant upward spike in the turnover ratio occurred between November 2023 (19.54) and February 2024 (19.31), indicating a temporary acceleration in the rate at which obligations to suppliers were settled. However, this trend reversed in the subsequent quarters, with the ratio gradually descending to 15.64 by May 2026.
- Operational Implications
- The overall decline in the turnover ratio from the beginning of the period to the end suggests a strategic shift toward extending the payment cycle or securing more favorable credit terms from vendors. The observation that accounts payable growth outpaced the growth in the cost of services indicates an increased utilization of supplier financing to support expanding operational scale.
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Working Capital Turnover
Accenture PLC, working capital turnover calculation (quarterly data)
| May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Current assets | 28,938,345) | 28,007,338) | 28,066,694) | 28,900,689) | 27,416,505) | 25,307,652) | 25,198,337) | 20,857,781) | 21,075,418) | 20,328,821) | 23,055,576) | 23,381,931) | 23,380,073) | 21,060,958) | 20,672,460) | 21,610,871) | 21,007,740) | 19,185,130) | 18,621,652) | 19,666,511) | 21,144,858) | 19,560,720) | 18,626,094) | |||||||
| Less: Current liabilities | 21,609,107) | 20,957,440) | 19,896,521) | 20,352,097) | 18,768,835) | 17,130,355) | 17,186,968) | 18,976,127) | 18,207,753) | 16,136,014) | 17,280,238) | 18,009,038) | 17,092,528) | 16,349,522) | 16,460,246) | 17,523,496) | 16,562,592) | 15,540,122) | 15,232,007) | 15,708,867) | 14,929,559) | 14,090,668) | 12,819,099) | |||||||
| Working capital | 7,329,238) | 7,049,898) | 8,170,173) | 8,548,592) | 8,647,670) | 8,177,297) | 8,011,369) | 1,881,654) | 2,867,665) | 4,192,807) | 5,775,338) | 5,372,893) | 6,287,545) | 4,711,436) | 4,212,214) | 4,087,375) | 4,445,148) | 3,645,008) | 3,389,645) | 3,957,644) | 6,215,299) | 5,470,052) | 5,806,995) | |||||||
| Revenues | 18,718,144) | 18,044,066) | 18,742,125) | 17,596,260) | 17,727,871) | 16,659,301) | 17,689,545) | 16,405,819) | 16,466,828) | 15,799,514) | 16,224,303) | 15,985,200) | 16,564,585) | 15,814,158) | 15,747,802) | 15,423,656) | 16,158,803) | 15,046,693) | 14,965,153) | 13,419,284) | 13,263,795) | 12,088,125) | 11,762,185) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Working capital turnover1 | 9.97 | 10.23 | 8.66 | 8.15 | 7.92 | 8.22 | 8.28 | 34.49 | 22.48 | 15.40 | 11.18 | 11.93 | 10.11 | 13.40 | 14.81 | 15.07 | 13.41 | 15.55 | 15.85 | 12.77 | 7.71 | 8.35 | 7.70 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Adobe Inc. | — | — | — | — | 133.99 | — | 13.02 | 30.25 | 19.54 | 13.19 | 42.33 | 6.85 | 9.10 | 14.68 | 19.89 | 20.28 | 16.36 | 31.92 | 57.86 | 9.09 | 6.22 | 7.44 | 8.67 | |||||||
| AppLovin Corp. | — | — | 1.84 | 1.77 | 2.15 | 2.63 | 5.02 | 3.75 | 3.91 | 4.25 | 4.29 | 4.89 | 6.12 | 2.61 | 2.03 | 2.07 | 2.27 | 2.49 | 1.86 | — | — | — | — | |||||||
| Cadence Design Systems Inc. | — | — | 5.43 | 1.75 | 1.81 | 1.87 | 1.81 | 1.75 | 1.80 | 6.28 | 8.78 | 10.61 | 7.00 | 8.51 | 7.12 | 9.92 | 8.31 | 5.34 | 4.07 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 1.56 | 1.42 | 1.48 | 1.49 | 1.45 | 1.43 | 1.52 | 1.48 | 1.65 | 1.45 | 1.50 | 1.46 | 1.47 | 1.38 | 1.32 | 1.25 | 1.15 | 1.02 | 0.95 | — | — | — | — | |||||||
| Datadog Inc. | — | — | 0.93 | 0.90 | 0.91 | 0.92 | 0.88 | 0.88 | 1.26 | 1.33 | 0.96 | 0.98 | 1.02 | 1.03 | 1.06 | 1.06 | 1.02 | 0.95 | 0.85 | — | — | — | — | |||||||
| International Business Machines Corp. | — | — | — | — | — | — | 273.18 | 46.83 | 37.03 | 17.08 | 14.55 | — | — | 31.12 | 12.14 | — | — | — | — | — | — | — | — | |||||||
| Intuit Inc. | 3.76 | 7.04 | 6.70 | 5.04 | 4.22 | 8.78 | 7.87 | 7.45 | 5.15 | 13.92 | 11.94 | 8.13 | 6.30 | 15.31 | 10.83 | 8.98 | 5.68 | 21.87 | 4.39 | 3.85 | 3.40 | 5.45 | 1.74 | |||||||
| Microsoft Corp. | 8.23 | 6.09 | 5.43 | 5.64 | 6.36 | 6.85 | 7.32 | 7.12 | 8.26 | 8.63 | 2.64 | 2.65 | 2.65 | 2.68 | 2.77 | 2.66 | 2.52 | 1.91 | 1.88 | 1.76 | 1.71 | 1.44 | 1.37 | |||||||
| Oracle Corp. | 4.53 | — | — | — | 113.15 | — | — | — | — | — | — | — | — | — | — | 3.50 | 3.86 | 3.39 | 1.70 | — | — | — | — | |||||||
| Palantir Technologies Inc. | — | — | 0.64 | 0.62 | 0.61 | 0.59 | 0.59 | 0.58 | 0.60 | 0.62 | 0.63 | 0.66 | 0.68 | 0.71 | 0.75 | 0.78 | 0.81 | 0.78 | 0.73 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | 27.48 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 3.52 | — | 2.15 | |||||||
| Salesforce Inc. | — | 14.11 | 23.11 | 21.69 | 18.14 | 42.35 | 14.56 | 14.27 | 42.02 | 99.31 | 90.67 | 62.21 | 30.85 | 25.15 | 54.57 | 24.95 | 27.10 | — | 4.36 | — | — | — | — | |||||||
| ServiceNow Inc. | — | — | — | 474.21 | 25.49 | 15.46 | 11.33 | 13.25 | 11.50 | 11.73 | 27.96 | 21.77 | 19.04 | 9.59 | 7.83 | 11.16 | 6.63 | 11.21 | 10.61 | — | — | — | — | |||||||
| Synopsys Inc. | — | 5.27 | 5.60 | 3.08 | 2.99 | 0.43 | 1.53 | 1.60 | 2.35 | 2.82 | 7.85 | 13.12 | 10.27 | 12.83 | 17.05 | 21.34 | 14.02 | 7.78 | 9.47 | 10.65 | 9.50 | 9.18 | 16.88 | |||||||
| Workday Inc. | 2.22 | 1.64 | 1.69 | 1.69 | 1.75 | 1.68 | 1.70 | 1.49 | 1.54 | 1.60 | 1.69 | 1.79 | 1.83 | 1.93 | 2.03 | 35.15 | 11.69 | 24.99 | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2026-05-31), 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30).
1 Q3 2026 Calculation
Working capital turnover
= (RevenuesQ3 2026
+ RevenuesQ2 2026
+ RevenuesQ1 2026
+ RevenuesQ4 2025)
÷ Working capital
= (18,718,144 + 18,044,066 + 18,742,125 + 17,596,260)
÷ 7,329,238 = 9.97
2 Click competitor name to see calculations.
The analysis of working capital turnover reveals a period of significant volatility punctuated by a long-term upward trend in total revenues. While revenue growth remained consistent, the efficiency of working capital utilization experienced three distinct phases: moderate stability, high-efficiency volatility, and a recent structural reset.
- Revenue Growth Trends
- Revenues exhibit a consistent growth trajectory, increasing from approximately 11.76 billion US dollars in November 2020 to 18.72 billion US dollars by May 2026. This steady expansion provides a stable baseline against which the fluctuations in working capital efficiency are measured.
- Working Capital Volatility and Efficiency
- Working capital levels showed substantial variance over the analyzed timeframe. A period of heightened efficiency was observed between August 2021 and February 2023, where the turnover ratio generally remained above 13.0, peaking at 15.85 in November 2021. This indicates a lean utilization of current assets relative to the revenue generated during this window.
- Anomalous Activity in 2024
- A significant anomaly occurred between February 2024 and August 2024. The turnover ratio surged to an extreme peak of 34.49 in August 2024. This spike was not driven by an extraordinary increase in revenue, but rather by a sharp contraction in working capital, which reached a period low of 1.88 billion US dollars. Such an extreme ratio suggests an aggressive reduction in the net investment in current assets relative to sales.
- Recent Stabilization and Structural Reset
- Starting in November 2024, a structural shift is evident as working capital increased sharply to over 8 billion US dollars. Consequently, the working capital turnover ratio corrected downward, stabilizing between 7.92 and 10.23 through May 2026. This return to lower turnover ratios suggests a strategic increase in the working capital base to support the expanded revenue scale, returning the operating profile to levels similar to those observed in late 2020.
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Average Payables Payment Period
Accenture PLC, average payables payment period calculation (quarterly data)
| May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Payables turnover | 15.64 | 15.73 | 16.19 | 17.60 | 17.37 | 17.43 | 17.38 | 15.94 | 19.31 | 19.54 | 16.93 | 17.41 | 18.03 | 17.35 | 17.54 | 16.37 | 16.93 | 17.22 | 16.45 | 15.03 | 16.92 | 17.94 | 20.16 | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average payables payment period1 | 23 | 23 | 23 | 21 | 21 | 21 | 21 | 23 | 19 | 19 | 22 | 21 | 20 | 21 | 21 | 22 | 22 | 21 | 22 | 24 | 22 | 20 | 18 | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||||
| Adobe Inc. | — | 68 | 59 | 60 | 49 | 54 | 50 | 56 | 49 | 54 | 46 | 49 | 50 | 56 | 51 | 64 | 55 | 66 | 56 | 61 | 68 | 65 | 54 | |||||||
| AppLovin Corp. | — | — | 355 | 410 | 235 | 225 | 212 | 176 | 139 | 127 | 130 | 128 | 89 | 80 | 84 | 79 | 83 | 94 | 129 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 41 | 39 | 6 | 48 | 31 | 9 | 10 | 14 | 29 | 20 | 10 | 28 | 61 | 41 | 9 | 45 | 8 | 24 | 5 | — | — | — | — | |||||||
| Datadog Inc. | — | — | 86 | 79 | 77 | 120 | 64 | 76 | 71 | 96 | 56 | 78 | 78 | 45 | 41 | 25 | 32 | 61 | 26 | — | — | — | — | |||||||
| International Business Machines Corp. | — | — | 51 | 61 | 51 | 53 | 48 | 54 | 44 | 48 | 48 | 55 | 44 | 50 | 49 | 53 | 50 | 49 | 47 | — | — | — | — | |||||||
| Intuit Inc. | 95 | 86 | 63 | 75 | 98 | 105 | 67 | 76 | 95 | 87 | 71 | 74 | 111 | 103 | 92 | 112 | 145 | 158 | 105 | 135 | 142 | 129 | 70 | |||||||
| Microsoft Corp. | 136 | 142 | 130 | 115 | 115 | 103 | 107 | 108 | 93 | 94 | 106 | 100 | 85 | 86 | 94 | 111 | 98 | 97 | 99 | 106 | 97 | 96 | 98 | |||||||
| Oracle Corp. | 164 | 193 | 167 | 110 | 55 | 62 | 52 | 57 | 40 | 28 | 27 | 32 | 48 | 55 | 54 | 54 | 48 | 45 | 34 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 36 | 36 | 32 | 35 | 37 | 24 | 36 | 21 | 20 | 33 | 25 | 25 | 18 | 25 | 26 | 27 | 25 | 30 | 25 | 16 | 22 | 14 | 17 | |||||||
| ServiceNow Inc. | — | — | 48 | 25 | 19 | 30 | 47 | 11 | 28 | 52 | 41 | 24 | 14 | 36 | 51 | 64 | 46 | 65 | 43 | — | — | — | — | |||||||
| Workday Inc. | 17 | 17 | 16 | 19 | 14 | 17 | 15 | 16 | 16 | 18 | 24 | 33 | 17 | 14 | 30 | 14 | 13 | 15 | 14 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2026-05-31), 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30).
1 Q3 2026 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 15.64 = 23
2 Click competitor name to see calculations.
The analysis of short-term operating activity indicates a relatively stable management of accounts payable, with the payment cycle fluctuating within a narrow range of 18 to 24 days over the observed period. This consistency suggests a disciplined approach to supplier obligations and a predictable cash outflow pattern regarding short-term liabilities.
- Payables Turnover Volatility
- The payables turnover ratio exhibits an inverse correlation with the payment period, as expected. An initial decline from 20.16 in November 2020 to a low of 15.03 in August 2021 corresponds with the longest payment duration in the series. Subsequent fluctuations between 15.64 and 19.54 indicate periodic adjustments in the speed at which obligations are settled, with a notable peak in efficiency occurring between November 2023 and February 2024.
- Average Payables Payment Period Trends
- A period of gradual expansion is observed from November 2020, where payments were settled in 18 days, peaking at 24 days by August 2021. Following this peak, the payment period entered a phase of stabilization, remaining largely consistent between 20 and 22 days from February 2022 through November 2023. A brief contraction occurred in late 2023 and early 2024, with the period dropping to 19 days, signaling a temporary acceleration in supplier payments.
- Recent Operational Shifts
- Since August 2024, a slight upward trend in the payment period has emerged, with the duration increasing to and stabilizing at 23 days through May 2026. This modest extension of the payment cycle coincides with a decrease in the payables turnover ratio to 15.64, suggesting a strategic shift toward slightly longer payment terms to optimize working capital management.
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