Stock Analysis on Net

Mastercard Inc. (NYSE:MA)

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

Microsoft Excel

Short-term Activity Ratios (Summary)

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

Microsoft Excel
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 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 19.63 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
Payables turnover 31.05 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
Working capital turnover 6.67 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
Average No. Days
Average receivable collection period 19 20 25 18 21 40 41 32 40 25 65 61 36 34 60 34 40 42 40
Average payables payment period 12 10 18 10 12 31 35 26 34 25 59 48 31 28 53 29 32 35 39

Based on: 10-Q (reporting date: 2022-06-30), 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. Mastercard Inc. receivables turnover ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Mastercard Inc. payables turnover ratio increased from Q4 2021 to Q1 2022 but then slightly decreased from Q1 2022 to Q2 2022.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Mastercard Inc. working capital turnover ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level.

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. Mastercard Inc. number of days of receivables outstanding improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.
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. Mastercard Inc. number of days of payables outstanding decreased from Q4 2021 to Q1 2022 but then slightly increased from Q1 2022 to Q2 2022.

Receivables Turnover

Mastercard Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
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 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 revenue 5,497  5,167  5,216  4,985  4,528  4,155  4,120  3,837  3,335  4,009  4,414  4,467  4,113  3,889  3,807  3,898  3,665  3,580  3,312  3,398  3,053  2,734 
Settlement assets 1,063  1,101  1,319  861  937  1,678  1,706  1,375  1,782  1,164  2,995  2,723  1,549  1,426  2,452  1,335  1,532  1,531  1,375  1,199  1,271  1,085 
Short-term Activity Ratio
Receivables turnover1 19.63 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
Benchmarks
Receivables Turnover, Competitors2
Adobe Inc. 10.51 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
International Business Machines Corp. 10.17 9.79 8.49 9.89 9.57 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. 12.84 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
Microsoft Corp. 5.52 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
Oracle Corp. 9.28 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
PayPal Holdings Inc. 30.44 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
Salesforce Inc. 5.78 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. 7.74 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. 16.51 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: 2022-06-30), 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 Q2 2022 Calculation
Receivables turnover = (Net revenueQ2 2022 + Net revenueQ1 2022 + Net revenueQ4 2021 + Net revenueQ3 2021) ÷ Settlement assets
= (5,497 + 5,167 + 5,216 + 4,985) ÷ 1,063 = 19.63

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. Mastercard Inc. receivables turnover ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Payables Turnover

Mastercard Inc., payables turnover calculation (quarterly data)

Microsoft Excel
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 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 revenue 5,497  5,167  5,216  4,985  4,528  4,155  4,120  3,837  3,335  4,009  4,414  4,467  4,113  3,889  3,807  3,898  3,665  3,580  3,312  3,398  3,053  2,734 
Settlement obligations 672  547  913  496  569  1,297  1,475  1,129  1,527  1,149  2,714  2,158  1,330  1,189  2,189  1,155  1,232  1,280  1,343  1,002  1,106  822 
Short-term Activity Ratio
Payables turnover1 31.05 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
Benchmarks
Payables Turnover, Competitors2
Accenture PLC 17.22 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. 5.53 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
International Business Machines Corp. 7.40 7.69 6.54 7.49 7.47 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. 2.31 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
Microsoft Corp. 3.76 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
Oracle Corp. 8.03 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
PayPal Holdings Inc. 169.16 184.44 128.79 132.09 91.72 119.73 85.13 127.67 76.26 84.16 76.60 88.27 82.12 70.33 54.99 60.60 72.26 73.82 50.95
ServiceNow Inc. 5.60 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. 11.18 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: 2022-06-30), 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 Q2 2022 Calculation
Payables turnover = (Net revenueQ2 2022 + Net revenueQ1 2022 + Net revenueQ4 2021 + Net revenueQ3 2021) ÷ Settlement obligations
= (5,497 + 5,167 + 5,216 + 4,985) ÷ 672 = 31.05

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. Mastercard Inc. payables turnover ratio increased from Q4 2021 to Q1 2022 but then slightly decreased from Q1 2022 to Q2 2022.

Working Capital Turnover

Mastercard Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
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 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 15,211  15,953  16,949  15,382  15,079  16,405  19,113  18,469  19,381  18,123  16,902  14,847  14,165  14,396  16,171  15,064  14,305  14,707  13,797  13,231  12,542  12,885 
Less: Current liabilities 12,085  11,928  13,162  11,561  11,297  11,475  11,847  9,958  9,923  9,712  11,904  10,714  9,497  10,246  11,593  9,709  9,455  8,948  8,793  7,984  7,583  7,095 
Working capital 3,126  4,025  3,787  3,821  3,782  4,930  7,266  8,511  9,458  8,411  4,998  4,133  4,668  4,150  4,578  5,355  4,850  5,759  5,004  5,247  4,959  5,790 
 
Net revenue 5,497  5,167  5,216  4,985  4,528  4,155  4,120  3,837  3,335  4,009  4,414  4,467  4,113  3,889  3,807  3,898  3,665  3,580  3,312  3,398  3,053  2,734 
Short-term Activity Ratio
Working capital turnover1 6.67 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
Benchmarks
Working Capital Turnover, Competitors2
Accenture PLC 15.55 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. 31.92 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
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. 21.87 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
Microsoft Corp. 1.91 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
Oracle Corp. 3.39 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
PayPal Holdings Inc. 2.60 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
Salesforce Inc. 4.36 5.11 7.48 10.29 9.75 15.29 28.71 4.92
ServiceNow Inc. 11.21 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. 5.00 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: 2022-06-30), 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 Q2 2022 Calculation
Working capital turnover = (Net revenueQ2 2022 + Net revenueQ1 2022 + Net revenueQ4 2021 + Net revenueQ3 2021) ÷ Working capital
= (5,497 + 5,167 + 5,216 + 4,985) ÷ 3,126 = 6.67

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. Mastercard Inc. working capital turnover ratio deteriorated from Q4 2021 to Q1 2022 but then improved from Q1 2022 to Q2 2022 exceeding Q4 2021 level.

Average Receivable Collection Period

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

Microsoft Excel
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 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 19.63 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
Short-term Activity Ratio (no. days)
Average receivable collection period1 19 20 25 18 21 40 41 32 40 25 65 61 36 34 60 34 40 42 40
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Adobe Inc. 35 38 43 37 37 41 40 39 41 43 50 47 46 51 53 44 48 50 61 53 50 50
International Business Machines Corp. 36 37 43 37 38 34 35 30 32 33 37 32 35 32 34 32 34 35 41
Intuit Inc. 28 15 15 23 22 5 7 12 31 5 5 14 31 5 6 19 36 8 7 18 39 9
Microsoft Corp. 66 57 83 60 65 57 82 60 64 54 86 58 61 55 88 61 68 57 80
Oracle Corp. 39 40 49 43 41 43 52 38 37 35 47 37 36 34 48 36 36 34 51
PayPal Holdings Inc. 12 12 12 11 11 11 10 9 8 8 9 9 8 9 7 10 7 7 8
Salesforce Inc. 63 52 134 60 65 62 132 59 58 56 135 59 61 58 136 56 61 59 139
ServiceNow Inc. 47 48 86 51 55 49 82 55 58 60 88 61 61 55 80 64 59 64 82
Visa Inc. 22 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: 2022-06-30), 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 Q2 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 19.63 = 19

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. Mastercard Inc. number of days of receivables outstanding improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022.

Average Payables Payment Period

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

Microsoft Excel
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 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 31.05 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
Short-term Activity Ratio (no. days)
Average payables payment period1 12 10 18 10 12 31 35 26 34 25 59 48 31 28 53 29 32 35 39
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Accenture PLC 21 22 24 22 20 18 16 17 18 19 20 19 18 17 17 18 18 18 22 19 18 17
Adobe Inc. 66 56 61 68 65 54 65 48 61 56 46 43 42 40 57 48 40 46 41 34 32 81
International Business Machines Corp. 49 47 56 49 49 44 47 37 44 38 44 36 42 50 56 45 46 48 55
Intuit Inc. 158 105 135 142 129 70 81 105 131 82 86 125 137 74 66 128 145 98 71 123 121 78
Microsoft Corp. 97 99 106 97 96 98 99 76 74 72 80 65 67 78 82 75 80 72 79
Oracle Corp. 45 34 35 38 34 25 29 24 24 22 26 27 26 24 24 28 26 28 29
PayPal Holdings Inc. 2 2 3 3 4 3 4 3 5 4 5 4 4 5 7 6 5 5 7
ServiceNow Inc. 65 43 24 19 31 37 13 20 36 32 24 30 34 21 18 27 20 26 23
Visa Inc. 33 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: 2022-06-30), 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 Q2 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 31.05 = 12

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. Mastercard Inc. number of days of payables outstanding decreased from Q4 2021 to Q1 2022 but then slightly increased from Q1 2022 to Q2 2022.