Stock Analysis on Net
Stock Analysis on Net

Oracle Corp. (NYSE:ORCL)

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

Beginner level


Short-term Activity Ratios (Summary)

Oracle Corp., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014
Turnover Ratios
Receivables turnover 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 6.88 9.67 9.47 10.96 6.80
Payables turnover 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 14.84 18.52 18.45 18.25 9.34
Working capital turnover 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 0.79 0.82 0.84 0.81 0.80
Average No. Days
Average receivable collection period 43 52 38 37 35 47 37 36 34 48 36 36 34 51 36 36 33 53 38 39 33 54
Average payables payment period 25 29 24 24 22 26 27 26 24 24 28 26 28 29 24 31 27 25 20 20 20 39

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Oracle Corp.’s receivables turnover ratio deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 not reaching Q3 2020 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Oracle Corp.’s payables turnover ratio decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 not reaching Q3 2020 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Oracle Corp.’s working capital turnover ratio deteriorated from Q3 2020 to Q4 2020 but then slightly improved from Q4 2020 to Q1 2021.

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. Oracle Corp.’s number of days of receivables outstanding deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 not reaching Q3 2020 level.
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. Oracle Corp.’s number of days of payables outstanding increased from Q3 2020 to Q4 2020 but then slightly decreased from Q4 2020 to Q1 2021 not reaching Q3 2020 level.

Receivables Turnover

Oracle Corp., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014
Selected Financial Data (US$ in millions)
Revenues 9,367  10,440  9,796  9,614  9,218  11,137  9,614  9,562  9,193  11,252  9,771  9,621  9,187  10,893  9,205  9,035  8,595  10,594  9,012  8,993  8,448  10,705  9,327  9,598  8,596 
Trade receivables, net of allowances for doubtful accounts 4,576  5,551  4,162  4,050  3,820  5,134  3,993  3,975  3,729  5,279  3,902  3,798  3,591  5,300  3,721  3,690  3,407  5,385  3,844  3,956  3,475  5,618  4,178  4,326  3,551 
Short-term Activity Ratio
Receivables turnover1 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 6.88 9.67 9.47 10.96 6.80
Benchmarks
Receivables Turnover, Competitors2
Adobe Inc. 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 7.03 7.59 7.96 8.46 7.14 7.69 8.65 7.99
Alphabet Inc. 7.83 7.64 6.39 7.42 7.07 7.42 6.57 7.26 7.27 6.99 6.05 6.84 7.09 7.34 6.39 7.14 7.00 7.21 6.49
Autodesk Inc. 9.61 5.02 5.98 8.44 10.24 5.42 7.72 9.56 10.31 4.69 6.44 7.36 8.66 4.49 8.47 7.53 9.24 3.83 6.96 6.44 8.12 5.47
Facebook Inc. 10.04 10.06 7.43 8.67 8.33 9.10 7.36 8.57 8.68 8.72 6.97 8.25 8.51 8.87 6.92 8.04 7.91 8.42 7.01
International Business Machines Corp. 11.54 11.05 9.80 11.42 10.50 11.26 10.71 11.37 10.85 10.29 8.86 9.62 9.34 9.48 8.70 9.67 9.14 9.48 9.81
Intuit Inc. 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 43.46 21.66 8.72 34.62 46.07
Microsoft Corp. 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 4.67 7.09 6.07 7.93 5.23
salesforce.com inc. 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 6.17 5.65 5.93 2.67 5.94 5.59 6.11 2.82
ServiceNow Inc. 6.26 6.04 4.14 5.98 5.98 6.65 4.54 5.74 6.16 5.67 4.44 6.07 5.85 5.40 4.31 5.86 6.05 5.78 4.94

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

1 Q1 2021 Calculation
Receivables turnover = (RevenuesQ1 2021 + RevenuesQ4 2020 + RevenuesQ3 2020 + RevenuesQ2 2020) ÷ Trade receivables, net of allowances for doubtful accounts
= (9,367 + 10,440 + 9,796 + 9,614) ÷ 4,576 = 8.57

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. Oracle Corp.’s receivables turnover ratio deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 not reaching Q3 2020 level.

Payables Turnover

Oracle Corp., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014
Selected Financial Data (US$ in millions)
Cost of revenues 1,880  1,969  1,964  2,048  1,957  2,065  1,976  2,001  1,953  2,181  2,002  1,965  1,933  2,004  1,892  1,797  1,776  1,937  1,839  1,853  1,850  2,052  1,900  1,899  1,681 
Accounts payable 534  637  533  534  486  580  603  587  527  529  603  554  593  599  481  615  551  504  410  415  422  806  626  490  423 
Short-term Activity Ratio
Payables turnover1 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 14.84 18.52 18.45 18.25 9.34
Benchmarks
Payables Turnover, Competitors2
Adobe Inc. 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 9.31 9.64 10.49 10.82 7.98 10.08 11.86 8.93
Alphabet Inc. 18.73 18.26 12.93 16.61 16.69 16.74 13.60 14.75 15.66 13.97 14.53 15.70 15.89 16.17 17.22 15.02 18.07 17.67 14.59
Autodesk Inc. 3.80 3.88 3.00 3.35 3.08 2.81 3.18 3.49 2.82 3.20 3.36 3.41 3.51 3.66 3.44 3.29 3.46 3.09 3.49 3.97 3.82 3.40
Facebook Inc. 15.15 16.18 9.37 14.04 17.31 16.96 11.41 13.85 17.18 10.49 14.35 12.77 13.72 24.18 12.55 13.72 25.38 20.48 14.63
International Business Machines Corp. 8.36 9.63 8.30 10.16 8.75 7.35 6.50 8.04 7.91 7.56 6.65 7.74 8.19 7.89 6.70 7.85 7.48 7.72 6.81
Intuit Inc. 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 4.09 2.80 2.60 4.11 3.82
Microsoft Corp. 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 4.75 4.77 4.57 4.82 5.01
ServiceNow Inc. 10.13 11.28 15.04 12.17 10.81 17.21 20.26 13.62 18.21 13.97 15.56 22.67 18.22 12.50 10.47 12.82 8.85 8.75 8.82

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

1 Q1 2021 Calculation
Payables turnover = (Cost of revenuesQ1 2021 + Cost of revenuesQ4 2020 + Cost of revenuesQ3 2020 + Cost of revenuesQ2 2020) ÷ Accounts payable
= (1,880 + 1,969 + 1,964 + 2,048) ÷ 534 = 14.72

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. Oracle Corp.’s payables turnover ratio decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 not reaching Q3 2020 level.

Working Capital Turnover

Oracle Corp., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014
Selected Financial Data (US$ in millions)
Current assets 49,939  52,140  33,442  34,540  42,384  46,386  47,617  56,938  67,009  75,964  77,732  78,545  73,335  74,515  66,011  64,734  74,451  64,313  57,069  58,618  62,122  63,183  51,294  52,040  58,194 
Less: Current liabilities 18,748  17,200  15,740  14,592  18,875  18,630  17,986  20,315  19,562  19,195  17,968  15,494  20,226  24,178  15,790  16,347  15,142  17,208  11,825  13,754  15,391  15,291  13,792  11,985  13,377 
Working capital 31,191  34,940  17,702  19,948  23,509  27,756  29,631  36,623  47,447  56,769  59,764  63,051  53,109  50,337  50,221  48,387  59,309  47,105  45,244  44,864  46,731  47,892  37,502  40,055  44,817 
 
Revenues 9,367  10,440  9,796  9,614  9,218  11,137  9,614  9,562  9,193  11,252  9,771  9,621  9,187  10,893  9,205  9,035  8,595  10,594  9,012  8,993  8,448  10,705  9,327  9,598  8,596 
Short-term Activity Ratio
Working capital turnover1 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 0.79 0.82 0.84 0.81 0.80
Benchmarks
Working Capital Turnover, Competitors2
Adobe Inc. 5.51 8.11 9.50 16.24 3.42 2.02 1.95 1.96 2.05 2.17 2.20 1.93 1.91 1.86 1.88 1.84 1.85 1.94 1.95
Alphabet Inc. 1.58 1.56 1.51 1.42 1.34 1.37 1.35 1.32 1.31 1.19 1.11 1.06 1.06 1.01 1.02 1.02 1.06 1.06 1.06
Autodesk Inc. 16.26 5.13 22.25 7.38 3.00 2.49 2.05 1.79 1.75 1.60 2.40 1.98
Facebook Inc. 1.32 1.35 1.38 1.36 1.39 1.36 1.28 1.19 1.07 0.98 0.91 0.89 0.88 0.89 0.88 0.89 0.89 0.90 0.91
International Business Machines Corp. 49.97 107.30 25.25 2.21 5.69 7.29 7.03 7.11 5.98 6.40 6.01 8.67 12.39 10.50 11.48 8.08 6.24 9.93
Intuit Inc. 1.73 3.19 4.80 4.93 4.17 3.46 10.00 9.43 20.71 40.97 5.14
Microsoft Corp. 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 1.06 1.03 1.03 1.26 1.25
salesforce.com inc. 9.75 15.29 28.71 4.92
ServiceNow Inc. 8.10 43.84 46.69 30.81 13.86 10.15 7.86 5.16 4.40 5.37 6.24 2.09 1.83 5.85 5.13 5.65 4.86 7.58 2.84

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

1 Q1 2021 Calculation
Working capital turnover = (RevenuesQ1 2021 + RevenuesQ4 2020 + RevenuesQ3 2020 + RevenuesQ2 2020) ÷ Working capital
= (9,367 + 10,440 + 9,796 + 9,614) ÷ 31,191 = 1.26

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. Oracle Corp.’s working capital turnover ratio deteriorated from Q3 2020 to Q4 2020 but then slightly improved from Q4 2020 to Q1 2021.

Average Receivable Collection Period

Oracle Corp., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014
Selected Financial Data
Receivables turnover 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 6.88 9.67 9.47 10.96 6.80
Short-term Activity Ratio (no. days)
Average receivable collection period1 43 52 38 37 35 47 37 36 34 48 36 36 34 51 36 36 33 53 38 39 33 54
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Adobe Inc. 39 41 43 50 47 46 51 53 44 48 50 61 53 50 50 52 48 46 43 51 47 42 46
Alphabet Inc. 47 48 57 49 52 49 56 50 50 52 60 53 51 50 57 51 52 51 56
Autodesk Inc. 38 73 61 43 36 67 47 38 35 78 57 50 42 81 43 48 39 95 52 57 45 67
Facebook Inc. 36 36 49 42 44 40 50 43 42 42 52 44 43 41 53 45 46 43 52
International Business Machines Corp. 32 33 37 32 35 32 34 32 34 35 41 38 39 39 42 38 40 39 37
Intuit Inc. 7 12 31 5 5 14 31 5 6 19 36 8 7 18 39 9 8 17 42 11 8
Microsoft Corp. 82 60 64 54 86 58 61 55 88 61 68 57 80 54 61 48 78 51 60 46 70
salesforce.com inc. 62 132 59 58 56 135 59 61 58 136 56 61 59 139 59 65 62 137 61 65 60 129
ServiceNow Inc. 58 60 88 61 61 55 80 64 59 64 82 60 62 68 85 62 60 63 74

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

1 Q1 2021 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 8.57 = 43

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. Oracle Corp.’s number of days of receivables outstanding deteriorated from Q3 2020 to Q4 2020 but then improved from Q4 2020 to Q1 2021 not reaching Q3 2020 level.

Average Payables Payment Period

Oracle Corp., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016 Nov 30, 2015 Aug 31, 2015 May 31, 2015 Feb 28, 2015 Nov 30, 2014 Aug 31, 2014
Selected Financial Data
Payables turnover 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 14.84 18.52 18.45 18.25 9.34
Short-term Activity Ratio (no. days)
Average payables payment period1 25 29 24 24 22 26 27 26 24 24 28 26 28 29 24 31 27 25 20 20 20 39
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Adobe Inc. 48 61 56 46 43 42 40 57 48 40 46 41 34 32 81 39 38 35 34 46 36 31 41
Alphabet Inc. 19 20 28 22 22 22 27 25 23 26 25 23 23 23 21 24 20 21 25
Autodesk Inc. 96 94 122 109 119 130 115 104 129 114 109 107 104 100 106 111 105 118 105 92 96 107
Facebook Inc. 24 23 39 26 21 22 32 26 21 35 25 29 27 15 29 27 14 18 25
International Business Machines Corp. 44 38 44 36 42 50 56 45 46 48 55 47 45 46 54 46 49 47 54
Intuit Inc. 81 105 131 82 86 125 137 74 66 128 145 98 71 123 121 78 89 130 140 89 96
Microsoft Corp. 99 76 74 72 80 65 67 78 82 75 80 72 79 67 72 69 77 76 80 76 73
ServiceNow Inc. 36 32 24 30 34 21 18 27 20 26 23 16 20 29 35 28 41 42 41

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

1 Q1 2021 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 14.72 = 25

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. Oracle Corp.’s number of days of payables outstanding increased from Q3 2020 to Q4 2020 but then slightly decreased from Q4 2020 to Q1 2021 not reaching Q3 2020 level.