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)
Visa Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Visa Inc. receivables turnover ratio deteriorated from Q4 2022 to Q1 2023 but then improved from Q1 2023 to Q2 2023 exceeding Q4 2022 level. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Visa Inc. payables turnover ratio decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Visa Inc. working capital turnover ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023 not reaching Q4 2022 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. | Visa Inc. number of days of receivables outstanding deteriorated from Q4 2022 to Q1 2023 but then improved from Q1 2023 to Q2 2023 exceeding Q4 2022 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. | Visa Inc. number of days of payables outstanding increased from Q4 2022 to Q1 2023 but then decreased significantly from Q1 2023 to Q2 2023. |
Receivables Turnover
Visa Inc., receivables turnover calculation (quarterly data)
| 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 | 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 | Dec 31, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Net revenues | 7,985) | 7,936) | 7,787) | 7,275) | 7,189) | 7,059) | 6,559) | 6,130) | 5,729) | 5,687) | 5,101) | 4,837) | 5,854) | 6,054) | 6,137) | 5,840) | 5,494) | 5,506) | 5,434) | 5,240) | 5,073) | 4,862) | 4,855) | 4,565) | 4,477) | 4,461) | ||||||||
| Settlement receivable | 1,942) | 2,127) | 1,932) | 1,860) | 1,632) | 1,788) | 1,758) | 1,663) | 1,434) | 1,596) | 1,264) | 2,111) | 1,432) | 3,273) | 3,048) | 1,689) | 1,574) | 3,123) | 1,582) | 1,615) | 2,501) | 1,618) | 1,422) | 1,419) | 3,350) | 1,333) | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Receivables turnover1 | 15.95 | 14.19 | 15.17 | 15.10 | 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 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||||||||
| Adobe Inc. | 10.94 | 9.99 | 8.53 | 9.98 | 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 | — | — | — | — | — | — | — | ||||||||
| International Business Machines Corp. | 10.67 | 10.52 | 9.25 | 10.95 | 10.17 | 9.79 | 8.49 | 9.23 | 9.57 | 10.72 | 10.32 | 12.30 | 11.54 | 11.05 | 9.80 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intuit Inc. | 15.15 | 34.68 | 28.53 | 17.44 | 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 | — | — | — | — | — | — | — | ||||||||
| Microsoft Corp. | 5.70 | 6.49 | 4.48 | 5.90 | 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 | — | — | — | — | — | — | — | ||||||||
| Oracle Corp. | 7.43 | 7.44 | 7.13 | 9.12 | 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 | — | — | — | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | 4.82 | 4.70 | 2.57 | 4.17 | 5.10 | 5.61 | 3.43 | 5.20 | 5.65 | 5.30 | 3.29 | 4.88 | 5.78 | 6.04 | 4.98 | 6.75 | 6.25 | 6.34 | 4.86 | — | — | — | — | — | — | — | ||||||||
| Salesforce Inc. | 6.18 | 7.07 | 2.72 | 6.22 | 5.78 | 7.04 | 2.73 | 6.12 | 5.63 | 5.93 | 2.77 | 6.16 | 6.32 | 6.51 | 2.70 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| ServiceNow Inc. | 7.33 | 6.87 | 4.20 | 7.71 | 7.74 | 7.59 | 4.24 | 7.13 | 6.62 | 7.49 | 4.48 | 6.69 | 6.26 | 6.04 | 4.14 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Synopsys Inc. | 6.78 | 5.00 | 6.38 | 7.25 | 6.58 | 4.34 | 7.40 | 7.06 | 6.51 | 4.84 | 4.72 | 5.50 | 5.36 | 4.22 | 6.07 | 7.23 | 6.14 | 4.16 | 5.63 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31).
1 Q2 2023 Calculation
Receivables turnover
= (Net revenuesQ2 2023
+ Net revenuesQ1 2023
+ Net revenuesQ4 2022
+ Net revenuesQ3 2022)
÷ Settlement receivable
= (7,985 + 7,936 + 7,787 + 7,275)
÷ 1,942 = 15.95
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. | Visa Inc. receivables turnover ratio deteriorated from Q4 2022 to Q1 2023 but then improved from Q1 2023 to Q2 2023 exceeding Q4 2022 level. |
Payables Turnover
Visa Inc., payables turnover calculation (quarterly data)
| 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 | 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 | Dec 31, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Net revenues | 7,985) | 7,936) | 7,787) | 7,275) | 7,189) | 7,059) | 6,559) | 6,130) | 5,729) | 5,687) | 5,101) | 4,837) | 5,854) | 6,054) | 6,137) | 5,840) | 5,494) | 5,506) | 5,434) | 5,240) | 5,073) | 4,862) | 4,855) | 4,565) | 4,477) | 4,461) | ||||||||
| Settlement payable | 3,069) | 3,573) | 3,281) | 3,068) | 2,409) | 2,774) | 2,443) | 2,376) | 2,000) | 2,048) | 1,736) | 2,725) | 1,869) | 4,277) | 3,990) | 2,420) | 2,081) | 3,890) | 2,168) | 2,310) | 3,052) | 2,302) | 2,003) | 2,075) | 2,879) | 2,059) | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Payables turnover1 | 10.10 | 8.45 | 8.93 | 9.15 | 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 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||||||||
| Accenture PLC | 17.35 | 17.54 | 16.37 | 16.93 | 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 | — | — | — | — | — | — | — | ||||||||
| Adobe Inc. | 6.51 | 7.21 | 5.71 | 6.66 | 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 | — | — | — | — | — | — | — | ||||||||
| International Business Machines Corp. | 7.36 | 7.44 | 6.87 | 7.35 | 7.40 | 7.69 | 6.54 | 6.71 | 7.47 | 8.35 | 7.75 | 9.76 | 8.36 | 9.63 | 8.30 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intuit Inc. | 3.54 | 3.98 | 3.26 | 2.52 | 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 | — | — | — | — | — | — | — | ||||||||
| Microsoft Corp. | 4.23 | 3.88 | 3.30 | 3.74 | 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 | — | — | — | — | — | — | — | ||||||||
| Oracle Corp. | 6.68 | 6.72 | 6.74 | 7.65 | 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 | — | — | — | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | 14.50 | 14.30 | 13.43 | 14.68 | 12.25 | 14.46 | 22.41 | 16.80 | 25.37 | 21.85 | 15.72 | 17.72 | 15.76 | 11.28 | 11.03 | 11.31 | 26.19 | 15.99 | 13.06 | — | — | — | — | — | — | — | ||||||||
| ServiceNow Inc. | 10.08 | 7.20 | 5.74 | 7.86 | 5.60 | 8.57 | 15.20 | 19.64 | 11.82 | 9.75 | 28.83 | 17.87 | 10.13 | 11.28 | 15.04 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31).
1 Q2 2023 Calculation
Payables turnover
= (Net revenuesQ2 2023
+ Net revenuesQ1 2023
+ Net revenuesQ4 2022
+ Net revenuesQ3 2022)
÷ Settlement payable
= (7,985 + 7,936 + 7,787 + 7,275)
÷ 3,069 = 10.10
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. | Visa Inc. payables turnover ratio decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level. |
Working Capital Turnover
Visa Inc., working capital turnover calculation (quarterly data)
| 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 | 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 | Dec 31, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Current assets | 28,657) | 27,859) | 30,205) | 28,971) | 24,091) | 25,906) | 27,607) | 28,042) | 26,901) | 26,280) | 27,645) | 25,011) | 19,907) | 22,319) | 20,970) | 18,305) | 18,490) | 20,107) | 18,216) | 18,491) | 18,536) | 17,287) | 19,023) | 15,718) | 15,505) | 14,689) | ||||||||
| Less: Current liabilities | 19,097) | 19,353) | 20,853) | 20,309) | 18,702) | 18,568) | 15,739) | 14,023) | 12,711) | 12,390) | 14,510) | 16,100) | 15,942) | 17,579) | 13,415) | 10,829) | 11,380) | 13,389) | 11,305) | 10,934) | 9,551) | 8,363) | 9,994) | 9,511) | 10,206) | 10,341) | ||||||||
| Working capital | 9,560) | 8,506) | 9,352) | 8,662) | 5,389) | 7,338) | 11,868) | 14,019) | 14,190) | 13,890) | 13,135) | 8,911) | 3,965) | 4,740) | 7,555) | 7,476) | 7,110) | 6,718) | 6,911) | 7,557) | 8,985) | 8,924) | 9,029) | 6,207) | 5,299) | 4,348) | ||||||||
| Net revenues | 7,985) | 7,936) | 7,787) | 7,275) | 7,189) | 7,059) | 6,559) | 6,130) | 5,729) | 5,687) | 5,101) | 4,837) | 5,854) | 6,054) | 6,137) | 5,840) | 5,494) | 5,506) | 5,434) | 5,240) | 5,073) | 4,862) | 4,855) | 4,565) | 4,477) | 4,461) | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Working capital turnover1 | 3.24 | 3.55 | 3.13 | 3.24 | 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 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||||||||
| Accenture PLC | 13.40 | 14.81 | 15.07 | 13.41 | 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 | — | — | — | — | — | — | — | ||||||||
| Adobe Inc. | 14.68 | 19.89 | 20.28 | 16.36 | 31.92 | 57.86 | 9.09 | 6.22 | 7.44 | 8.67 | 4.89 | 5.51 | 8.11 | 9.50 | — | — | — | — | 16.24 | — | — | — | — | — | — | — | ||||||||
| International Business Machines Corp. | 31.12 | 12.14 | — | — | — | — | — | — | — | — | — | 40.51 | 49.97 | — | 107.30 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intuit Inc. | 15.31 | 10.83 | 8.98 | 5.68 | 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 | — | — | — | — | — | — | — | ||||||||
| Microsoft Corp. | 2.68 | 2.77 | 2.66 | 2.52 | 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 | — | — | — | — | — | — | — | ||||||||
| Oracle Corp. | — | — | 3.50 | 3.86 | 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 | — | — | — | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | — | — | — | — | — | — | — | 3.52 | — | 2.15 | 1.40 | 4.81 | 1.80 | 1.89 | 1.80 | 1.60 | 1.60 | 1.21 | 1.14 | — | — | — | — | — | — | — | ||||||||
| Salesforce Inc. | 25.15 | 54.57 | 24.95 | 27.10 | — | 4.36 | 5.11 | 7.48 | 10.29 | 9.75 | 15.29 | 28.71 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| ServiceNow Inc. | 9.59 | 7.83 | 11.16 | 6.63 | 11.21 | 10.61 | 21.76 | 11.15 | 16.31 | 5.62 | 5.76 | 3.73 | 8.10 | 43.84 | 46.69 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Synopsys Inc. | 12.83 | 17.05 | 21.34 | 14.02 | 7.78 | 9.47 | 10.65 | 9.50 | 9.18 | 16.88 | 9.00 | 27.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31).
1 Q2 2023 Calculation
Working capital turnover
= (Net revenuesQ2 2023
+ Net revenuesQ1 2023
+ Net revenuesQ4 2022
+ Net revenuesQ3 2022)
÷ Working capital
= (7,985 + 7,936 + 7,787 + 7,275)
÷ 9,560 = 3.24
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. | Visa Inc. working capital turnover ratio improved from Q4 2022 to Q1 2023 but then slightly deteriorated from Q1 2023 to Q2 2023 not reaching Q4 2022 level. |
Average Receivable Collection Period
Visa Inc., average receivable collection period calculation (quarterly data)
| 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 | 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 | Dec 31, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||||||
| Receivables turnover | 15.95 | 14.19 | 15.17 | 15.10 | 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 | — | — | — | ||||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||||||
| Average receivable collection period1 | 23 | 26 | 24 | 24 | 22 | 26 | 27 | 27 | 25 | 27 | 21 | 34 | 22 | 51 | 48 | 28 | 27 | 54 | 28 | 29 | 47 | 31 | 28 | — | — | — | ||||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||||||||
| Adobe Inc. | 33 | 37 | 43 | 37 | 35 | 38 | 43 | 37 | 37 | 41 | 40 | 39 | 41 | 43 | 50 | 47 | 46 | 51 | 53 | — | — | — | — | — | — | — | ||||||||
| International Business Machines Corp. | 34 | 35 | 39 | 33 | 36 | 37 | 43 | 40 | 38 | 34 | 35 | 30 | 32 | 33 | 37 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intuit Inc. | 24 | 11 | 13 | 21 | 28 | 15 | 15 | 23 | 22 | 5 | 7 | 12 | 31 | 5 | 5 | 14 | 31 | 5 | 6 | — | — | — | — | — | — | — | ||||||||
| Microsoft Corp. | 64 | 56 | 81 | 62 | 66 | 57 | 83 | 60 | 65 | 57 | 82 | 60 | 64 | 54 | 86 | 58 | 61 | 55 | 88 | — | — | — | — | — | — | — | ||||||||
| Oracle Corp. | 49 | 49 | 51 | 40 | 39 | 40 | 49 | 43 | 41 | 43 | 52 | 38 | 37 | 35 | 47 | 37 | 36 | 34 | 48 | — | — | — | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | 76 | 78 | 142 | 88 | 72 | 65 | 106 | 70 | 65 | 69 | 111 | 75 | 63 | 60 | 73 | 54 | 58 | 58 | 75 | — | — | — | — | — | — | — | ||||||||
| Salesforce Inc. | 59 | 52 | 134 | 59 | 63 | 52 | 134 | 60 | 65 | 62 | 132 | 59 | 58 | 56 | 135 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| ServiceNow Inc. | 50 | 53 | 87 | 47 | 47 | 48 | 86 | 51 | 55 | 49 | 82 | 55 | 58 | 60 | 88 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Synopsys Inc. | 54 | 73 | 57 | 50 | 55 | 84 | 49 | 52 | 56 | 75 | 77 | 66 | 68 | 86 | 60 | 51 | 59 | 88 | 65 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31).
1 Q2 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 15.95 = 23
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. | Visa Inc. number of days of receivables outstanding deteriorated from Q4 2022 to Q1 2023 but then improved from Q1 2023 to Q2 2023 exceeding Q4 2022 level. |
Average Payables Payment Period
Visa Inc., average payables payment period calculation (quarterly data)
| 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 | 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 | Dec 31, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||||||
| Payables turnover | 10.10 | 8.45 | 8.93 | 9.15 | 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 | — | — | — | ||||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||||||
| Average payables payment period1 | 36 | 43 | 41 | 40 | 33 | 40 | 37 | 38 | 34 | 35 | 29 | 43 | 29 | 66 | 63 | 40 | 35 | 67 | 38 | 42 | 58 | 45 | 40 | — | — | — | ||||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||||||||
| Accenture PLC | 21 | 21 | 22 | 22 | 21 | 22 | 24 | 22 | 20 | 18 | 16 | 17 | 18 | 19 | 20 | 19 | 18 | 17 | 17 | — | — | — | — | — | — | — | ||||||||
| Adobe Inc. | 56 | 51 | 64 | 55 | 66 | 56 | 61 | 68 | 65 | 54 | 65 | 48 | 61 | 56 | 46 | 43 | 42 | 40 | 57 | — | — | — | — | — | — | — | ||||||||
| International Business Machines Corp. | 50 | 49 | 53 | 50 | 49 | 47 | 56 | 54 | 49 | 44 | 47 | 37 | 44 | 38 | 44 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intuit Inc. | 103 | 92 | 112 | 145 | 158 | 105 | 135 | 142 | 129 | 70 | 81 | 105 | 131 | 82 | 86 | 125 | 137 | 74 | 66 | — | — | — | — | — | — | — | ||||||||
| Microsoft Corp. | 86 | 94 | 111 | 98 | 97 | 99 | 106 | 97 | 96 | 98 | 99 | 76 | 74 | 72 | 80 | 65 | 67 | 78 | 82 | — | — | — | — | — | — | — | ||||||||
| Oracle Corp. | 55 | 54 | 54 | 48 | 45 | 34 | 35 | 38 | 34 | 25 | 29 | 24 | 24 | 22 | 26 | 27 | 26 | 24 | 24 | — | — | — | — | — | — | — | ||||||||
| Palo Alto Networks Inc. | 25 | 26 | 27 | 25 | 30 | 25 | 16 | 22 | 14 | 17 | 23 | 21 | 23 | 32 | 33 | 32 | 14 | 23 | 28 | — | — | — | — | — | — | — | ||||||||
| ServiceNow Inc. | 36 | 51 | 64 | 46 | 65 | 43 | 24 | 19 | 31 | 37 | 13 | 20 | 36 | 32 | 24 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31).
1 Q2 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 10.10 = 36
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. | Visa Inc. number of days of payables outstanding increased from Q4 2022 to Q1 2023 but then decreased significantly from Q1 2023 to Q2 2023. |