Stock Analysis on Net

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

Microsoft Excel

Short-term Activity Ratios (Summary)

Visa 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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015
Turnover Ratios
Receivables turnover 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 12.52 5.02 11.99 10.28
Payables turnover 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 8.56 5.85 7.76 7.24
Working capital turnover 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 2.86 3.18 3.67 2.41
Average No. Days
Average receivable collection period 24 22 26 27 27 25 27 21 34 22 51 48 28 27 54 28 29 47 31 28 29 73 30 36
Average payables payment period 40 33 40 37 38 34 35 29 43 29 66 63 40 35 67 38 42 58 45 40 43 62 47 50

Based on: 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), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Visa Inc. receivables turnover ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022 not reaching Q1 2022 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Visa Inc. payables turnover ratio increased from Q1 2022 to Q2 2022 but then decreased significantly from Q2 2022 to Q3 2022.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Visa Inc. working capital turnover ratio improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 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

Visa 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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Net revenues 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  4,261  3,630  3,626  3,565 
Settlement receivable 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  1,467  1,499  414  443 
Short-term Activity Ratio
Receivables turnover1 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 12.52 5.02 11.99 10.28
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 7.03
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. 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 18.83 10.21 45.56 50.26 20.77 9.31 39.33 43.46
Mastercard Inc. 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
Microsoft Corp. 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 6.02 5.36 6.46 4.54
Oracle Corp. 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 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. 6.22 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

Based on: 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), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31).

1 Q3 2022 Calculation
Receivables turnover = (Net revenuesQ3 2022 + Net revenuesQ2 2022 + Net revenuesQ1 2022 + Net revenuesQ4 2021) ÷ Settlement receivable
= (7,275 + 7,189 + 7,059 + 6,559) ÷ 1,860 = 15.10

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 improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Payables Turnover

Visa 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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Net revenues 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  4,261  3,630  3,626  3,565 
Settlement payable 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  2,084  1,999  723  744 
Short-term Activity Ratio
Payables turnover1 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 8.56 5.85 7.76 7.24
Benchmarks
Payables Turnover, Competitors2
Accenture PLC 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 20.52 20.05 20.09 16.87 19.59 20.71 21.40 19.14
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 9.31
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. 2.52 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 2.86 2.51 3.74 5.15 2.96 3.01 4.66 4.09
Mastercard Inc. 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
Microsoft Corp. 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 4.86 4.57 5.05 4.64
Oracle Corp. 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 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

Based on: 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), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31).

1 Q3 2022 Calculation
Payables turnover = (Net revenuesQ3 2022 + Net revenuesQ2 2022 + Net revenuesQ1 2022 + Net revenuesQ4 2021) ÷ Settlement payable
= (7,275 + 7,189 + 7,059 + 6,559) ÷ 3,068 = 9.15

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 increased from Q1 2022 to Q2 2022 but then decreased significantly from Q2 2022 to Q3 2022.

Working Capital Turnover

Visa 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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current assets 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  14,313  14,374  24,303  25,473 
Less: Current liabilities 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  8,046  7,783  5,125  5,357 
Working capital 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  6,267  6,591  19,178  20,116 
 
Net revenues 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  4,261  3,630  3,626  3,565 
Short-term Activity Ratio
Working capital turnover1 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 2.86 3.18 3.67 2.41
Benchmarks
Working Capital Turnover, Competitors2
Accenture PLC 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 14.59 13.41 15.49 16.17 17.59 14.81 16.07 11.23
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 1.93
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. 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 40.97
Mastercard Inc. 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
Microsoft Corp. 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 0.94 0.90 0.86 0.94
Oracle Corp. 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 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. 27.10 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

Based on: 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), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31).

1 Q3 2022 Calculation
Working capital turnover = (Net revenuesQ3 2022 + Net revenuesQ2 2022 + Net revenuesQ1 2022 + Net revenuesQ4 2021) ÷ Working capital
= (7,275 + 7,189 + 7,059 + 6,559) ÷ 8,662 = 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 Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022.

Average Receivable Collection Period

Visa 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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015
Selected Financial Data
Receivables turnover 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 12.52 5.02 11.99 10.28
Short-term Activity Ratio (no. days)
Average receivable collection period1 24 22 26 27 27 25 27 21 34 22 51 48 28 27 54 28 29 47 31 28 29 73 30 36
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 52
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. 21 28 15 15 23 22 5 7 12 31 5 5 14 31 5 6 19 36 8 7 18 39 9 8
Mastercard Inc. 19 20 25 18 21 40 41 32 40 25 65 61 36 34 60 34 40 42 40
Microsoft Corp. 62 66 57 83 60 65 57 82 60 64 54 86 58 61 55 88 61 68 57 80
Oracle Corp. 40 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. 59 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

Based on: 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), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31).

1 Q3 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 15.10 = 24

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

Visa 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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015
Selected Financial Data
Payables turnover 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 8.56 5.85 7.76 7.24
Short-term Activity Ratio (no. days)
Average payables payment period1 40 33 40 37 38 34 35 29 43 29 66 63 40 35 67 38 42 58 45 40 43 62 47 50
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Accenture PLC 22 21 22 24 22 20 18 16 17 18 19 20 19 18 17 17 18 18 18 22 19 18 17 19
Adobe Inc. 66 56 61 68 65 54 65 48 61 56 46 43 42 40 57 48 40 46 41 34 32 81 39
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. 145 158 105 135 142 129 70 81 105 131 82 86 125 137 74 66 128 145 98 71 123 121 78 89
Mastercard Inc. 12 10 18 10 12 31 35 26 34 25 59 48 31 28 53 29 32 35 39
Microsoft Corp. 98 97 99 106 97 96 98 99 76 74 72 80 65 67 78 82 75 80 72 79
Oracle Corp. 48 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

Based on: 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), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31).

1 Q3 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 9.15 = 40

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.