Intuit (Intuit) Days Payable : 75.72 (As of Jan. 2024)

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What is Intuit Days Payable?

Intuit's average Accounts Payable for the three months ended in Jan. 2024 was $710 Mil. Intuit's Cost of Goods Sold for the three months ended in Jan. 2024 was $855 Mil. Hence, Intuit's Days Payable for the three months ended in Jan. 2024 was 75.72.

The historical rank and industry rank for Intuit's Days Payable or its related term are showing as below:

INTU' s Days Payable Range Over the Past 10 Years
Min: 62.51 Med: 81.36 Max: 103.16
Current: 83.59

During the past 13 years, Intuit's highest Days Payable was 103.16. The lowest was 62.51. And the median was 81.36.

INTU's Days Payable is ranked better than
64.49% of 2523 companies
in the Software industry
Industry Median: 51.48 vs INTU: 83.59

Intuit's Days Payable declined from Jan. 2023 (87.41) to Jan. 2024 (75.72). It may suggest that Intuit accelerated paying its suppliers.

Intuit Days Payable Historical Data

The historical data trend for Intuit's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Intuit Days Payable Chart

Intuit Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Days Payable

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70.69

76.68

100.63

103.16

79.84

Intuit Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															87.41	80.55	99.76	76.12	75.72

Competitive Comparison of Intuit's Days Payable

For the Software - Application subindustry, Intuit's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Intuit's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Intuit's Days Payable distribution charts can be found below:

* The bar in red indicates where Intuit's Days Payable falls into.

Intuit Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Intuit's Days Payable for the fiscal year that ended in Jul. 2023 is calculated as

	Days Payable (A: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2022 )	+	Accounts Payable (A: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2023 )	*	Days in Period
=	( (737	+	638)	/	2 )	/	3143	*	365
=	687.5					/	3143	*	365
=	79.84

Intuit's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (630	+	789)	/	2 )	/	855	*	365 / 4
=	709.5					/	855	*	365 / 4
=	75.72

Intuit Days Payable Related Terms

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Intuit (Intuit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Intuit Inc (NAS:INTU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

INTU:Mexico 1INTU:Italy ITUd:UK ITU:Germany ITU:Germany ITU:Germany INTU34:Brazil INTU:Austria

Address

2700 Coast Avenue, Mountain View, CA, USA, 94043

Website

https://www.intuit.com

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.

Executives

Alex G. Balazs	officer: EVP, Chief Technology Officer	C/O INTUIT INC., 2700 COAST AVE, MOUNTAIN VIEW CA 94043
Laura A Fennell	officer: VP, General Counsel, Corp. Sec	C/O INTUIT INC., PO BOX 7850, MOUNTAIN VIEW CA 94039-7850
Raul Vazquez	director	500 STAPLES DR., FRAMINGHAM MA 01702
Sasan K Goodarzi	officer: Senior Vice President	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Sandeep Aujla	officer: EVP and CFO	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Mark P. Notarainni	officer: EVP, Consumer Group	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Marianna Tessel	officer: EVP, Chief Technology Officer	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Lauren D Hotz	officer: VP, Chief Accounting Officer	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
James Alexander Chriss	officer: EVP and GM SBSEG	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Kerry J Mclean	officer: SVP, General Counsel	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Michelle M Clatterbuck	officer: EVP and CFO	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Ryan Roslansky	director	C/O GODADDY INC., 2155 E. GODADDY WAY, TEMPE AZ 85284
Eric S. Yuan	director	C/O ZOOM VIDEO COMMUNICATIONS, INC., 55 ALMADEN BOULEVARD, 6TH FLOOR, SAN JOSE CA 95113
Eve B Burton	director	770 BROADWAY, NEW YORK NY 10003
Varun Krishna	officer: EVP, Consumer Group	2700 COAST AVENUE, MOUNTAIN VIEW CA 94043