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Adobe Systems Inc (NAS:ADBE)
Days Payable
27.86 (As of May. 2015)

Adobe Systems Inc's payable for the three months ended in May. 2015 was $57 Mil. Adobe Systems Inc's cost of goods sold for the three months ended in May. 2015 was $185 Mil. Hence, Adobe Systems Inc's days payable for the three months ended in May. 2015 was 27.86.

Adobe Systems Inc's days payable declined from May. 2014 (32.32) to May. 2015 (27.86). It may suggest that Adobe Systems Inc accelerated paying its suppliers.


Definition

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

Adobe Systems Inc's Days Payable for the fiscal year that ended in Nov. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=68.377/622.08*365
=40.12

Adobe Systems Inc's Days Payable for the quarter that ended in May. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=56.539/185.173*365 / 4
=27.86

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Adobe Systems Inc Annual Data

Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14
DaysPayable 133.0768.6868.8156.2072.4647.4372.2437.5438.6440.12

Adobe Systems Inc Quarterly Data

Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15
DaysPayable 42.3536.2144.0938.4139.6432.3231.1238.7739.2127.86
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