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Adobe Systems Inc (NAS:ADBE)
Days Payable
33.36 (As of Aug. 2015)

Adobe Systems Inc's payable for the three months ended in Aug. 2015 was $70 Mil. Adobe Systems Inc's cost of goods sold for the three months ended in Aug. 2015 was $191 Mil. Hence, Adobe Systems Inc's days payable for the three months ended in Aug. 2015 was 33.36.

ADBE' s Days Payable Range Over the Past 10 Years
Min: 37.54   Max: 72.46
Current: 45.76

37.54
72.46

During the past 13 years, Adobe Systems Inc's highest Days Payable was 72.46. The lowest was 37.54. And the median was 51.82.

ADBE's Days Payable is ranked higher than
52% of the 1290 Companies
in the Global Software - Application industry.

( Industry Median: 44.10 vs. ADBE: 45.76 )

Adobe Systems Inc's days payable increased from Aug. 2014 (31.12) to Aug. 2015 (33.36). It may suggest that Adobe Systems Inc delayed 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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=93.307/744.317*365
=45.76

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=69.823/190.985*365 / 4
=33.36

* 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

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15
DaysPayable 68.6868.8156.2072.4647.4372.2437.5438.6440.1245.76

Adobe Systems Inc Quarterly Data

Aug13Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15
DaysPayable 44.0938.4139.6432.3231.1238.7739.2127.8633.3642.28
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