Switch to:
Adobe Systems Inc (NAS:ADBE)
Days Payable
32.95 (As of Feb. 2016)

Adobe Systems Inc's payable for the three months ended in Feb. 2016 was $72 Mil. Adobe Systems Inc's cost of goods sold for the three months ended in Feb. 2016 was $199 Mil. Hence, Adobe Systems Inc's days payable for the three months ended in Feb. 2016 was 32.95.

ADBE' s Days Payable Range Over the Past 10 Years
Min: 37.54   Max: 72.46
Current: 33.72

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 lower than
60% of the 1337 Companies
in the Global Software - Application industry.

( Industry Median: 43.53 vs. ADBE: 33.72 )

Adobe Systems Inc's days payable declined from Feb. 2015 (39.21) to Feb. 2016 (32.95). 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. 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 Feb. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=71.706/198.572*365 / 4
=32.95

* 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

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
DaysPayable 38.4139.6432.3231.1238.7739.2127.8633.3642.2832.95
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK