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Adobe Systems Inc (NAS:ADBE)
Days Payable
37.56 (As of Aug. 2016)

Adobe Systems Inc's payable for the three months ended in Aug. 2016 was $83 Mil. Adobe Systems Inc's cost of goods sold for the three months ended in Aug. 2016 was $203 Mil. Hence, Adobe Systems Inc's days payable for the three months ended in Aug. 2016 was 37.56.

ADBE' s Days Payable Range Over the Past 10 Years
Min: 37.54   Max: 72.46
Current: 37.85

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
56% of the 1331 Companies
in the Global Software - Application industry.

( Industry Median: 43.28 vs. ADBE: 37.85 )

Adobe Systems Inc's days payable increased from Aug. 2015 (33.36) to Aug. 2016 (37.56). 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. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=83.444/202.701*365 / 4
=37.56

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Adobe Systems Inc Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15
DaysPayable 68.6868.8156.2072.4647.4372.2437.5438.6440.1245.76

Adobe Systems Inc Quarterly Data

May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16
DaysPayable 32.3231.1238.7739.2127.8633.3642.2832.9534.1337.56
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