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Adobe Systems Inc (NAS:ADBE)
Days Sales Outstanding
50.31 (As of Nov. 2014)

Adobe Systems Inc's account receivable for the three months ended in Nov. 2014 was $592 Mil. Adobe Systems Inc's revenue for the three months ended in Nov. 2014 was $1,073 Mil. Hence, Adobe Systems Inc's days sales outstanding for the three months ended in Nov. 2014 was 50.31.

Adobe Systems Inc's days sales outstanding declined from Nov. 2013 (52.54) to Nov. 2014 (50.31).


Definition

Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Account receivable can be measured by Days Sales Outstanding.

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

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=591.8/4147.065*365
=52.09

Adobe Systems Inc's Days Sales Outstanding for the quarter that ended in Nov. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=591.8/1073.328*365 / 4
=50.31

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


Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Related Terms

Account Receivable, 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
DaysSalesOutstanding 32.1650.5736.7747.6450.9153.2454.9251.1653.9952.09

Adobe Systems Inc Quarterly Data

Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14
DaysSalesOutstanding 47.8548.8343.9842.4447.9052.5446.5845.4147.9550.31
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