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GuruFocus has detected 5 Warning Signs with Adobe Systems Inc $ADBE.
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Adobe Systems Inc (NAS:ADBE)
Days Sales Outstanding
46.17 (As of Feb. 2017)

Adobe Systems Inc's account receivable for the three months ended in Feb. 2017 was $851 Mil. Adobe Systems Inc's revenue for the three months ended in Feb. 2017 was $1,682 Mil. Hence, Adobe Systems Inc's days sales outstanding for the three months ended in Feb. 2017 was 46.17.

ADBE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.77   Max: 54.92
Current: 50.47

36.77
54.92

During the past 13 years, Adobe Systems Inc's highest Days Sales Outstanding was 54.92. The lowest was 36.77. And the median was 51.55.

ADBE's Days Sales Outstanding is ranked higher than
68% of the 1288 Companies
in the Global Software - Application industry.

( Industry Median: 67.53 vs. ADBE: 50.47 )

Adobe Systems Inc's days sales outstanding increased from Feb. 2016 (39.53) to Feb. 2017 (46.17).


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. 2016 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=833.033/5854.43*365
=51.94

Adobe Systems Inc's Days Sales Outstanding for the quarter that ended in Feb. 2017 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=850.84/1681.646*365 / 4
=46.17

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

Adobe Systems Inc Annual Data

Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15Nov16
DaysSalesOutstanding 36.7747.6450.9153.2454.9251.1653.9952.0951.1551.94

Adobe Systems Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysSalesOutstanding 50.3143.8039.4644.4846.9439.5343.5045.5747.2646.17
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