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Adobe Systems Inc (NAS:ADBE)
Days Sales Outstanding
47.95 (As of Aug. 2014)

Adobe Systems Inc's account receivable for the three months ended in Aug. 2014 was $528 Mil. Adobe Systems Inc's revenue for the three months ended in Aug. 2014 was $1,005 Mil. Hence, Adobe Systems Inc's days sales outstanding for the three months ended in Aug. 2014 was 47.95.

Adobe Systems Inc's days sales outstanding increased from Aug. 2013 (47.90) to Aug. 2014 (47.95).


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. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=599.82/4055.24*365
=53.99

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

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=528.331/1005.409*365 / 4
=47.95

* 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

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
DaysSalesOutstanding 31.0932.1650.5736.7747.6450.9153.2454.9251.1653.99

Adobe Systems Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
DaysSalesOutstanding 42.9647.8548.8343.9842.4447.9052.5446.5845.4147.95
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