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Adobe Systems Inc  (NAS:ADBE) Days Payable: 29.70 (As of May. 2017)

Adobe Systems Inc's payable for the three months ended in May. 2017 was $78 Mil. Adobe Systems Inc's Cost of Goods Sold for the three months ended in May. 2017 was $239 Mil. Hence, Adobe Systems Inc's days payable for the three months ended in May. 2017 was 29.70.

NAS:ADBE' s Days Payable Range Over the Past 10 Years
Min: 34.48   Max: 72.46
Current: 34.48

34.48
72.46

During the past 13 years, Adobe Systems Inc's highest Days Payable was 72.46. The lowest was 34.48. And the median was 46.60.

NAS:ADBE's Days Payable is ranked lower than
65% of the 1335 Companies
in the Global industry.

( Industry Median: 44.68 vs. NAS:ADBE: 34.48 )

Adobe Systems Inc's days payable declined from May. 2016 (34.13) to May. 2017 (29.70). It may suggest that Adobe Systems Inc accelerated paying its suppliers.


Historical Data

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

* Premium members only.

Adobe Systems Inc Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.54 38.64 40.12 45.76 39.19

Adobe Systems Inc Quarterly Data

Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.56 37.09 73.62 29.70 31.35

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=88.024/819.908*365
=39.19

Adobe Systems Inc's Days Payable for the quarter that ended in May. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=77.905/239.36*365 / 4
=29.70

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


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