Adobe (XSWX:ADBE) Change In Receivables: CHF-205 Mil (TTM As of May. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:ADBE Adobe Inc XSWX:ADBE
82 GF Score
Price CHF181.34
GF Value CHF484.77
View Full Analysis

What is Adobe Change In Receivables?

Adobe XSWX:ADBE -2.60% 82 Change In Receivables is CHF-205 Mil as of May. 2026. GuruFocus rates XSWX:ADBE with a GF Score™ of 82/100 and a GF Value™ of CHF484.77.

Adobe's change in receivables for the quarter that ended in May. 2026 was CHF91 Mil. It means Adobe's Accounts Receivable declined by CHF91 Mil from Feb. 2026 to May. 2026 .

Adobe's change in receivables for the fiscal year that ended in Nov. 2025 was CHF-221 Mil. It means Adobe's Accounts Receivable increased by CHF221 Mil from Nov. 2024 to Nov. 2025 .

Adobe's Accounts Receivable for the quarter that ended in May. 2026 was CHF1,561 Mil.

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 Receivable are being managed. Adobe's Days Sales Outstanding for the three months ended in May. 2026 was 27.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Adobe's liquidation value for the three months ended in May. 2026 was CHF-8,848 Mil.

Adobe  (XSWX:ADBE) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 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 Receivable are being managed.

Adobe's Days Sales Outstanding for the quarter that ended in May. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1561.316/5184.541*91
=27.48

2. In Ben Graham's calculation of liquidation value, Adobe's accounts receivable are only considered to be worth 75% of book value:

Adobe's liquidation value for the quarter that ended in May. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=4407.408-14426.311+0.75 * 1561.316+0.5 * 0
=-8,848

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Adobe Change In Receivables Related Terms

Adobe Change In Receivables Historical Data

* Premium members only.

The historical data trend for Adobe's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Adobe Change In Receivables Chart

Adobe Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -396.16 -191.27 -141.54 125.97 -221.02

Adobe Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Change In Receivables Get a 7-Day Free Trial 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 196.69 -289.28 -200.93 194.77 90.87
XSWX:ADBE
82GF Score
Adobe Inc XSWX:ADBE
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adobe Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-205 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of CHF-205 Mil mean?
Adobe (XSWX:ADBE) has a Change In Receivables of CHF-205 Mil as of May. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Adobe and its competitors.
Is Adobe's Change In Receivables too high?
Adobe's current Change In Receivables is CHF-205 Mil. Overall, Adobe has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Adobe's Change In Receivables compare to DDOG and SNOW?
Adobe's Change In Receivables of CHF-205 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Software company?
A good Change In Receivables depends on the Software industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Adobe and its competitors. Adobe's current Change In Receivables is CHF-205 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adobe stock overvalued right now?
Adobe (XSWX:ADBE) has a current Change In Receivables of CHF-205 Mil. The stock's GF Value™ is CHF484.77, compared to a current price of CHF181.34 — trading 62.6% below its estimated fair value. The current Change In Receivables is CHF-205 Mil. Adobe's overall GF Score™ is 82/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Adobe (XSWX:ADBE), the current Change In Receivables is CHF-205 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Adobe (XSWX:ADBE) Overvalued in 2026?

Based on GuruFocus' analysis, Adobe stock appears to be undervalued. The current stock price of CHF181.34 is trading 62.6% below its estimated GF Value™ of CHF484.77.

Key valuation signals for XSWX:ADBE:

  • Change In Receivables: CHF-205 Mil
  • GF Value™: CHF484.77 vs. price of CHF181.34 (62.6% below fair value)
  • GF Score™: 82/100

No single metric tells the full story. See the XSWX:ADBE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Adobe Business Description

Address 345 Park Avenue, San Jose, CA, USA, 95110-2704
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
82GF Score

Get the complete analysis for XSWX:ADBE

Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF181.34
Price
CHF484.77
GF Value