Adobe Systems Incorporated (ADBE)

Number of days of payables

		Nov 29, 2024	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020
Payables turnover		6.53	7.50	5.71	5.98	5.63
Number of days of payables	days	55.88	48.69	63.90	61.06	64.86

November 29, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.53
= 55.88

Based on the data provided, the number of days of payables for Adobe Systems Incorporated has shown some fluctuations over the past five years.

As of November 27, 2020, the company took approximately 64.86 days to pay its suppliers. This decreased to around 61.06 days by December 3, 2021. The number of days of payables then increased to about 63.90 days by December 2, 2022. Subsequently, there was a notable decrease in the number of days of payables to approximately 48.69 days by December 1, 2023. Finally, by November 29, 2024, the number of days of payables increased again to around 55.88 days.

Overall, the trend in the number of days of payables for Adobe Systems Incorporated has shown some fluctuations, with the company taking varying amounts of time to pay its suppliers over the five-year period. These fluctuations may indicate changes in the company's payment practices, supplier relationships, or overall financial performance.