Adobe Systems Incorporated (ADBE)

Number of days of payables

		Mar 1, 2024	Dec 1, 2023	Sep 1, 2023	Mar 3, 2023	Dec 2, 2022	Sep 2, 2022	Jun 3, 2022	Mar 4, 2022	Dec 3, 2021	Sep 3, 2021	Jun 4, 2021	Mar 5, 2021	Nov 27, 2020	Aug 28, 2020	May 29, 2020	Feb 28, 2020	Nov 29, 2019	Aug 30, 2019	May 31, 2019	Mar 1, 2019
Payables turnover		7.91	7.48	7.20	7.21	5.71	6.66	5.53	6.54	5.98	5.40	5.60	6.76	5.63	7.62	6.00	6.52	8.00	8.45	8.63	9.18
Number of days of payables	days	46.16	48.77	50.67	50.62	63.90	54.82	65.97	55.79	61.06	67.65	65.22	54.00	64.86	47.87	60.80	56.01	45.62	43.22	42.31	39.78

March 1, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.91
= 46.16

The analysis of Adobe Systems Incorporated's number of days of payables reveals fluctuations over the past few years. The company's number of days of payables has ranged from as low as 39.78 days to as high as 67.65 days. Overall, there appears to be some variability in how quickly Adobe pays its suppliers.

In recent periods, the number of days of payables has been trending slightly downwards, indicating that Adobe may be paying its bills more quickly. This could be a strategic move to maintain good relationships with suppliers or to take advantage of potential discounts for early payments.

However, it is important to note that the number of days of payables can be influenced by various factors such as industry norms, cash flow management, and supplier relationships. It is crucial for Adobe to carefully monitor and manage its payables to ensure optimal working capital management.