Adobe Systems Incorporated (ADBE)

Number of days of payables

		Nov 29, 2024	Aug 30, 2024	May 31, 2024	Mar 1, 2024	Dec 1, 2023	Sep 1, 2023	Jun 2, 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
Payables turnover		6.53	7.47	6.73	7.92	7.50	7.29	6.51	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
Number of days of payables	days	55.88	48.85	54.25	46.09	48.69	50.09	56.03	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

November 29, 2024 calculation

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

The number of days of payables for Adobe Systems Incorporated has shown some fluctuations over the past few years, ranging from a low of 46.09 days on March 1, 2024, to a high of 67.65 days on September 3, 2021. This metric measures how long it takes for the company to pay off its accounts payable obligations.

Analyzing the trend, we observe that the number of days of payables has generally been within a range between 47 days and 67 days, indicating that Adobe typically takes around 1.5 to 2.2 months to settle its payables. A lower number of days of payables suggests that the company is paying its suppliers more quickly, potentially improving relationships but possibly impacting cash flow. Conversely, a higher number of days of payables may indicate that Adobe is taking longer to settle its accounts payable, which can be advantageous for cash flow management but may strain relationships with suppliers.

Overall, the number of days of payables for Adobe Systems Incorporated appears to be fluctuating within a reasonable range, reflecting a balance between managing cash flow effectively and maintaining good relationships with suppliers.