Adobe Systems Incorporated (ADBE)

Payables turnover

		Nov 30, 2024	Nov 29, 2024	Dec 1, 2023	Nov 30, 2023	Dec 2, 2022
Cost of revenue	US$ in thousands	2,358,000	2,358,000	2,354,000	2,354,000	2,165,000
Payables	US$ in thousands	—	361,000	314,000	—	379,000
Payables turnover		—	6.53	7.50	—	5.71

November 30, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $2,358,000K ÷ $—K
= —

The payables turnover ratio is a measure of how efficiently a company manages its accounts payable. For Adobe Systems Incorporated, the payables turnover ratio has shown some fluctuations over the years. In December 2022, the payables turnover was 5.71, indicating that Adobe took approximately 5.71 times to pay off its suppliers during that period.

In November 2023, the payables turnover ratio data is unavailable (denoted by a dash symbol). However, in December 2023, the ratio improved significantly to 7.50, suggesting that Adobe was able to settle its accounts payable at a faster rate.

Subsequently, in November 2024, the payables turnover ratio decreased to 6.53, reflecting a slight decrease in the speed at which Adobe settled its payables compared to the previous year. The data for November 30, 2024, is unavailable (denoted by a dash symbol).

Overall, the trend in the payables turnover ratio for Adobe Systems Incorporated indicates fluctuations in the efficiency of managing its accounts payable. It is crucial for investors and stakeholders to monitor these changes to assess the company's liquidity and financial health.