Adobe Systems Incorporated (ADBE)

Receivables turnover

		Nov 30, 2024	Nov 29, 2024	Dec 1, 2023	Nov 30, 2023	Dec 2, 2022
Revenue	US$ in thousands	21,505,000	21,505,000	19,409,000	19,409,000	17,606,000
Receivables	US$ in thousands	—	2,072,000	2,224,000	—	2,070,000
Receivables turnover		—	10.38	8.73	—	8.51

November 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $21,505,000K ÷ $—K
= —

The receivables turnover ratio for Adobe Systems Incorporated has shown fluctuations over the past few years. In December 2, 2022, the receivables turnover ratio was 8.51, indicating that the company collected its accounts receivable approximately 8.51 times during that period. However, there is missing data for November 30, 2023.

The receivables turnover ratio improved to 8.73 by December 1, 2023, suggesting that Adobe was able to collect its receivables slightly more efficiently. Subsequently, in November 29, 2024, the ratio increased significantly to 10.38, indicating an improvement in the company's ability to convert receivables into cash.

Overall, Adobe Systems Incorporated seems to have managed its accounts receivable effectively, with an increasing trend in receivables turnover ratio over the analyzed period, which generally signifies efficient credit management and collection practices. However, the missing data point for November 30, 2023, prevents a complete picture of the company's receivables turnover performance for that specific period.