Adobe Systems Incorporated (ADBE)

Receivables turnover

		Nov 29, 2024	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020
Revenue	US$ in thousands	21,505,000	19,409,000	17,606,000	15,785,000	12,868,000
Receivables	US$ in thousands	2,072,000	2,224,000	2,070,000	1,878,000	1,398,000
Receivables turnover		10.38	8.73	8.51	8.41	9.20

November 29, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $21,505,000K ÷ $2,072,000K
= 10.38

Adobe Systems Incorporated's receivables turnover has shown some fluctuations over the years. The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers.

- In November 27, 2020, the receivables turnover ratio was 9.20, indicating that Adobe was able to convert its accounts receivable into cash 9.20 times during that year.
- The ratio decreased slightly to 8.41 by December 3, 2021, suggesting a potential slowdown in collections efficiency.
- However, by the end of December 2, 2022, the ratio improved to 8.51, reflecting a better ability to collect outstanding payments from customers.
- The trend continued to demonstrate a positive trajectory, with the ratio reaching 8.73 as of December 1, 2023, indicating a further enhancement in receivables management.
- Finally, by November 29, 2024, the receivables turnover ratio significantly increased to 10.38, signifying that Adobe was able to convert its accounts receivable into cash 10.38 times during that period, showing significant improvement in efficiency.

Overall, the trend in Adobe's receivables turnover suggests a general improvement in the company's ability to efficiently collect payments from its customers over the years.