Adobe Systems Incorporated (ADBE)
Working capital turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 21,505,000 | 20,947,000 | 20,429,000 | 19,936,000 | 19,409,000 | 18,886,000 | 18,429,000 | 17,999,000 | 17,606,000 | 17,191,000 | 16,693,000 | 16,142,000 | 15,785,000 | 15,099,000 | 14,389,000 | 13,682,000 | 12,868,000 | 12,436,000 | 12,045,000 | 11,661,000 |
| Total current assets | US$ in thousands | 11,232,000 | 10,716,000 | 11,023,000 | 10,008,000 | 11,084,000 | 10,410,000 | 9,274,000 | 8,342,000 | 8,996,000 | 8,489,000 | 7,908,000 | 7,476,000 | 8,669,000 | 8,619,000 | 8,078,000 | 7,384,000 | 8,146,000 | 7,387,000 | 6,649,000 | 6,455,000 |
| Total current liabilities | US$ in thousands | 10,521,000 | 9,644,000 | 9,474,000 | 9,537,000 | 8,251,000 | 8,334,000 | 8,019,000 | 7,437,000 | 8,128,000 | 7,438,000 | 7,385,000 | 7,197,000 | 6,932,000 | 6,191,000 | 6,145,000 | 5,806,000 | 5,512,000 | 5,130,000 | 5,164,000 | 5,228,000 |
| Working capital turnover | 30.25 | 19.54 | 13.19 | 42.33 | 6.85 | 9.10 | 14.68 | 19.89 | 20.28 | 16.36 | 31.92 | 57.86 | 9.09 | 6.22 | 7.44 | 8.67 | 4.89 | 5.51 | 8.11 | 9.50 |
November 29, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $21,505,000K ÷ ($11,232,000K – $10,521,000K)
= 30.25
Adobe Systems Incorporated's working capital turnover has fluctuated over the periods provided. The working capital turnover ratio measures how efficiently the company is utilizing its working capital to generate sales revenue. A higher turnover indicates that the company is managing its working capital effectively.
In the recent quarters, Adobe's working capital turnover has shown a significant improvement, peaking at 57.86 on March 4, 2022. However, it later decreased to 6.85 on December 1, 2023. This sharp decline indicates that the company may have experienced challenges in efficiently converting its working capital into sales during that period.
Overall, Adobe's working capital turnover has demonstrated a volatile pattern, with some quarters showing strong performance and others showing a decline. This fluctuation may be influenced by various factors such as changes in demand, inventory management practices, or payment terms with suppliers and customers. Further analysis of the company's operations and financial strategies would be needed to better understand the reasons behind these fluctuations and to assess the overall effectiveness of Adobe's working capital management.
Peer comparison
Nov 29, 2024
See also:
Adobe Systems Incorporated Working Capital Turnover (Quarterly Data)