Analysis of Short-term (Operating) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
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- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to the Firm (FCFF)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
- Analysis of Property, Plant and Equipment
- Analysis of Goodwill and Intangible Assets
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Short-term Activity Ratios (Summary)
Adobe Inc., short-term (operating) activity ratios
Based on: 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Adobe Inc. receivables turnover ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Adobe Inc. payables turnover ratio decreased from 2019 to 2020 but then slightly increased from 2020 to 2021. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Adobe Inc. number of days of receivables outstanding improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Adobe Inc. number of days of payables outstanding increased from 2019 to 2020 but then slightly decreased from 2020 to 2021. |
Receivables Turnover
Adobe Inc., receivables turnover calculation, comparison to benchmarks
| Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | Dec 1, 2017 | Dec 2, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Revenue | |||||||
| Trade receivables, net of allowances for doubtful accounts | |||||||
| Short-term Activity Ratio | |||||||
| Receivables turnover1 | |||||||
| Benchmarks | |||||||
| Receivables Turnover, Competitors2 | |||||||
| Accenture PLC | |||||||
| Autodesk Inc. | |||||||
| Automatic Data Processing Inc. | |||||||
| Fidelity National Information Services Inc. | |||||||
| Fiserv Inc. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Mastercard Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| PayPal Holdings Inc. | |||||||
| salesforce.com inc. | |||||||
| ServiceNow Inc. | |||||||
| Visa Inc. | |||||||
| Receivables Turnover, Sector | |||||||
| Software & Services | |||||||
| Receivables Turnover, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02).
1 2021 Calculation
Receivables turnover = Revenue ÷ Trade receivables, net of allowances for doubtful accounts
= ÷ =
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Adobe Inc. receivables turnover ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Payables Turnover
Adobe Inc., payables turnover calculation, comparison to benchmarks
| Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | Dec 1, 2017 | Dec 2, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cost of revenue | |||||||
| Trade payables | |||||||
| Short-term Activity Ratio | |||||||
| Payables turnover1 | |||||||
| Benchmarks | |||||||
| Payables Turnover, Competitors2 | |||||||
| Accenture PLC | |||||||
| Autodesk Inc. | |||||||
| Automatic Data Processing Inc. | |||||||
| Fidelity National Information Services Inc. | |||||||
| Fiserv Inc. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Mastercard Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| PayPal Holdings Inc. | |||||||
| salesforce.com inc. | |||||||
| ServiceNow Inc. | |||||||
| Visa Inc. | |||||||
| Payables Turnover, Sector | |||||||
| Software & Services | |||||||
| Payables Turnover, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02).
1 2021 Calculation
Payables turnover = Cost of revenue ÷ Trade payables
= ÷ =
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Adobe Inc. payables turnover ratio decreased from 2019 to 2020 but then slightly increased from 2020 to 2021. |
Working Capital Turnover
Adobe Inc., working capital turnover calculation, comparison to benchmarks
| Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | Dec 1, 2017 | Dec 2, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | |||||||
| Less: Current liabilities | |||||||
| Working capital | |||||||
| Revenue | |||||||
| Short-term Activity Ratio | |||||||
| Working capital turnover1 | |||||||
| Benchmarks | |||||||
| Working Capital Turnover, Competitors2 | |||||||
| Accenture PLC | |||||||
| Autodesk Inc. | |||||||
| Automatic Data Processing Inc. | |||||||
| Fidelity National Information Services Inc. | |||||||
| Fiserv Inc. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Mastercard Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| PayPal Holdings Inc. | |||||||
| salesforce.com inc. | |||||||
| ServiceNow Inc. | |||||||
| Visa Inc. | |||||||
| Working Capital Turnover, Sector | |||||||
| Software & Services | |||||||
| Working Capital Turnover, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02).
1 2021 Calculation
Working capital turnover = Revenue ÷ Working capital
= ÷ =
2 Click competitor name to see calculations.
Average Receivable Collection Period
Adobe Inc., average receivable collection period calculation, comparison to benchmarks
| Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | Dec 1, 2017 | Dec 2, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Receivables turnover | |||||||
| Short-term Activity Ratio (no. days) | |||||||
| Average receivable collection period1 | |||||||
| Benchmarks (no. days) | |||||||
| Average Receivable Collection Period, Competitors2 | |||||||
| Accenture PLC | |||||||
| Autodesk Inc. | |||||||
| Automatic Data Processing Inc. | |||||||
| Fidelity National Information Services Inc. | |||||||
| Fiserv Inc. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Mastercard Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| PayPal Holdings Inc. | |||||||
| salesforce.com inc. | |||||||
| ServiceNow Inc. | |||||||
| Visa Inc. | |||||||
| Average Receivable Collection Period, Sector | |||||||
| Software & Services | |||||||
| Average Receivable Collection Period, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02).
1 2021 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Adobe Inc. number of days of receivables outstanding improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Average Payables Payment Period
Adobe Inc., average payables payment period calculation, comparison to benchmarks
| Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | Dec 1, 2017 | Dec 2, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Payables turnover | |||||||
| Short-term Activity Ratio (no. days) | |||||||
| Average payables payment period1 | |||||||
| Benchmarks (no. days) | |||||||
| Average Payables Payment Period, Competitors2 | |||||||
| Accenture PLC | |||||||
| Autodesk Inc. | |||||||
| Automatic Data Processing Inc. | |||||||
| Fidelity National Information Services Inc. | |||||||
| Fiserv Inc. | |||||||
| International Business Machines Corp. | |||||||
| Intuit Inc. | |||||||
| Mastercard Inc. | |||||||
| Microsoft Corp. | |||||||
| Oracle Corp. | |||||||
| PayPal Holdings Inc. | |||||||
| salesforce.com inc. | |||||||
| ServiceNow Inc. | |||||||
| Visa Inc. | |||||||
| Average Payables Payment Period, Sector | |||||||
| Software & Services | |||||||
| Average Payables Payment Period, Industry | |||||||
| Information Technology | |||||||
Based on: 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02).
1 2021 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Adobe Inc. number of days of payables outstanding increased from 2019 to 2020 but then slightly decreased from 2020 to 2021. |