Adobe Inc. (ADBE)


Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Low level of difficulty


Short-term Activity Ratios (Summary)

Adobe Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 30, 2019 May 31, 2019 Mar 1, 2019 Nov 30, 2018 Aug 31, 2018 Jun 1, 2018 Mar 2, 2018 Dec 1, 2017 Sep 1, 2017 Jun 2, 2017 Mar 3, 2017 Dec 2, 2016 Sep 2, 2016 Jun 3, 2016 Mar 4, 2016 Nov 27, 2015 Aug 28, 2015 May 29, 2015 Feb 27, 2015 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013
Turnover Ratios
Receivables turnover 7.76 7.94 7.12 6.86 8.21 7.56 7.24 5.99 6.86 7.24 7.23 7.03 7.59 7.96 8.46 7.14 7.69 8.65 7.99 7.01 7.79 7.72 7.93 6.76
Payables turnover 8.45 8.63 9.18 6.42 7.60 9.16 7.87 8.90 10.59 11.50 4.48 9.31 9.64 10.49 10.82 7.98 10.08 11.86 8.93 9.10 11.32 10.90 8.97 9.45
Working capital turnover 16.24 3.42 2.02 1.95 1.96 2.05 2.17 2.20 1.93 1.91 1.86 1.88 1.84 1.85 1.94 1.95 1.97 2.02 2.16 2.21 1.61
Average No. Days
Average receivable collection period 47 46 51 53 44 48 50 61 53 50 50 52 48 46 43 51 47 42 46 52 47 47 46 54
Average payables payment period 43 42 40 57 48 40 46 41 34 32 81 39 38 35 34 46 36 31 41 40 32 33 41 39

Based on: 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28), 10-K (filing date: 2014-01-21), 10-Q (filing date: 2013-10-03), 10-Q (filing date: 2013-06-28), 10-Q (filing date: 2013-03-28).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Adobe Inc.’s payables turnover ratio declined from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Working capital turnover An activity ratio calculated as revenue divided by working capital.

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.
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.’s number of days of payables outstanding increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Receivables Turnover

Adobe Inc., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 30, 2019 May 31, 2019 Mar 1, 2019 Nov 30, 2018 Aug 31, 2018 Jun 1, 2018 Mar 2, 2018 Dec 1, 2017 Sep 1, 2017 Jun 2, 2017 Mar 3, 2017 Dec 2, 2016 Sep 2, 2016 Jun 3, 2016 Mar 4, 2016 Nov 27, 2015 Aug 28, 2015 May 29, 2015 Feb 27, 2015 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013
Selected Financial Data (US$ in thousands)
Revenue 2,834,126  2,744,280  2,600,946  2,464,625  2,291,076  2,195,360  2,078,947  2,006,595  1,841,074  1,772,190  1,681,646  1,608,419  1,463,967  1,398,709  1,383,335  1,306,404  1,217,768  1,162,158  1,109,181  1,073,328  1,005,409  1,068,208  1,000,120  1,041,699  995,119  1,010,549  1,007,873 
Trade receivables, net of allowances for doubtful accounts 1,371,697  1,272,668  1,342,343  1,315,578  1,044,507  1,074,877  1,062,690  1,217,968  1,006,187  901,452  850,840  833,033  731,166  666,736  599,207  672,006  593,554  502,617  532,427  591,800  528,331  531,557  510,507  599,820  522,409  470,052  485,801 
Short-term Activity Ratio
Receivables turnover1 7.76 7.94 7.12 6.86 8.21 7.56 7.24 5.99 6.86 7.24 7.23 7.03 7.59 7.96 8.46 7.14 7.69 8.65 7.99 7.01 7.79 7.72 7.93 6.76
Benchmarks
Receivables Turnover, Competitors2
Alphabet Inc. 7.42 7.07 7.42 6.57 7.26 7.27 6.99 6.05 6.84 7.09 7.34 6.39 7.14 7.00 7.21 6.49 7.36 7.41 7.90 7.03
Facebook Inc. 8.67 8.33 9.10 7.36 8.57 8.68 8.72 6.97 8.25 8.51 8.87 6.92 8.04 7.91 8.42 7.01 7.93 8.07 8.96 7.43
International Business Machines Corp. 11.42 10.50 11.26 10.71 11.37 10.85 10.29 8.86 9.62 9.34 9.48 8.70 9.67 9.14 9.48 9.81 10.49 10.07 10.24 10.21
Intuit Inc. 25.87 11.61 79.14 60.86 18.83 10.21 45.56 50.26 20.77 9.31 39.33 43.46 21.66 8.72 34.62 46.07 20.05 9.72 32.11 33.63
Microsoft Corp. 6.34 6.02 6.61 4.17 6.02 5.36 6.46 4.54 6.77 5.97 7.67 4.67 7.09 6.07 7.93 5.23 7.63 5.77 7.10 4.44
Oracle Corp. 9.92 10.01 10.68 7.55 10.12 10.24 10.67 7.12 10.06 10.09 10.92 6.88 9.67 9.47 10.96 6.80 9.30 8.97 10.84 6.29
salesforce.com inc. 6.15 5.97 6.30 2.68 6.53 5.98 6.16 2.63 6.17 5.65 5.93 2.67 5.94 5.59 6.11 2.82 6.39 5.71 6.44 2.99

Based on: 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28), 10-K (filing date: 2014-01-21), 10-Q (filing date: 2013-10-03), 10-Q (filing date: 2013-06-28), 10-Q (filing date: 2013-03-28).

1 Q3 2019 Calculation
Receivables turnover = (RevenueQ3 2019 + RevenueQ2 2019 + RevenueQ1 2019 + RevenueQ4 2018) ÷ Trade receivables, net of allowances for doubtful accounts
= (2,834,126 + 2,744,280 + 2,600,946 + 2,464,625) ÷ 1,371,697 = 7.76

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.

Payables Turnover

Adobe Inc., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 30, 2019 May 31, 2019 Mar 1, 2019 Nov 30, 2018 Aug 31, 2018 Jun 1, 2018 Mar 2, 2018 Dec 1, 2017 Sep 1, 2017 Jun 2, 2017 Mar 3, 2017 Dec 2, 2016 Sep 2, 2016 Jun 3, 2016 Mar 4, 2016 Nov 27, 2015 Aug 28, 2015 May 29, 2015 Feb 27, 2015 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013
Selected Financial Data (US$ in thousands)
Cost of revenue 415,963  407,488  397,286  359,261  295,492  281,344  258,902  270,872  262,922  239,360  237,337  216,556  202,701  202,079  198,572  201,361  190,985  185,173  166,798  160,943  157,724  154,904  148,509  147,516  147,076  135,281  156,684 
Trade payables 186,999  169,101  145,292  186,258  145,566  117,194  131,090  113,538  90,327  77,905  191,484  88,024  83,444  75,582  71,706  93,307  69,823  56,539  71,670  68,377  53,791  54,858  64,508  62,096  71,070  53,685  72,725 
Short-term Activity Ratio
Payables turnover1 8.45 8.63 9.18 6.42 7.60 9.16 7.87 8.90 10.59 11.50 4.48 9.31 9.64 10.49 10.82 7.98 10.08 11.86 8.93 9.10 11.32 10.90 8.97 9.45
Benchmarks
Payables Turnover, Competitors2
Alphabet Inc. 16.61 16.69 16.74 13.60 14.75 15.66 13.97 14.53 15.70 15.89 16.17 17.22 15.02 18.07 17.67 14.59 17.36 20.19 15.45 14.98
Facebook Inc. 14.04 17.31 16.96 11.41 13.85 17.18 10.49 14.35 12.77 13.72 24.18 12.55 13.72 25.38 20.48 14.63 18.09 18.27 18.18 12.23
International Business Machines Corp. 10.16 8.75 7.35 6.50 8.04 7.91 7.56 6.65 7.74 8.19 7.89 6.70 7.85 7.48 7.72 6.81 8.06 7.29 7.11 6.76
Intuit Inc. 2.92 2.67 4.92 5.49 2.86 2.51 3.74 5.15 2.96 3.01 4.66 4.09 2.80 2.60 4.11 3.82 2.55 2.55 3.45 4.15
Microsoft Corp. 5.60 5.47 4.70 4.45 4.86 4.57 5.05 4.64 5.43 5.08 5.31 4.75 4.77 4.57 4.82 5.01 4.96 4.62 4.46 3.64
Oracle Corp. 13.45 13.86 15.37 15.28 13.11 14.07 12.86 12.47 15.39 11.95 13.44 14.84 18.52 18.45 18.25 9.34 11.84 14.87 17.01 15.36

Based on: 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28), 10-K (filing date: 2014-01-21), 10-Q (filing date: 2013-10-03), 10-Q (filing date: 2013-06-28), 10-Q (filing date: 2013-03-28).

1 Q3 2019 Calculation
Payables turnover = (Cost of revenueQ3 2019 + Cost of revenueQ2 2019 + Cost of revenueQ1 2019 + Cost of revenueQ4 2018) ÷ Trade payables
= (415,963 + 407,488 + 397,286 + 359,261) ÷ 186,999 = 8.45

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.’s payables turnover ratio declined from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.

Working Capital Turnover

Adobe Inc., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 30, 2019 May 31, 2019 Mar 1, 2019 Nov 30, 2018 Aug 31, 2018 Jun 1, 2018 Mar 2, 2018 Dec 1, 2017 Sep 1, 2017 Jun 2, 2017 Mar 3, 2017 Dec 2, 2016 Sep 2, 2016 Jun 3, 2016 Mar 4, 2016 Nov 27, 2015 Aug 28, 2015 May 29, 2015 Feb 27, 2015 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013
Selected Financial Data (US$ in thousands)
Current assets 5,750,096  5,342,645  5,133,715  4,857,039  6,300,913  7,741,444  7,480,814  7,247,813  6,581,057  6,052,197  5,755,562  5,839,774  5,418,710  5,238,564  4,935,390  4,821,892  4,525,888  4,178,397  3,972,159  4,602,328  4,279,468  4,114,343  3,942,391  4,045,929  3,886,124  4,557,657  4,373,083 
Less: Current liabilities 7,802,966  7,687,097  5,313,736  4,301,126  3,792,027  3,728,956  3,536,469  3,527,457  3,216,144  3,047,896  2,954,069  2,811,635  2,505,666  2,385,590  2,231,806  2,213,556  2,060,814  1,937,033  1,788,160  2,494,435  2,245,248  2,217,972  2,112,347  1,525,648  1,329,117  1,264,855  1,264,323 
Working capital (2,052,870) (2,344,452) (180,021) 555,913  2,508,886  4,012,488  3,944,345  3,720,356  3,364,913  3,004,301  2,801,493  3,028,139  2,913,044  2,852,974  2,703,584  2,608,336  2,465,074  2,241,364  2,183,999  2,107,893  2,034,220  1,896,371  1,830,044  2,520,281  2,557,007  3,292,802  3,108,760 
 
Revenue 2,834,126  2,744,280  2,600,946  2,464,625  2,291,076  2,195,360  2,078,947  2,006,595  1,841,074  1,772,190  1,681,646  1,608,419  1,463,967  1,398,709  1,383,335  1,306,404  1,217,768  1,162,158  1,109,181  1,073,328  1,005,409  1,068,208  1,000,120  1,041,699  995,119  1,010,549  1,007,873 
Short-term Activity Ratio
Working capital turnover1 16.24 3.42 2.02 1.95 1.96 2.05 2.17 2.20 1.93 1.91 1.86 1.88 1.84 1.85 1.94 1.95 1.97 2.02 2.16 2.21 1.61
Benchmarks
Working Capital Turnover, Competitors2
Alphabet Inc. 1.42 1.34 1.37 1.35 1.32 1.31 1.19 1.11 1.06 1.06 1.01 1.02 1.02 1.06 1.06 1.06 1.03 1.04 1.03 1.03
Facebook Inc. 1.36 1.39 1.36 1.28 1.19 1.07 0.98 0.91 0.89 0.88 0.89 0.88 0.89 0.89 0.90 0.91 0.92 0.97 1.02 1.02
International Business Machines Corp. 25.25 2.21 5.69 7.29 7.03 7.11 5.98 6.40 6.01 8.67 12.39 10.50 11.48 8.08 6.24 9.93 10.00 9.01 8.44 9.45
Intuit Inc. 3.46 10.00 9.43 20.71 40.97 5.14 5.68 9.52 4.17 3.76
Microsoft Corp. 1.15 1.11 1.06 0.99 0.94 0.90 0.86 0.94 0.93 1.16 0.86 1.06 1.03 1.03 1.26 1.25 1.22 1.36 1.35 1.27
Oracle Corp. 1.34 1.09 0.84 0.70 0.66 0.62 0.72 0.75 0.75 0.77 0.63 0.79 0.82 0.84 0.81 0.80 1.04 0.97 0.86 1.13
salesforce.com inc. 4.92

Based on: 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28), 10-K (filing date: 2014-01-21), 10-Q (filing date: 2013-10-03), 10-Q (filing date: 2013-06-28), 10-Q (filing date: 2013-03-28).

1 Q3 2019 Calculation
Working capital turnover = (RevenueQ3 2019 + RevenueQ2 2019 + RevenueQ1 2019 + RevenueQ4 2018) ÷ Working capital
= (2,834,126 + 2,744,280 + 2,600,946 + 2,464,625) ÷ -2,052,870 =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital.

Average Receivable Collection Period

Adobe Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 30, 2019 May 31, 2019 Mar 1, 2019 Nov 30, 2018 Aug 31, 2018 Jun 1, 2018 Mar 2, 2018 Dec 1, 2017 Sep 1, 2017 Jun 2, 2017 Mar 3, 2017 Dec 2, 2016 Sep 2, 2016 Jun 3, 2016 Mar 4, 2016 Nov 27, 2015 Aug 28, 2015 May 29, 2015 Feb 27, 2015 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013
Selected Financial Data
Receivables turnover 7.76 7.94 7.12 6.86 8.21 7.56 7.24 5.99 6.86 7.24 7.23 7.03 7.59 7.96 8.46 7.14 7.69 8.65 7.99 7.01 7.79 7.72 7.93 6.76
Short-term Activity Ratio (no. days)
Average receivable collection period1 47 46 51 53 44 48 50 61 53 50 50 52 48 46 43 51 47 42 46 52 47 47 46 54
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Alphabet Inc. 49 52 49 56 50 50 52 60 53 51 50 57 51 52 51 56 50 49 46 52
Facebook Inc. 42 44 40 50 43 42 42 52 44 43 41 53 45 46 43 52 46 45 41 49
International Business Machines Corp. 32 35 32 34 32 34 35 41 38 39 39 42 38 40 39 37 35 36 36 36
Intuit Inc. 14 31 5 6 19 36 8 7 18 39 9 8 17 42 11 8 18 38 11 11
Microsoft Corp. 58 61 55 88 61 68 57 80 54 61 48 78 51 60 46 70 48 63 51 82
Oracle Corp. 37 36 34 48 36 36 34 51 36 36 33 53 38 39 33 54 39 41 34 58
salesforce.com inc. 59 61 58 136 56 61 59 139 59 65 62 137 61 65 60 129 57 64 57 122

Based on: 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28), 10-K (filing date: 2014-01-21), 10-Q (filing date: 2013-10-03), 10-Q (filing date: 2013-06-28), 10-Q (filing date: 2013-03-28).

1 Q3 2019 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 7.76 = 47

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.

Average Payables Payment Period

Adobe Inc., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Aug 30, 2019 May 31, 2019 Mar 1, 2019 Nov 30, 2018 Aug 31, 2018 Jun 1, 2018 Mar 2, 2018 Dec 1, 2017 Sep 1, 2017 Jun 2, 2017 Mar 3, 2017 Dec 2, 2016 Sep 2, 2016 Jun 3, 2016 Mar 4, 2016 Nov 27, 2015 Aug 28, 2015 May 29, 2015 Feb 27, 2015 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013
Selected Financial Data
Payables turnover 8.45 8.63 9.18 6.42 7.60 9.16 7.87 8.90 10.59 11.50 4.48 9.31 9.64 10.49 10.82 7.98 10.08 11.86 8.93 9.10 11.32 10.90 8.97 9.45
Short-term Activity Ratio (no. days)
Average payables payment period1 43 42 40 57 48 40 46 41 34 32 81 39 38 35 34 46 36 31 41 40 32 33 41 39
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Alphabet Inc. 22 22 22 27 25 23 26 25 23 23 23 21 24 20 21 25 21 18 24 24
Facebook Inc. 26 21 22 32 26 21 35 25 29 27 15 29 27 14 18 25 20 20 20 30
International Business Machines Corp. 36 42 50 56 45 46 48 55 47 45 46 54 46 49 47 54 45 50 51 54
Intuit Inc. 125 137 74 66 128 145 98 71 123 121 78 89 130 140 89 96 143 143 106 88
Microsoft Corp. 65 67 78 82 75 80 72 79 67 72 69 77 76 80 76 73 74 79 82 100
Oracle Corp. 27 26 24 24 28 26 28 29 24 31 27 25 20 20 20 39 31 25 21 24

Based on: 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28), 10-K (filing date: 2014-01-21), 10-Q (filing date: 2013-10-03), 10-Q (filing date: 2013-06-28), 10-Q (filing date: 2013-03-28).

1 Q3 2019 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 8.45 = 43

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.’s number of days of payables outstanding increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.