Adobe Inc. (ADBE)
Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Low level of difficulty
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Adobe Inc., short-term (operating) activity ratios (quarterly data)
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)
| 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)
| 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)
| 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)
| 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)
| 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. |