Adobe Systems Incorporated (ADBE)

Fixed asset turnover

		Nov 30, 2024	Nov 29, 2024	Dec 1, 2023	Nov 30, 2023	Dec 2, 2022
Revenue	US$ in thousands	21,505,000	21,505,000	19,409,000	19,409,000	17,606,000
Property, plant and equipment	US$ in thousands	—	1,936,000	2,030,000	—	1,908,000
Fixed asset turnover		—	11.11	9.56	—	9.23

November 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $21,505,000K ÷ $—K
= —

The fixed asset turnover ratio for Adobe Systems Incorporated shows a positive trend over the years analyzed. In December 2022, the fixed asset turnover was 9.23, indicating that the company generated $9.23 in sales for every dollar invested in fixed assets. The ratio was not available for November 30, 2023, but it improved to 9.56 by December 1, 2023. This upward movement continued, reaching 11.11 by November 29, 2024, reflecting a more efficient utilization of fixed assets to generate sales. The lack of data for November 30, 2024, makes it challenging to assess the trend for that specific period. Overall, the increasing trend in fixed asset turnover indicates that Adobe Systems is effectively leveraging its fixed assets to generate revenue, which can be a positive sign of operational efficiency and effective asset management.