Adobe Systems Incorporated (ADBE)
Fixed asset turnover
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 19,409,000 | 17,606,000 | 15,785,000 | 12,868,000 | 11,171,000 |
| Property, plant and equipment | US$ in thousands | 2,030,000 | 1,908,000 | 1,673,000 | 1,517,000 | 1,293,000 |
| Fixed asset turnover | 9.56 | 9.23 | 9.44 | 8.48 | 8.64 |
December 1, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $19,409,000K ÷ $2,030,000K
= 9.56
The fixed asset turnover ratio measures how effectively a company utilizes its fixed assets to generate sales. A higher ratio indicates more efficient utilization of fixed assets.
Looking at the trend for Adobe Inc over the past five years, the fixed asset turnover has consistently been relatively high, ranging between 8.48 to 9.56. This suggests that Adobe has been effectively using its fixed assets to generate sales.
The increase in fixed asset turnover from 8.48 in 2019 to 9.56 in 2023 indicates an improvement in the company's efficiency in using its fixed assets to generate sales.
Overall, the trend in Adobe's fixed asset turnover ratio reflects a strong and efficient utilization of fixed assets to generate sales over the past five years.
Peer comparison
Dec 1, 2023