Adobe Systems Incorporated (ADBE)
Fixed asset turnover
| Nov 29, 2024 | Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 21,505,000 | 19,409,000 | 17,606,000 | 15,785,000 | 12,868,000 |
| Property, plant and equipment | US$ in thousands | 1,936,000 | 2,030,000 | 1,908,000 | 1,673,000 | 1,517,000 |
| Fixed asset turnover | 11.11 | 9.56 | 9.23 | 9.44 | 8.48 |
November 29, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $21,505,000K ÷ $1,936,000K
= 11.11
The fixed asset turnover ratio for Adobe Systems Incorporated has shown a consistent improvement over the years, indicating the company's effective utilization of its fixed assets to generate revenue. The ratio has increased from 8.48 in November 27, 2020, to 11.11 in November 29, 2024.
This trend suggests that Adobe has been able to generate more revenue per dollar of fixed assets invested, highlighting the company's operational efficiency and asset management effectiveness. The steady improvement in the fixed asset turnover ratio reflects Adobe's ability to efficiently deploy its fixed assets to drive sales growth and ultimately enhance shareholder value.
Overall, the increasing trend in the fixed asset turnover ratio indicates a positive performance in capital utilization and operational effectiveness for Adobe Systems Incorporated.
Peer comparison
Nov 29, 2024