Adobe Systems Incorporated (ADBE)
Fixed asset turnover
| Nov 29, 2024 | Aug 30, 2024 | May 31, 2024 | Mar 1, 2024 | Dec 1, 2023 | Sep 1, 2023 | Jun 2, 2023 | Mar 3, 2023 | Dec 2, 2022 | Sep 2, 2022 | Jun 3, 2022 | Mar 4, 2022 | Dec 3, 2021 | Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 21,505,000 | 20,947,000 | 20,429,000 | 19,936,000 | 19,409,000 | 18,886,000 | 18,429,000 | 17,999,000 | 17,606,000 | 17,191,000 | 16,693,000 | 16,142,000 | 15,785,000 | 15,099,000 | 14,389,000 | 13,682,000 | 12,868,000 | 12,436,000 | 12,045,000 | 11,661,000 |
| Property, plant and equipment | US$ in thousands | 1,936,000 | 1,969,000 | 1,969,000 | 1,988,000 | 2,030,000 | 2,036,000 | 2,032,000 | 1,967,000 | 1,908,000 | 1,858,000 | 1,790,000 | 1,703,000 | 1,673,000 | 1,629,000 | 1,573,000 | 1,530,000 | 1,517,000 | 1,467,000 | 1,387,000 | 1,340,000 |
| Fixed asset turnover | 11.11 | 10.64 | 10.38 | 10.03 | 9.56 | 9.28 | 9.07 | 9.15 | 9.23 | 9.25 | 9.33 | 9.48 | 9.44 | 9.27 | 9.15 | 8.94 | 8.48 | 8.48 | 8.68 | 8.70 |
November 29, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $21,505,000K ÷ $1,936,000K
= 11.11
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. Calculated by dividing net sales by average fixed assets, a higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate revenue.
Analyzing Adobe Systems Incorporated's fixed asset turnover reveals a consistent and positive trend over the reported periods. The ratio improved steadily from 8.70 on February 28, 2020, to 11.11 on November 29, 2024. This signifies that Adobe is becoming more efficient in generating revenue from its investment in fixed assets.
The ratio experienced slight fluctuations during some periods but overall shows an upward trajectory, reflecting effective management of fixed assets to drive sales growth. The increasing trend indicates that Adobe is utilizing its fixed assets efficiently to generate higher sales revenue over time, which could potentially lead to improved profitability and investor confidence.
Peer comparison
Nov 29, 2024
See also:
Adobe Systems Incorporated Net Fixed Asset Turnover (Quarterly Data)