Adobe Systems Incorporated (ADBE)

Fixed asset turnover

		Feb 28, 2025	Nov 30, 2024	Nov 29, 2024	Aug 31, 2024	Aug 30, 2024	May 31, 2024	Mar 1, 2024	Feb 29, 2024	Dec 1, 2023	Nov 30, 2023	Sep 1, 2023	Aug 31, 2023	Jun 2, 2023	May 31, 2023	Mar 3, 2023	Feb 28, 2023	Dec 2, 2022	Nov 30, 2022	Sep 2, 2022	Aug 31, 2022
Revenue (ttm)	US$ in thousands	22,334,000	22,028,000	21,731,000	21,307,000	21,081,000	20,721,000	20,460,000	20,168,000	19,876,000	19,644,000	19,412,000	19,177,000	18,942,000	18,651,000	18,360,000	18,138,000	17,916,000	17,777,000	17,638,000	17,467,000
Property, plant and equipment	US$ in thousands	—	—	1,936,000	—	1,969,000	—	1,988,000	—	2,030,000	—	2,036,000	2,409,000	2,032,000	2,032,000	1,967,000	2,369,000	1,908,000	1,908,000	1,858,000	2,272,000
Fixed asset turnover		—	—	11.22	—	10.71	—	10.29	—	9.79	—	9.53	7.96	9.32	9.18	9.33	7.66	9.39	9.32	9.49	7.69

February 28, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $22,334,000K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investments in fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that a company is efficiently utilizing its fixed assets to generate sales.

Looking at the data provided for Adobe Systems Incorporated, we can observe fluctuations in the fixed asset turnover ratio over the specified periods. The ratio ranged from a low of 7.66 to a high of 11.22 during the period.

In general, the trend shows that Adobe has been effectively utilizing its fixed assets to generate revenue. The company experienced some peaks and valleys in the fixed asset turnover ratio, indicating fluctuations in its asset utilization efficiency. However, the overall trend seems to be positive, with the ratio generally staying above 9. This suggests that Adobe has been able to efficiently generate sales from its investment in fixed assets.

It is worth noting that there are a few instances where the data is missing (denoted by "\u2014"), which could indicate gaps in the data collection or reporting. Therefore, it is essential to consider the completeness of the data when analyzing the fixed asset turnover ratio for Adobe Systems Incorporated.

In conclusion, based on the data provided, Adobe Systems Incorporated has shown a generally positive trend in terms of its fixed asset turnover, indicating efficient utilization of its fixed assets to generate sales.