Adobe Systems Incorporated (ADBE)
Total 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 |
| Total assets | US$ in thousands | 30,230,000 | 30,230,000 | 29,779,000 | 29,779,000 | 27,165,000 |
| Total asset turnover | 0.71 | 0.71 | 0.65 | 0.65 | 0.65 |
November 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $21,505,000K ÷ $30,230,000K
= 0.71
Adobe Systems Incorporated's total asset turnover ratio has remained relatively stable over the past few years, at around 0.65. This ratio indicates that for each dollar of total assets Adobe has, it generates approximately $0.65 of revenue.
However, there was a slight improvement in the total asset turnover ratio in November and December of 2024, increasing to 0.71. This suggests that Adobe was able to generate more revenue for each dollar of assets during this period.
Overall, a total asset turnover ratio of around 0.65 to 0.71 indicates that Adobe is efficiently utilizing its assets to generate revenue. Investors and stakeholders may view this consistency positively as it reflects the company's ability to generate sales relative to its asset base.
Peer comparison
Nov 30, 2024