Adobe Systems Incorporated (ADBE)
Total 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 |
| Total assets | US$ in thousands | 29,779,000 | 27,165,000 | 27,241,000 | 24,284,000 | 20,762,000 |
| Total asset turnover | 0.65 | 0.65 | 0.58 | 0.53 | 0.54 |
December 1, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $19,409,000K ÷ $29,779,000K
= 0.65
The total asset turnover ratio for Adobe Inc has ranged between 0.53 and 0.65 over the past five years, indicating the company's ability to generate sales relative to its total assets. The stability of this ratio suggests that Adobe has effectively utilized its assets to generate revenue. This consistency is a positive indication of the company's operational efficiency and effective asset management. However, a slight increase in the ratio could potentially signify improved asset utilization and sales generation in the future.
Peer comparison
Dec 1, 2023
Company name
Symbol
Total asset turnover
Adobe Systems Incorporated
ADBE
0.65
3D Systems Corporation
DDD
0.52
ACI Worldwide Inc
ACIW
0.40
Altair Engineering Inc
ALTR
0.45
ANSYS Inc
ANSS
0.31
Appfolio Inc
APPF
1.53
Autodesk Inc
ADSK
0.55
Blackbaud Inc
BLKB
0.37
Blackline Inc
BL
0.28
Box Inc
BOX
0.84
Cadence Design Systems Inc
CDNS
0.71