Adobe Systems Incorporated (ADBE)
Total 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 |
| Total assets | US$ in thousands | 30,230,000 | 29,779,000 | 27,165,000 | 27,241,000 | 24,284,000 |
| Total asset turnover | 0.71 | 0.65 | 0.65 | 0.58 | 0.53 |
November 29, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $21,505,000K ÷ $30,230,000K
= 0.71
Adobe Systems Incorporated's total asset turnover has shown a positive trend over the past five years. Starting at 0.53 on November 27, 2020, the ratio has steadily increased to 0.71 by November 29, 2024. This indicates that Adobe has become more efficient in generating revenue from its total assets over time.
A total asset turnover ratio of 0.71 in November 29, 2024, means that for every dollar of total assets Adobe has, it generates $0.71 in revenue. This suggests that Adobe's management is utilizing its assets effectively to generate sales, which is a positive indicator of the company's operational efficiency.
Overall, the increasing trend in total asset turnover reflects Adobe's ability to efficiently utilize its assets to drive revenue growth and maximize shareholder value. The company's consistent improvement in this ratio over the years demonstrates its strong operational performance and effective asset management strategies.
Peer comparison
Nov 29, 2024