Adobe Systems Incorporated (ADBE)

Total 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
Total assets	US$ in thousands	30,230,000	29,830,000	30,007,000	28,751,000	29,779,000	29,090,000	27,838,000	26,667,000	27,165,000	26,744,000	26,326,000	25,976,000	27,241,000	26,144,000	25,582,000	24,985,000	24,284,000	22,414,000	21,603,000	21,214,000
Total asset turnover		0.71	0.70	0.68	0.69	0.65	0.65	0.66	0.67	0.65	0.64	0.63	0.62	0.58	0.58	0.56	0.55	0.53	0.55	0.56	0.55

November 29, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $21,505,000K ÷ $30,230,000K
= 0.71

The total asset turnover ratio of Adobe Systems Incorporated has shown a generally positive trend over the analyzed periods, starting at 0.55 in February 28, 2020, and gradually increasing to 0.71 by November 29, 2024.

This indicates that the company is efficiently generating sales revenue in relation to its total assets, which is a positive sign of operational efficiency. The increasing trend suggests that Adobe is utilizing its assets more effectively to generate revenue over time.

A total asset turnover ratio above 1 generally indicates that the company is generating more revenue per dollar of assets, while a ratio below 1 may suggest that the company is not effectively utilizing its assets to generate revenue.

Overall, the increasing trend in total asset turnover for Adobe Systems Incorporated reflects positively on the company's operational efficiency and effectiveness in utilizing its assets to drive revenue generation.