Adobe Systems Incorporated (ADBE)

Total asset turnover

		Mar 1, 2024	Dec 1, 2023	Sep 1, 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	Nov 29, 2019	Aug 30, 2019	May 31, 2019	Mar 1, 2019
Revenue (ttm)	US$ in thousands	19,775,000	19,118,000	18,503,000	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	11,171,000	10,643,620	10,100,700	9,552,060
Total assets	US$ in thousands	28,751,000	29,779,000	29,090,000	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	20,762,000	20,054,900	19,665,900	19,505,500
Total asset turnover		0.69	0.64	0.64	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	0.54	0.53	0.51	0.49

March 1, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,775,000K ÷ $28,751,000K
= 0.69

Adobe Systems Incorporated's total asset turnover ratio has fluctuated over the past few years. The ratio ranged between 0.49 to 0.69, showing variations in how efficiently the company is utilizing its assets to generate revenue. Generally, a higher total asset turnover indicates better efficiency in asset utilization.

In the most recent observation, as of March 1, 2024, Adobe's total asset turnover stood at 0.69, which suggests that the company generated $0.69 in revenue for every dollar of assets during the period. This indicates an improvement in asset utilization compared to previous quarters.

It is important for the company to monitor this ratio over time to ensure optimal efficiency in asset management and revenue generation. Any significant deviations from historical trends may require further investigation to understand the underlying reasons and potential impacts on the company's financial performance.