Adobe Systems Incorporated (ADBE)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,741,000 | 6,527,000 | 6,232,000 | 5,971,000 | 6,650,000 | 6,412,000 | 6,199,000 | 6,104,000 | 6,098,000 | 6,094,000 | 6,051,000 | 5,928,000 | 5,802,000 | 5,516,000 | 5,144,000 | 4,754,000 | 4,237,000 | 3,992,000 | 3,777,000 | 3,511,000 |
| 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 |
| Operating ROA | 22.30% | 21.88% | 20.77% | 20.77% | 22.33% | 22.04% | 22.27% | 22.89% | 22.45% | 22.79% | 22.98% | 22.82% | 21.30% | 21.10% | 20.11% | 19.03% | 17.45% | 17.81% | 17.48% | 16.55% |
November 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $6,741,000K ÷ $30,230,000K
= 22.30%
Operating return on assets (Operating ROA) measures the efficiency of Adobe Systems Incorporated in generating profits from its assets solely related to its core operations. Based on the provided data, Adobe's Operating ROA has shown a generally increasing trend over the analyzed period.
The Operating ROA stood at 16.55% as of February 28, 2020, and gradually increased to 22.98% by June 3, 2022. The metric slightly fluctuated in the following quarters but remained above 20%. Notably, the highest Operating ROA was recorded on December 2, 2022, at 22.45%. Subsequently, despite a slight decline in the following quarters, Adobe maintained a strong Operating ROA above 20%.
This consistent performance indicates that Adobe has been effectively utilizing its assets to generate operating profits. The gradual increase in Operating ROA reflects the company's operational efficiency and effective asset management strategies, showcasing its ability to generate higher returns relative to its assets.
Overall, the trend of Adobe Systems Incorporated's Operating ROA demonstrates the company's operational strength and ability to generate profits efficiently from its operational assets during the analyzed period.
Peer comparison
Nov 29, 2024