Adobe Systems Incorporated (ADBE)
Return on assets (ROA)
| Nov 30, 2024 | Nov 29, 2024 | Dec 1, 2023 | Nov 30, 2023 | Dec 2, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,560,000 | 5,560,000 | 5,428,000 | 5,428,000 | 4,756,000 |
| Total assets | US$ in thousands | 30,230,000 | 30,230,000 | 29,779,000 | 29,779,000 | 27,165,000 |
| ROA | 18.39% | 18.39% | 18.23% | 18.23% | 17.51% |
November 30, 2024 calculation
ROA = Net income ÷ Total assets
= $5,560,000K ÷ $30,230,000K
= 18.39%
Adobe Systems Incorporated has shown a consistent improvement in its return on assets (ROA) over the years based on the provided data. The ROA has increased steadily from 17.51% in December 2, 2022, to 18.39% by November 30, 2024. This indicates that Adobe has been effectively utilizing its assets to generate profits for its shareholders. A higher ROA suggests that the company is efficient in generating earnings relative to its total assets, which is a positive indicator of the company's operational efficiency and profitability. Adobe's ability to maintain and improve its ROA over time showcases the company's strong financial performance and management effectiveness in utilizing its resources.
Peer comparison
Nov 30, 2024