Adobe Systems Incorporated (ADBE)
Return on assets (ROA)
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,428,000 | 4,756,000 | 4,822,000 | 5,260,000 | 2,951,000 |
| Total assets | US$ in thousands | 29,779,000 | 27,165,000 | 27,241,000 | 24,284,000 | 20,762,000 |
| ROA | 18.23% | 17.51% | 17.70% | 21.66% | 14.21% |
December 1, 2023 calculation
ROA = Net income ÷ Total assets
= $5,428,000K ÷ $29,779,000K
= 18.23%
Based on the provided data, Adobe Inc's return on assets (ROA) has been relatively stable over the past five years, ranging from 14.22% to 21.66%.
In 2023, the ROA was 18.23%, showing a slight increase from 2022, when it was 17.51%. This indicates that Adobe's ability to generate profits from its assets improved in 2023 compared to the previous year.
Looking back to 2021, the ROA was 17.70%, relatively consistent with the 2022 figure. This suggests that Adobe maintained its efficiency in generating earnings relative to its total assets during that period.
In 2020, the ROA was 21.66%, showing a significant increase from the prior year. This indicates that Adobe experienced a surge in profitability relative to its assets, possibly due to effective asset utilization or improved net income.
In 2019, the ROA was 14.22%, which was the lowest among the five years provided. This could indicate a relative decrease in the company's ability to generate profits from its assets.
Overall, Adobe Inc's ROA demonstrates a generally positive trend, with occasional fluctuations. A higher ROA implies that the company is more efficient in using its assets to generate earnings. However, it's important to consider other financial metrics and market conditions to gain a comprehensive understanding of Adobe's financial performance.
Peer comparison
Dec 1, 2023