Adobe Systems Incorporated (ADBE)

Return on assets (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
Net income (ttm)	US$ in thousands	5,560,000	5,360,000	5,079,000	4,801,000	5,428,000	5,121,000	4,854,000	4,737,000	4,756,000	4,813,000	4,889,000	4,827,000	4,822,000	5,839,000	5,582,000	5,566,000	5,260,000	3,862,000	3,700,000	3,233,000
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
ROA		18.39%	17.97%	16.93%	16.70%	18.23%	17.60%	17.44%	17.76%	17.51%	18.00%	18.57%	18.58%	17.70%	22.33%	21.82%	22.28%	21.66%	17.23%	17.13%	15.24%

November 29, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $5,560,000K ÷ $30,230,000K
= 18.39%

Adobe Systems Incorporated's return on assets (ROA) has shown a consistently strong performance over the past few years. The ROA has fluctuated slightly but generally remained above 15%, indicating that the company is generating significant profits relative to its total assets.

The ROA increased steadily from around 15% in February 2020 to over 22% in March 2021, indicating improved asset utilization and profitability during this period. Subsequently, there were some fluctuations with the ROA hovering around the high teens, which is still considered quite healthy for a tech company like Adobe.

Overall, Adobe's ROA indicates that the company is effectively using its assets to generate profits and create shareholder value. However, it's important to monitor any significant deviations in the ROA to assess the company's ongoing operational efficiency and financial performance.