Adobe Systems Incorporated (ADBE)

Return on assets (ROA)

		Feb 28, 2025	Nov 30, 2024	Nov 29, 2024	Aug 31, 2024	Aug 30, 2024	May 31, 2024	Mar 1, 2024	Feb 29, 2024	Dec 1, 2023	Nov 30, 2023	Sep 1, 2023	Aug 31, 2023	Jun 2, 2023	May 31, 2023	Mar 3, 2023	Feb 28, 2023	Dec 2, 2022	Nov 30, 2022	Sep 2, 2022	Aug 31, 2022
Net income (ttm)	US$ in thousands	6,861,000	6,734,000	6,624,000	5,561,000	4,497,000	4,296,000	4,206,000	4,989,000	5,772,000	5,584,000	5,396,000	5,240,000	5,084,000	4,965,000	4,846,000	4,735,000	4,624,000	4,626,000	4,628,000	4,758,000
Total assets	US$ in thousands	29,955,000	30,230,000	30,230,000	29,830,000	29,830,000	30,007,000	28,751,000	28,751,000	29,779,000	29,779,000	29,090,000	29,090,000	27,838,000	27,838,000	26,667,000	26,667,000	27,165,000	27,165,000	26,744,000	26,744,000
ROA		22.90%	22.28%	21.91%	18.64%	15.08%	14.32%	14.63%	17.35%	19.38%	18.75%	18.55%	18.01%	18.26%	17.84%	18.17%	17.76%	17.02%	17.03%	17.30%	17.79%

February 28, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $6,861,000K ÷ $29,955,000K
= 22.90%

Adobe Systems Incorporated's return on assets (ROA) has shown fluctuations over the period in question. From August 31, 2022, to February 28, 2025, the ROA ranged from a low of 14.32% to a high of 22.90%. Overall, Adobe's ROA has generally been on an upward trend, with periodic declines interspersed. Notable increases in ROA were observed in the latter part of 2023 and into 2024, where it reached its highest levels. This suggests that Adobe has been effectively utilizing its assets to generate profits during these periods. The decrease in ROA in March 1, 2024, may indicate a potential decrease in asset efficiency or profitability during that period, necessitating further investigation. However, with a strong rebound in the subsequent quarters, particularly in late 2024 and early 2025, Adobe demonstrated a significant improvement in asset productivity and profitability.