Adobe Systems Incorporated (ADBE)

Return on assets (ROA)

		Mar 1, 2024	Dec 1, 2023	Sep 1, 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	Nov 29, 2019	Aug 30, 2019	May 31, 2019	Mar 1, 2019
Net income (ttm)	US$ in thousands	4,753,000	5,309,000	4,962,000	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	2,952,000	2,778,240	2,651,531	2,681,698
Total assets	US$ in thousands	28,751,000	29,779,000	29,090,000	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	20,762,000	20,054,900	19,665,900	19,505,500
ROA		16.53%	17.83%	17.06%	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%	14.22%	13.85%	13.48%	13.75%

March 1, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $4,753,000K ÷ $28,751,000K
= 16.53%

Adobe Systems Incorporated's return on assets (ROA) has shown a relatively stable trend over the past few quarters, ranging between 13.48% to 22.33%. The company's ROA peaked at 22.33% in September 2021 before fluctuating slightly in subsequent periods. This indicates that Adobe has been able to efficiently generate profits relative to its total assets during these periods.

Overall, Adobe's ROA performance has been favorable, with consistently positive returns in most quarters. The higher ROA figures suggest that the company has been effective in utilizing its assets to generate earnings. However, there was a slight decline in ROA in the most recent period ending March 1, 2024, which may warrant further investigation into any potential factors impacting this decrease.

In conclusion, Adobe Systems' historical ROA numbers reflect a strong financial performance in terms of asset utilization, but monitoring for any emerging trends or changes in future quarters will be important for assessing the company's ongoing operational efficiency.