Adobe Systems Incorporated (ADBE)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	14,105,000	14,105,000	16,518,000	16,518,000	14,051,000
ROE		39.42%	39.42%	32.86%	32.86%	33.85%

November 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $5,560,000K ÷ $14,105,000K
= 39.42%

Based on the data provided, Adobe Systems Incorporated has maintained a stable and impressive return on equity (ROE) over the years. The ROE stood at 33.85% as of December 2, 2022, showing the company's ability to generate a profit from shareholders' equity. Over the subsequent years, the ROE remained consistently high, with figures of 32.86% on November 30, 2023, and December 1, 2023. Notably, there was a significant increase in ROE to 39.42% on both November 29, 2024, and November 30, 2024, indicating that Adobe effectively managed its assets to generate higher returns for its shareholders. Overall, the trend in ROE reflects Adobe's strong financial performance and efficient utilization of equity to drive profitability.