Adobe Systems Incorporated (ADBE)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	15,460,000	16,518,000	15,776,000	14,206,000	14,051,000	14,373,000	13,985,000	13,775,000	14,797,000	14,414,000	13,852,000	13,546,000	13,264,000	11,713,000	10,881,000	10,465,000	10,530,000	10,243,000	9,932,000	9,871,000
ROE		30.74%	32.14%	31.45%	33.35%	33.85%	33.49%	34.96%	35.04%	32.59%	40.51%	40.30%	41.09%	39.66%	32.97%	34.00%	30.89%	28.03%	27.12%	26.70%	27.17%

March 1, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,753,000K ÷ $15,460,000K
= 30.74%

The return on equity (ROE) of Adobe Systems Incorporated has shown a generally positive trend over the most recent quarters, with fluctuations within a relatively narrow range. ROE provides insight into how effectively a company is generating profits from shareholders' equity.

Looking at the data, the ROE for Adobe Systems has ranged from a low of 26.70% to a high of 41.09% over the past two years. The highest ROE was recorded in the first quarter of 2021, and the lowest was in the first quarter of 2019.

Overall, Adobe's ROE has been above 30% for most of the periods, indicating that the company has been generating significant returns for its shareholders. The average ROE over this period appears to be around 33%, which is considered healthy and demonstrates Adobe's efficiency in using equity to generate profits.

It is important to note that while a high ROE is generally positive, investors should also consider other financial metrics and qualitative factors when evaluating a company's performance and prospects for future growth.