Return on Assets (ROA)
since 2005
Calculation
Adobe Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Nov 29, 2024 | 18.39% | = | 100 | × | 5,560) | ÷ | 30,230) |
| Dec 1, 2023 | 18.23% | = | 100 | × | 5,428) | ÷ | 29,779) |
| Dec 2, 2022 | 17.51% | = | 100 | × | 4,756) | ÷ | 27,165) |
| Dec 3, 2021 | 17.70% | = | 100 | × | 4,822) | ÷ | 27,241) |
| Nov 27, 2020 | 21.66% | = | 100 | × | 5,260) | ÷ | 24,284) |
| Nov 29, 2019 | 14.22% | = | 100 | × | 2,951) | ÷ | 20,762) |
| Nov 30, 2018 | 13.80% | = | 100 | × | 2,591) | ÷ | 18,769) |
| Dec 1, 2017 | 11.65% | = | 100 | × | 1,694) | ÷ | 14,536) |
| Dec 2, 2016 | 9.20% | = | 100 | × | 1,169) | ÷ | 12,707) |
| Nov 27, 2015 | 5.37% | = | 100 | × | 630) | ÷ | 11,726) |
| Nov 28, 2014 | 2.49% | = | 100 | × | 268) | ÷ | 10,786) |
| Nov 29, 2013 | 2.79% | = | 100 | × | 290) | ÷ | 10,380) |
| Nov 30, 2012 | 8.35% | = | 100 | × | 833) | ÷ | 9,975) |
| Dec 2, 2011 | 9.26% | = | 100 | × | 833) | ÷ | 8,991) |
| Dec 3, 2010 | 9.52% | = | 100 | × | 775) | ÷ | 8,141) |
| Nov 27, 2009 | 5.31% | = | 100 | × | 387) | ÷ | 7,282) |
| Nov 28, 2008 | 14.98% | = | 100 | × | 872) | ÷ | 5,822) |
| Nov 30, 2007 | 12.67% | = | 100 | × | 724) | ÷ | 5,714) |
| Dec 1, 2006 | 8.48% | = | 100 | × | 506) | ÷ | 5,963) |
| Dec 2, 2005 | 24.70% | = | 100 | × | 603) | ÷ | 2,440) |
Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
1 US$ in millions
The analysis of the financial data reveals several notable trends and patterns across the examined periods.
- Net Income
- Net income experienced considerable fluctuations over the years. Initially, there was a moderate increase from 603 million USD in the first period to a peak of 872 million USD in 2008. This was followed by a significant decline reaching a low of 268 million USD in 2013. Starting in 2014, the net income showed a strong recovery trend, culminating in a substantial increase to 5,260 million USD by 2020. Despite slight decreases in some subsequent years, the overall trajectory from 2014 to 2024 is upward, ending at 5,560 million USD.
- Total Assets
- Total assets displayed consistent growth throughout the entire timeframe. Beginning with 2,440 million USD, assets more than doubled by 2006, and continued expanding steadily without any notable reversals. Growth accelerated particularly after 2015, with total assets reaching over 30,000 million USD by 2024. This indicates robust asset accumulation and potential investment or acquisition activity during the later periods.
- Return on Assets (ROA)
- ROA showed an overall fluctuating yet improving pattern. Initially peaking at 24.7% in 2005, it then declined significantly, hitting the lowest values around 2.49% in 2013. From 2014 onwards, ROA improved markedly, reaching its highest levels in recent years, peaking near 21.66% in 2020. Although there was a slight dip after 2020, ROA maintained an elevated level above 17% through 2024, indicating enhanced efficiency in using assets to generate profit compared to the middle years.
- Overall Insights
- The data reflects a period of volatility in net income and profitability during the early 2010s, likely influenced by external or operational challenges. However, the steady growth in total assets suggests ongoing expansion and strengthening of the company's financial base. The recovery and subsequent improvement in ROA alongside increasing net income in the later years point to improved operational efficiency and profitability. This overall trend suggests successful strategic adjustments and growth initiatives in the more recent periods.
Comparison to Competitors
Adobe Inc., ROA, long-term trends, comparison to competitors
| Adobe Inc. | Accenture PLC | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 29, 2024 | 18.39% | 12.99% | 11.76% | 1.34% | 4.39% | 9.22% | 17.21% | 7.42% | 7.29% | 12.89% | 4.14% | 6.99% | 17.31% | 8.39% |
| Dec 1, 2023 | 18.23% | 13.41% | 18.36% | -3.65% | 5.55% | 8.58% | 17.56% | 6.33% | 4.64% | 3.03% | 0.21% | 9.96% | 11.90% | -2.72% |
| Dec 2, 2022 | 17.51% | 14.55% | 16.53% | -6.49% | 1.29% | 7.45% | 19.94% | 6.15% | -10.80% | -2.18% | 1.52% | 2.44% | 10.45% | 0.28% |
| Dec 3, 2021 | 17.70% | 13.68% | 15.87% | -3.39% | 4.35% | 13.29% | 18.36% | 10.48% | -16.02% | -4.87% | 6.14% | 2.13% | 8.66% | -3.24% |
| Nov 27, 2020 | 21.66% | 13.78% | 14.95% | -10.09% | 3.58% | 16.70% | 14.70% | 8.78% | -43.35% | -2.95% | 0.23% | 1.36% | 8.27% | -7.05% |
| Nov 29, 2019 | 14.22% | 16.04% | 29.46% | — | 6.20% | 24.78% | 13.69% | 10.20% | — | -1.24% | 3.61% | 10.41% | 8.31% | -7.58% |
| Nov 30, 2018 | 13.80% | 16.61% | 14.01% | — | 7.07% | 23.39% | 6.40% | 2.79% | — | -2.54% | 0.61% | -0.69% | 7.04% | -6.49% |
| Dec 1, 2017 | 11.65% | 15.18% | 8.44% | — | 4.59% | 23.87% | 8.80% | 6.92% | — | -6.30% | 1.02% | -4.39% | 2.53% | -12.89% |
| Dec 2, 2016 | 9.20% | 19.95% | 9.69% | — | 10.11% | 23.04% | 8.67% | 7.93% | — | -8.18% | -0.37% | -22.22% | 5.09% | -10.62% |
| Nov 27, 2015 | 5.37% | 16.72% | 10.74% | — | 11.94% | 7.35% | 6.92% | 8.96% | — | -8.40% | -2.46% | -10.98% | 4.48% | -10.51% |
| Nov 28, 2014 | 2.49% | 16.41% | 4.95% | — | 10.23% | 17.44% | 12.81% | 12.13% | — | -15.32% | -2.54% | -12.59% | 5.43% | -7.93% |
| Nov 29, 2013 | 2.79% | 19.46% | 6.76% | — | 13.06% | 15.64% | 15.35% | 13.35% | — | -4.99% | -4.89% | -6.31% | 5.68% | -12.43% |
| Nov 30, 2012 | 8.35% | 15.32% | 19.24% | — | 13.93% | 16.91% | 14.00% | 12.74% | — | 0.18% | -0.28% | -7.81% | 4.40% | — |
| Dec 2, 2011 | 9.26% | 14.48% | 4.10% | — | 13.62% | 12.41% | 21.30% | 11.62% | — | — | 2.09% | — | 6.57% | — |
| Dec 3, 2010 | 9.52% | 13.87% | 7.31% | — | 13.07% | 11.04% | 21.79% | 9.96% | — | — | 3.28% | — | 7.21% | — |
| Nov 27, 2009 | 5.31% | 12.97% | -10.62% | — | 12.31% | 9.26% | 18.71% | 11.80% | — | — | 2.93% | — | 5.71% | — |
| Nov 28, 2008 | 14.98% | 13.64% | -110.44% | — | 11.26% | 10.22% | 24.29% | 11.68% | — | — | 1.68% | — | 6.93% | — |
| Nov 30, 2007 | 12.67% | 11.57% | 7.65% | — | 8.65% | 10.35% | 22.26% | 12.36% | — | — | 0.07% | — | 4.99% | — |
| Dec 1, 2006 | 8.48% | 10.33% | 4.14% | — | 9.19% | 15.05% | 18.10% | 11.65% | — | — | 6.55% | — | 1.15% | — |
| Dec 2, 2005 | 24.70% | 10.50% | 1.45% | — | 7.50% | 14.05% | 17.30% | 13.95% | — | — | 2.62% | — | -0.72% | — |
Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
Comparison to Sector (Software & Services)
Adobe Inc., ROA, long-term trends, comparison to sector (software & services)
| Adobe Inc. | Software & Services | |
|---|---|---|
| Nov 29, 2024 | 18.39% | 12.16% |
| Dec 1, 2023 | 18.23% | 11.18% |
| Dec 2, 2022 | 17.51% | 11.39% |
| Dec 3, 2021 | 17.70% | 12.27% |
| Nov 27, 2020 | 21.66% | 9.67% |
| Nov 29, 2019 | 14.22% | 10.83% |
| Nov 30, 2018 | 13.80% | 6.11% |
| Dec 1, 2017 | 11.65% | 7.29% |
| Dec 2, 2016 | 9.20% | 8.86% |
| Nov 27, 2015 | 5.37% | 8.53% |
| Nov 28, 2014 | 2.49% | 11.18% |
| Nov 29, 2013 | 2.79% | 13.46% |
| Nov 30, 2012 | 8.35% | 13.36% |
| Dec 2, 2011 | 9.26% | 15.34% |
| Dec 3, 2010 | 9.52% | 14.69% |
| Nov 27, 2009 | 5.31% | 13.64% |
| Nov 28, 2008 | 14.98% | 14.32% |
| Nov 30, 2007 | 12.67% | 12.84% |
| Dec 1, 2006 | 8.48% | 12.19% |
| Dec 2, 2005 | 24.70% | 11.53% |
Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
Comparison to Industry (Information Technology)
Adobe Inc., ROA, long-term trends, comparison to industry (information technology)
| Adobe Inc. | Information Technology | |
|---|---|---|
| Nov 29, 2024 | 18.39% | 11.99% |
| Dec 1, 2023 | 18.23% | 12.51% |
| Dec 2, 2022 | 17.51% | 14.57% |
| Dec 3, 2021 | 17.70% | 14.66% |
| Nov 27, 2020 | 21.66% | 11.45% |
| Nov 29, 2019 | 14.22% | 11.78% |
| Nov 30, 2018 | 13.80% | 10.94% |
| Dec 1, 2017 | 11.65% | 9.05% |
| Dec 2, 2016 | 9.20% | 9.79% |
| Nov 27, 2015 | 5.37% | 11.53% |
| Nov 28, 2014 | 2.49% | 12.37% |
| Nov 29, 2013 | 2.79% | 13.26% |
| Nov 30, 2012 | 8.35% | 14.08% |
| Dec 2, 2011 | 9.26% | 15.11% |
| Dec 3, 2010 | 9.52% | 14.51% |
| Nov 27, 2009 | 5.31% | 10.09% |
| Nov 28, 2008 | 14.98% | 12.00% |
| Nov 30, 2007 | 12.67% | 12.04% |
| Dec 1, 2006 | 8.48% | 12.22% |
| Dec 2, 2005 | 24.70% | 12.76% |
Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).