Adobe Inc. (ADBE)

• Annual Data
• Quarterly Data

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of ROE

	ROE	=	ROA	×	Financial Leverage
Nov 29, 2019		=		×
Nov 30, 2018		=		×
Dec 1, 2017		=		×
Dec 2, 2016		=		×
Nov 27, 2015		=		×
Nov 28, 2014		=		×

Based on: 10-K (filing date: 2020-01-21), 10-K (filing date: 2019-01-25), 10-K (filing date: 2018-01-22), 10-K (filing date: 2017-01-20), 10-K (filing date: 2016-01-19), 10-K (filing date: 2015-01-20).

The primary reason for the increase in return on equity ratio (ROE) over 2019 year is the increase in profitability measured by return on assets ratio (ROA).

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of ROE

	ROE	=	Net Profit Margin	×	Asset Turnover	×	Financial Leverage
Nov 29, 2019		=		×		×
Nov 30, 2018		=		×		×
Dec 1, 2017		=		×		×
Dec 2, 2016		=		×		×
Nov 27, 2015		=		×		×
Nov 28, 2014		=		×		×

Based on: 10-K (filing date: 2020-01-21), 10-K (filing date: 2019-01-25), 10-K (filing date: 2018-01-22), 10-K (filing date: 2017-01-20), 10-K (filing date: 2016-01-19), 10-K (filing date: 2015-01-20).

The primary reason for the increase in return on equity ratio (ROE) over 2019 year is the increase in efficiency measured by asset turnover ratio.

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of ROE

	ROE	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover	×	Financial Leverage
Nov 29, 2019		=		×		×		×		×
Nov 30, 2018		=		×		×		×		×
Dec 1, 2017		=		×		×		×		×
Dec 2, 2016		=		×		×		×		×
Nov 27, 2015		=		×		×		×		×
Nov 28, 2014		=		×		×		×		×

Based on: 10-K (filing date: 2020-01-21), 10-K (filing date: 2019-01-25), 10-K (filing date: 2018-01-22), 10-K (filing date: 2017-01-20), 10-K (filing date: 2016-01-19), 10-K (filing date: 2015-01-20).

The primary reason for the increase in return on equity ratio (ROE) over 2019 year is the increase in efficiency measured by asset turnover ratio.

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of ROA

	ROA	=	Net Profit Margin	×	Asset Turnover
Nov 29, 2019		=		×
Nov 30, 2018		=		×
Dec 1, 2017		=		×
Dec 2, 2016		=		×
Nov 27, 2015		=		×
Nov 28, 2014		=		×

Based on: 10-K (filing date: 2020-01-21), 10-K (filing date: 2019-01-25), 10-K (filing date: 2018-01-22), 10-K (filing date: 2017-01-20), 10-K (filing date: 2016-01-19), 10-K (filing date: 2015-01-20).

The primary reason for the increase in return on assets ratio (ROA) over 2019 year is the increase in asset turnover ratio.

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of ROA

	ROA	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover
Nov 29, 2019		=		×		×		×
Nov 30, 2018		=		×		×		×
Dec 1, 2017		=		×		×		×
Dec 2, 2016		=		×		×		×
Nov 27, 2015		=		×		×		×
Nov 28, 2014		=		×		×		×

Based on: 10-K (filing date: 2020-01-21), 10-K (filing date: 2019-01-25), 10-K (filing date: 2018-01-22), 10-K (filing date: 2017-01-20), 10-K (filing date: 2016-01-19), 10-K (filing date: 2015-01-20).

The primary reason for the increase in return on assets ratio (ROA) over 2019 year is the increase in efficiency measured by asset turnover ratio.

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of net profit margin ratio

	Net Profit Margin	=	Tax Burden	×	Interest Burden	×	EBIT Margin
Nov 29, 2019		=		×		×
Nov 30, 2018		=		×		×
Dec 1, 2017		=		×		×
Dec 2, 2016		=		×		×
Nov 27, 2015		=		×		×
Nov 28, 2014		=		×		×

Based on: 10-K (filing date: 2020-01-21), 10-K (filing date: 2019-01-25), 10-K (filing date: 2018-01-22), 10-K (filing date: 2017-01-20), 10-K (filing date: 2016-01-19), 10-K (filing date: 2015-01-20).

The primary reason for the decrease in net profit margin ratio over 2019 year is the decrease in operating profitability measured by EBIT margin ratio.