Adobe Inc. (ADBE)

• Annual Data
• Quarterly Data

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of ROE (quarterly data)

	ROE	=	ROA	×	Financial Leverage
Nov 29, 2019		=		×
Aug 30, 2019		=		×
May 31, 2019		=		×
Mar 1, 2019		=		×
Nov 30, 2018		=		×
Aug 31, 2018		=		×
Jun 1, 2018		=		×
Mar 2, 2018		=		×
Dec 1, 2017		=		×
Sep 1, 2017		=		×
Jun 2, 2017		=		×
Mar 3, 2017		=		×
Dec 2, 2016		=		×
Sep 2, 2016		=		×
Jun 3, 2016		=		×
Mar 4, 2016		=		×
Nov 27, 2015		=		×
Aug 28, 2015		=		×
May 29, 2015		=		×
Feb 27, 2015		=		×
Nov 28, 2014		=		×
Aug 29, 2014		=		×
May 30, 2014		=		×
Feb 28, 2014		=		×

Based on: 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

The primary reason for the increase in return on equity ratio (ROE) over Q4 2019 is the increase in profitability measured by return on assets ratio (ROA).

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of ROE (quarterly data)

	ROE	=	Net Profit Margin	×	Asset Turnover	×	Financial Leverage
Nov 29, 2019		=		×		×
Aug 30, 2019		=		×		×
May 31, 2019		=		×		×
Mar 1, 2019		=		×		×
Nov 30, 2018		=		×		×
Aug 31, 2018		=		×		×
Jun 1, 2018		=		×		×
Mar 2, 2018		=		×		×
Dec 1, 2017		=		×		×
Sep 1, 2017		=		×		×
Jun 2, 2017		=		×		×
Mar 3, 2017		=		×		×
Dec 2, 2016		=		×		×
Sep 2, 2016		=		×		×
Jun 3, 2016		=		×		×
Mar 4, 2016		=		×		×
Nov 27, 2015		=		×		×
Aug 28, 2015		=		×		×
May 29, 2015		=		×		×
Feb 27, 2015		=		×		×
Nov 28, 2014		=		×		×
Aug 29, 2014		=		×		×
May 30, 2014		=		×		×
Feb 28, 2014		=		×		×

Based on: 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

The primary reason for the increase in return on equity ratio (ROE) over Q4 2019 is the increase in efficiency measured by asset turnover ratio.

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of ROE (quarterly data)

	ROE	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover	×	Financial Leverage
Nov 29, 2019		=		×		×		×		×
Aug 30, 2019		=		×		×		×		×
May 31, 2019		=		×		×		×		×
Mar 1, 2019		=		×		×		×		×
Nov 30, 2018		=		×		×		×		×
Aug 31, 2018		=		×		×		×		×
Jun 1, 2018		=		×		×		×		×
Mar 2, 2018		=		×		×		×		×
Dec 1, 2017		=		×		×		×		×
Sep 1, 2017		=		×		×		×		×
Jun 2, 2017		=		×		×		×		×
Mar 3, 2017		=		×		×		×		×
Dec 2, 2016		=		×		×		×		×
Sep 2, 2016		=		×		×		×		×
Jun 3, 2016		=		×		×		×		×
Mar 4, 2016		=		×		×		×		×
Nov 27, 2015		=		×		×		×		×
Aug 28, 2015		=		×		×		×		×
May 29, 2015		=		×		×		×		×
Feb 27, 2015		=		×		×		×		×
Nov 28, 2014		=		×		×		×		×
Aug 29, 2014		=		×		×		×		×
May 30, 2014		=		×		×		×		×
Feb 28, 2014		=		×		×		×		×

Based on: 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

The primary reason for the increase in return on equity ratio (ROE) over Q4 2019 is the increase in operating profitability measured by EBIT margin ratio.

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of ROA (quarterly data)

	ROA	=	Net Profit Margin	×	Asset Turnover
Nov 29, 2019		=		×
Aug 30, 2019		=		×
May 31, 2019		=		×
Mar 1, 2019		=		×
Nov 30, 2018		=		×
Aug 31, 2018		=		×
Jun 1, 2018		=		×
Mar 2, 2018		=		×
Dec 1, 2017		=		×
Sep 1, 2017		=		×
Jun 2, 2017		=		×
Mar 3, 2017		=		×
Dec 2, 2016		=		×
Sep 2, 2016		=		×
Jun 3, 2016		=		×
Mar 4, 2016		=		×
Nov 27, 2015		=		×
Aug 28, 2015		=		×
May 29, 2015		=		×
Feb 27, 2015		=		×
Nov 28, 2014		=		×
Aug 29, 2014		=		×
May 30, 2014		=		×
Feb 28, 2014		=		×

Based on: 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

The primary reason for the increase in return on assets ratio (ROA) over Q4 2019 is the increase in asset turnover ratio.

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of ROA (quarterly data)

	ROA	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover
Nov 29, 2019		=		×		×		×
Aug 30, 2019		=		×		×		×
May 31, 2019		=		×		×		×
Mar 1, 2019		=		×		×		×
Nov 30, 2018		=		×		×		×
Aug 31, 2018		=		×		×		×
Jun 1, 2018		=		×		×		×
Mar 2, 2018		=		×		×		×
Dec 1, 2017		=		×		×		×
Sep 1, 2017		=		×		×		×
Jun 2, 2017		=		×		×		×
Mar 3, 2017		=		×		×		×
Dec 2, 2016		=		×		×		×
Sep 2, 2016		=		×		×		×
Jun 3, 2016		=		×		×		×
Mar 4, 2016		=		×		×		×
Nov 27, 2015		=		×		×		×
Aug 28, 2015		=		×		×		×
May 29, 2015		=		×		×		×
Feb 27, 2015		=		×		×		×
Nov 28, 2014		=		×		×		×
Aug 29, 2014		=		×		×		×
May 30, 2014		=		×		×		×
Feb 28, 2014		=		×		×		×

Based on: 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

The primary reason for the increase in return on assets ratio (ROA) over Q4 2019 is the increase in operating profitability measured by EBIT margin ratio.

• Annual Data
• Quarterly Data

Adobe Inc., decomposition of net profit margin ratio (quarterly data)

	Net Profit Margin	=	Tax Burden	×	Interest Burden	×	EBIT Margin
Nov 29, 2019		=		×		×
Aug 30, 2019		=		×		×
May 31, 2019		=		×		×
Mar 1, 2019		=		×		×
Nov 30, 2018		=		×		×
Aug 31, 2018		=		×		×
Jun 1, 2018		=		×		×
Mar 2, 2018		=		×		×
Dec 1, 2017		=		×		×
Sep 1, 2017		=		×		×
Jun 2, 2017		=		×		×
Mar 3, 2017		=		×		×
Dec 2, 2016		=		×		×
Sep 2, 2016		=		×		×
Jun 3, 2016		=		×		×
Mar 4, 2016		=		×		×
Nov 27, 2015		=		×		×
Aug 28, 2015		=		×		×
May 29, 2015		=		×		×
Feb 27, 2015		=		×		×
Nov 28, 2014		=		×		×
Aug 29, 2014		=		×		×
May 30, 2014		=		×		×
Feb 28, 2014		=		×		×

Based on: 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

The primary reason for the increase in net profit margin ratio over Q4 2019 is the increase in operating profitability measured by EBIT margin ratio.