Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

Analysis of Long-term (Investment) Activity Ratios 
Quarterly Data

Microsoft Excel LibreOffice Calc

Long-term Activity Ratios (Summary)

Adobe Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 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
Net fixed asset turnover 9.48 9.44 9.27 9.15 8.94 8.48 8.48 8.68 8.70 8.64 8.56 8.38 8.65 8.40 8.41 8.18 7.76 7.79 7.35 7.06 7.49 7.17
Net fixed asset turnover (including operating lease, right-of-use asset) 7.55 7.46 7.26 7.08 6.82 6.42 6.30 6.42 6.32 8.64 8.56 8.38 8.65 8.40 8.41 8.18 7.76 7.79 7.35 7.06 7.49 7.17
Total asset turnover 0.62 0.58 0.58 0.56 0.55 0.53 0.55 0.56 0.55 0.54 0.53 0.51 0.49 0.48 0.56 0.54 0.51 0.50 0.50 0.49 0.47 0.46
Equity turnover 1.17 1.07 1.05 1.04 1.01 0.97 1.06 1.11 1.11 1.06 1.04 1.02 0.97 0.96 0.97 0.93 0.89 0.86 0.84 0.84 0.81 0.79

Based on: 10-Q (reporting date: 2022-03-04), 10-K (reporting date: 2021-12-03), 10-Q (reporting date: 2021-09-03), 10-Q (reporting date: 2021-06-04), 10-Q (reporting date: 2021-03-05), 10-K (reporting date: 2020-11-27), 10-Q (reporting date: 2020-08-28), 10-Q (reporting date: 2020-05-29), 10-Q (reporting date: 2020-02-28), 10-K (reporting date: 2019-11-29), 10-Q (reporting date: 2019-08-30), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-03-01), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-06-01), 10-Q (reporting date: 2018-03-02), 10-K (reporting date: 2017-12-01), 10-Q (reporting date: 2017-09-01), 10-Q (reporting date: 2017-06-02), 10-Q (reporting date: 2017-03-03), 10-K (reporting date: 2016-12-02), 10-Q (reporting date: 2016-09-02), 10-Q (reporting date: 2016-06-03), 10-Q (reporting date: 2016-03-04).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Adobe Inc. net fixed asset turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Adobe Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Adobe Inc. total asset turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Adobe Inc. equity turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Net Fixed Asset Turnover

Adobe Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Revenue 4,262  4,110  3,935  3,835  3,905  3,424  3,225  3,128  3,091  2,992  2,834  2,744  2,601  2,465  2,291  2,195  2,079  2,007  1,841  1,772  1,682  1,608  1,464  1,399  1,383 
Property and equipment, net 1,703  1,673  1,629  1,573  1,530  1,517  1,467  1,387  1,340  1,293  1,244  1,205  1,104  1,075  1,019  993  992  937  940  924  822  816  812  796  795 
Long-term Activity Ratio
Net fixed asset turnover1 9.48 9.44 9.27 9.15 8.94 8.48 8.48 8.68 8.70 8.64 8.56 8.38 8.65 8.40 8.41 8.18 7.76 7.79 7.35 7.06 7.49 7.17
Benchmarks
Net Fixed Asset Turnover, Competitors2
Accenture PLC 32.49 30.83 31.16 30.44 29.69 28.68 30.82 31.33 31.71 31.06 31.90 33.16 33.91 32.91 33.04 32.70 32.63 32.23 34.67 36.87 38.04 36.38
Automatic Data Processing Inc. 23.69 21.92 20.88 21.06 20.76 20.73 19.80 19.06 18.70 18.55 18.28 17.91 17.23 16.79 16.45 15.99 15.67 15.87 16.27 16.44 16.93 17.03
International Business Machines Corp. 10.50 10.07 7.65 7.41 7.33 7.33 7.53 7.78 7.95 7.71 7.66 7.63 7.37 7.38 7.34 7.33 7.10 7.12
Intuit Inc. 13.08 12.35 11.24 9.74 10.55 10.46 9.20 9.40 8.97 8.70 8.48 7.94 7.57 7.34 6.12 5.52 5.20 5.03 4.89 4.63 4.55 4.55
Mastercard Inc. 10.17 9.90 9.56 9.05 8.35 8.04 8.26 8.67 8.94 9.24 10.91 11.65 11.69 16.23 16.50 16.23 15.90 15.07
Microsoft Corp. 2.76 2.81 2.91 2.96 3.07 3.24 3.36 3.31 3.38 3.45 3.63 3.62 3.66 3.75 3.71 3.76 3.79 3.79 3.97 4.01 4.44 4.65
Oracle Corp. 5.37 5.74 5.82 5.95 6.13 6.26 6.36 6.31 6.31 6.32 6.39 6.63 6.73 6.75 6.69 6.63 6.86 7.10
PayPal Holdings Inc. 13.87 13.29 12.93 12.90 12.66 11.87 11.55 11.19 11.09 10.50 10.02 9.50 9.18 8.96 9.09 9.27 9.06 8.57
Salesforce Inc. 8.98 8.64 7.91 7.67 7.24 7.20 6.70 6.45 6.25 6.48 6.27 5.95 5.69 5.38 5.32 5.03 4.80 4.69
ServiceNow Inc. 7.84 7.70 7.47 7.06 6.97 6.85 7.48 7.23 7.89 7.39 8.04 8.27 8.01 7.51 8.20 7.89 7.87 7.89
Visa Inc. 8.76 8.88 8.37 7.96 7.92 7.98 8.33 8.60 8.59 8.53 8.74 8.82 8.72 8.34 8.39 8.18 8.38 8.15 8.07 7.89 7.26 7.01

Based on: 10-Q (reporting date: 2022-03-04), 10-K (reporting date: 2021-12-03), 10-Q (reporting date: 2021-09-03), 10-Q (reporting date: 2021-06-04), 10-Q (reporting date: 2021-03-05), 10-K (reporting date: 2020-11-27), 10-Q (reporting date: 2020-08-28), 10-Q (reporting date: 2020-05-29), 10-Q (reporting date: 2020-02-28), 10-K (reporting date: 2019-11-29), 10-Q (reporting date: 2019-08-30), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-03-01), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-06-01), 10-Q (reporting date: 2018-03-02), 10-K (reporting date: 2017-12-01), 10-Q (reporting date: 2017-09-01), 10-Q (reporting date: 2017-06-02), 10-Q (reporting date: 2017-03-03), 10-K (reporting date: 2016-12-02), 10-Q (reporting date: 2016-09-02), 10-Q (reporting date: 2016-06-03), 10-Q (reporting date: 2016-03-04).

1 Q1 2022 Calculation
Net fixed asset turnover = (RevenueQ1 2022 + RevenueQ4 2021 + RevenueQ3 2021 + RevenueQ2 2021) ÷ Property and equipment, net
= (4,262 + 4,110 + 3,935 + 3,835) ÷ 1,703 = 9.48

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Adobe Inc. net fixed asset turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Adobe Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Revenue 4,262  4,110  3,935  3,835  3,905  3,424  3,225  3,128  3,091  2,992  2,834  2,744  2,601  2,465  2,291  2,195  2,079  2,007  1,841  1,772  1,682  1,608  1,464  1,399  1,383 
 
Property and equipment, net 1,703  1,673  1,629  1,573  1,530  1,517  1,467  1,387  1,340  1,293  1,244  1,205  1,104  1,075  1,019  993  992  937  940  924  822  816  812  796  795 
Operating lease right-of-use assets, net 435  443  452  458  477  487  507  489  504  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Property and equipment, net (including operating lease, right-of-use asset) 2,138  2,116  2,081  2,031  2,007  2,004  1,974  1,876  1,844  1,293  1,244  1,205  1,104  1,075  1,019  993  992  937  940  924  822  816  812  796  795 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 7.55 7.46 7.26 7.08 6.82 6.42 6.30 6.42 6.32 8.64 8.56 8.38 8.65 8.40 8.41 8.18 7.76 7.79 7.35 7.06 7.49 7.17
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Accenture PLC 11.17 10.48 10.27 9.83 9.71 9.37 9.54 9.69 9.68 31.06 31.90 33.16 33.91 32.91 33.04 32.70 32.63 32.23 34.67 36.87 38.04 36.38
Automatic Data Processing Inc. 13.83 13.09 12.25 12.22 12.34 12.18 11.64 11.50 11.29 18.55 18.28 17.91 17.23 16.79 16.45 15.99 15.67 15.87 16.27 16.44 16.93 17.03
International Business Machines Corp. 6.73 6.43 5.22 5.06 4.97 5.00 5.11 5.21 5.28 5.14 5.15 5.12 5.14 7.38 7.34 7.33 7.10 7.12
Intuit Inc. 8.64 8.30 7.66 6.52 8.04 8.00 7.11 6.76 6.42 8.70 8.48 7.94 7.57 7.34 6.12 5.52 5.20 5.03 4.89 4.63 4.55 4.55
Microsoft Corp. 2.34 2.37 2.44 2.47 2.58 2.70 2.79 2.74 2.80 2.87 3.00 3.00 3.01 3.05 2.98 2.99 2.97 3.79 3.97 4.01 4.44 4.65
Salesforce Inc. 4.02 3.75 3.67 3.52 3.31 3.16 2.87 2.84 2.75 6.48 6.27 5.95 5.69 5.38 5.32 5.03 4.80 4.69
ServiceNow Inc. 4.53 4.34 4.11 4.32 4.21 4.06 4.13 3.91 3.97 3.98 4.00 3.95 3.77 7.51 8.20 7.89 7.87 7.89

Based on: 10-Q (reporting date: 2022-03-04), 10-K (reporting date: 2021-12-03), 10-Q (reporting date: 2021-09-03), 10-Q (reporting date: 2021-06-04), 10-Q (reporting date: 2021-03-05), 10-K (reporting date: 2020-11-27), 10-Q (reporting date: 2020-08-28), 10-Q (reporting date: 2020-05-29), 10-Q (reporting date: 2020-02-28), 10-K (reporting date: 2019-11-29), 10-Q (reporting date: 2019-08-30), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-03-01), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-06-01), 10-Q (reporting date: 2018-03-02), 10-K (reporting date: 2017-12-01), 10-Q (reporting date: 2017-09-01), 10-Q (reporting date: 2017-06-02), 10-Q (reporting date: 2017-03-03), 10-K (reporting date: 2016-12-02), 10-Q (reporting date: 2016-09-02), 10-Q (reporting date: 2016-06-03), 10-Q (reporting date: 2016-03-04).

1 Q1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (RevenueQ1 2022 + RevenueQ4 2021 + RevenueQ3 2021 + RevenueQ2 2021) ÷ Property and equipment, net (including operating lease, right-of-use asset)
= (4,262 + 4,110 + 3,935 + 3,835) ÷ 2,138 = 7.55

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Adobe Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Total Asset Turnover

Adobe Inc., total asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Revenue 4,262  4,110  3,935  3,835  3,905  3,424  3,225  3,128  3,091  2,992  2,834  2,744  2,601  2,465  2,291  2,195  2,079  2,007  1,841  1,772  1,682  1,608  1,464  1,399  1,383 
Total assets 25,976  27,241  26,144  25,582  24,985  24,284  22,414  21,603  21,214  20,762  20,055  19,666  19,506  18,769  15,396  15,163  14,973  14,536  13,907  13,365  13,045  12,707  12,367  12,217  11,897 
Long-term Activity Ratio
Total asset turnover1 0.62 0.58 0.58 0.56 0.55 0.53 0.55 0.56 0.55 0.54 0.53 0.51 0.49 0.48 0.56 0.54 0.51 0.50 0.50 0.49 0.47 0.46
Benchmarks
Total Asset Turnover, Competitors2
Accenture PLC 1.23 1.17 1.14 1.14 1.17 1.20 1.27 1.33 1.33 1.45 1.52 1.55 1.58 1.70 1.75 1.69 1.65 1.62 1.71 1.78 1.73 1.69
Automatic Data Processing Inc. 0.26 0.31 0.27 0.30 0.34 0.37 0.34 0.30 0.38 0.34 0.29 0.36 0.36 0.36 0.30 0.29 0.35 0.33 0.28 0.30 0.35 0.27
International Business Machines Corp. 0.44 0.43 0.48 0.48 0.47 0.47 0.49 0.49 0.50 0.51 0.52 0.50 0.60 0.65 0.66 0.66 0.64 0.63
Intuit Inc. 0.69 0.62 0.56 0.53 0.81 0.70 0.88 1.06 1.12 1.08 0.98 1.21 1.24 1.15 1.01 1.11 1.30 1.27 1.02 1.11 1.21 1.10
Mastercard Inc. 0.54 0.50 0.50 0.48 0.44 0.46 0.49 0.51 0.55 0.58 0.63 0.64 0.65 0.60 0.62 0.62 0.58 0.59
Microsoft Corp. 0.53 0.50 0.52 0.50 0.49 0.47 0.49 0.47 0.47 0.44 0.46 0.46 0.45 0.43 0.42 0.39 0.38 0.37 0.39 0.38 0.40 0.44
Oracle Corp. 0.33 0.31 0.34 0.36 0.35 0.34 0.41 0.40 0.37 0.36 0.36 0.34 0.31 0.29 0.29 0.28 0.29 0.28
PayPal Holdings Inc. 0.34 0.33 0.33 0.32 0.32 0.30 0.31 0.30 0.34 0.35 0.34 0.34 0.34 0.36 0.34 0.35 0.33 0.32
Salesforce Inc. 0.34 0.32 0.34 0.34 0.34 0.31 0.32 0.44 0.42 0.43 0.47 0.46 0.48 0.50 0.57 0.54 0.52 0.48
ServiceNow Inc. 0.57 0.55 0.58 0.56 0.55 0.52 0.55 0.61 0.60 0.57 0.68 0.65 0.64 0.67 0.68 0.65 0.57 0.57
Visa Inc. 0.31 0.29 0.27 0.27 0.27 0.27 0.29 0.33 0.31 0.32 0.32 0.31 0.30 0.30 0.29 0.28 0.28 0.27 0.28 0.27 0.25 0.24

Based on: 10-Q (reporting date: 2022-03-04), 10-K (reporting date: 2021-12-03), 10-Q (reporting date: 2021-09-03), 10-Q (reporting date: 2021-06-04), 10-Q (reporting date: 2021-03-05), 10-K (reporting date: 2020-11-27), 10-Q (reporting date: 2020-08-28), 10-Q (reporting date: 2020-05-29), 10-Q (reporting date: 2020-02-28), 10-K (reporting date: 2019-11-29), 10-Q (reporting date: 2019-08-30), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-03-01), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-06-01), 10-Q (reporting date: 2018-03-02), 10-K (reporting date: 2017-12-01), 10-Q (reporting date: 2017-09-01), 10-Q (reporting date: 2017-06-02), 10-Q (reporting date: 2017-03-03), 10-K (reporting date: 2016-12-02), 10-Q (reporting date: 2016-09-02), 10-Q (reporting date: 2016-06-03), 10-Q (reporting date: 2016-03-04).

1 Q1 2022 Calculation
Total asset turnover = (RevenueQ1 2022 + RevenueQ4 2021 + RevenueQ3 2021 + RevenueQ2 2021) ÷ Total assets
= (4,262 + 4,110 + 3,935 + 3,835) ÷ 25,976 = 0.62

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Adobe Inc. total asset turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Equity Turnover

Adobe Inc., equity turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Revenue 4,262  4,110  3,935  3,835  3,905  3,424  3,225  3,128  3,091  2,992  2,834  2,744  2,601  2,465  2,291  2,195  2,079  2,007  1,841  1,772  1,682  1,608  1,464  1,399  1,383 
Stockholders’ equity 13,775  14,797  14,414  13,852  13,546  13,264  11,713  10,881  10,465  10,530  10,243  9,932  9,871  9,362  8,862  8,706  8,634  8,460  8,170  7,804  7,589  7,425  7,278  7,249  7,081 
Long-term Activity Ratio
Equity turnover1 1.17 1.07 1.05 1.04 1.01 0.97 1.06 1.11 1.11 1.06 1.04 1.02 0.97 0.96 0.97 0.93 0.89 0.86 0.84 0.84 0.81 0.79
Benchmarks
Equity Turnover, Competitors2
Accenture PLC 2.64 2.59 2.48 2.49 2.50 2.61 2.78 2.89 2.90 3.00 3.12 3.19 3.32 4.01 4.14 4.04 4.15 4.11 4.42 4.48 4.76 4.61
Automatic Data Processing Inc. 2.87 2.65 2.58 2.47 2.51 2.54 2.68 2.71 2.68 2.63 2.67 2.91 2.90 3.85 3.24 3.25 3.17 3.11 2.98 3.16 2.79 2.60
International Business Machines Corp. 3.06 3.03 3.15 3.18 3.24 3.57 3.54 3.67 3.83 3.70 4.30 4.41 4.78 4.74 4.06 4.36 4.41 4.50
Intuit Inc. 1.06 0.98 0.89 0.87 1.49 1.50 1.45 1.91 1.91 1.81 1.67 2.30 2.19 2.53 2.46 4.70 4.39 3.82 3.00 6.18 5.08 4.04
Mastercard Inc. 2.83 2.58 2.65 2.58 2.44 2.39 2.69 2.51 3.15 2.86 3.29 3.14 2.95 2.77 2.50 2.65 2.34 2.29
Microsoft Corp. 1.16 1.18 1.19 1.18 1.19 1.21 1.21 1.22 1.22 1.23 1.29 1.29 1.34 1.33 1.31 1.26 1.05 1.24 1.25 1.25 1.21 1.19
Oracle Corp. 7.73 4.46 4.98 4.13 3.24 2.79 2.54 2.14 1.81 1.67 1.30 1.05 0.87 0.83 0.70 0.68 0.70
PayPal Holdings Inc. 1.25 1.17 1.11 1.14 1.18 1.07 1.10 1.09 1.14 1.05 1.03 1.01 1.05 1.00 0.99 0.97 0.94 0.82
Salesforce Inc. 0.53 0.51 0.50 0.50 0.53 0.50 0.48 0.86 0.85 0.85 0.85 0.87 1.00 1.12 1.12 1.11 1.12 1.12
ServiceNow Inc. 1.57 1.60 1.57 1.58 1.59 1.59 1.58 1.60 1.64 1.63 2.26 2.39 2.35 2.35 2.39 2.54 2.43 3.31
Visa Inc. 0.70 0.64 0.60 0.57 0.57 0.60 0.64 0.69 0.67 0.66 0.64 0.63 0.62 0.61 0.60 0.57 0.56 0.56 0.56 0.55 0.50 0.46

Based on: 10-Q (reporting date: 2022-03-04), 10-K (reporting date: 2021-12-03), 10-Q (reporting date: 2021-09-03), 10-Q (reporting date: 2021-06-04), 10-Q (reporting date: 2021-03-05), 10-K (reporting date: 2020-11-27), 10-Q (reporting date: 2020-08-28), 10-Q (reporting date: 2020-05-29), 10-Q (reporting date: 2020-02-28), 10-K (reporting date: 2019-11-29), 10-Q (reporting date: 2019-08-30), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-03-01), 10-K (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-06-01), 10-Q (reporting date: 2018-03-02), 10-K (reporting date: 2017-12-01), 10-Q (reporting date: 2017-09-01), 10-Q (reporting date: 2017-06-02), 10-Q (reporting date: 2017-03-03), 10-K (reporting date: 2016-12-02), 10-Q (reporting date: 2016-09-02), 10-Q (reporting date: 2016-06-03), 10-Q (reporting date: 2016-03-04).

1 Q1 2022 Calculation
Equity turnover = (RevenueQ1 2022 + RevenueQ4 2021 + RevenueQ3 2021 + RevenueQ2 2021) ÷ Stockholders’ equity
= (4,262 + 4,110 + 3,935 + 3,835) ÷ 13,775 = 1.17

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Adobe Inc. equity turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.