Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

Adobe Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-28), 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 total asset turnover ratio for the period examined demonstrates considerable fluctuation, though with an overall upward trend. Initially, the ratio exhibited a substantial decline followed by a period of relative stability, and then a marked increase in later years.

Initial Decline (2005-2006)
A significant decrease in the total asset turnover ratio is observed from 0.81 in 2005 to 0.43 in 2006. This suggests a considerable reduction in revenue generated for each dollar of assets held during this period. This could be attributed to a rapid increase in total assets without a corresponding increase in revenue.
Period of Stabilization (2006-2009)
Following the initial decline, the ratio fluctuated between 0.40 and 0.61 for several years. This indicates a period where the company’s efficiency in utilizing its assets to generate revenue remained relatively consistent, albeit at a lower level than in 2005. The ratio shows a slight recovery to 0.55 in 2007, followed by a peak at 0.61 in 2008, then a decline to 0.40 in 2009.
Gradual Improvement (2010-2016)
From 2010 onwards, a gradual upward trend in the total asset turnover ratio is apparent. The ratio increased from 0.47 in 2010 to 0.46 in 2016, indicating a slow but steady improvement in asset utilization. This suggests the company was becoming more efficient in converting its investments in assets into revenue.
Accelerated Growth (2017-2025)
The period from 2017 to 2025 demonstrates a more pronounced increase in the ratio, rising from 0.50 to 0.81. This signifies a substantial improvement in the company’s ability to generate revenue from its asset base. The ratio reached 0.65 in 2022 and continued to climb, peaking at 0.81 in 2025. This suggests effective asset management and potentially successful strategic initiatives.

Overall, the trend indicates that while the company experienced a period of lower asset utilization in the mid-2000s, it has demonstrably improved its efficiency in recent years. The increasing ratio suggests a positive correlation between asset investment and revenue generation, indicating effective management of resources.


Comparison to Competitors

Adobe Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-28), 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)


Comparison to Industry (Information Technology)