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Adobe Systems Inc  (NAS:ADBE) Total Assets: $13,907 Mil (As of Aug. 2017)

Adobe Systems Inc's total assets for the quarter that ended in Aug. 2017 was $13,907 Mil.

During the past 12 months, Adobe Systems Inc's average Total Assets Growth Rate was 7.80% per year. During the past 3 years, the average Total Assets Growth Rate was 3.30% per year. During the past 5 years, the average Total Assets Growth Rate was 5.40% per year. During the past 10 years, the average Total Assets Growth Rate was 8.90% per year.

During the past 13 years, Adobe Systems Inc's highest 3-Year average Total Assets Growth Rate was 103.80%. The lowest was -11.30%. And the median was 15.10%.

Total Assets is connected with ROA %. Adobe Systems Inc's annualized ROA % for the quarter that ended in Aug. 2017 was 12.31%. Total Assets is also linked to Revenue through Asset Turnover. Adobe Systems Inc's Asset Turnover for the quarter that ended in Aug. 2017 was 0.14.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Adobe Systems Inc Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Total Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10,040.23 10,380.30 10,785.83 11,726.47 12,707.11

Adobe Systems Inc Quarterly Data

Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17
Total Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12,367.44 12,707.11 13,044.78 13,364.90 13,906.82

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

Total assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Adobe Systems Inc's Total Assets for the fiscal year that ended in Nov. 2016 is calculated as

Total Assets=Total Equity (A: Nov. 2016 )+Total Liabilities (A: Nov. 2016 )
=7424.835+5282.279
=12,707

Adobe Systems Inc's Total Assets for the quarter that ended in Aug. 2017 is calculated as

Total Assets=Total Equity (Q: Aug. 2017 )+Total Liabilities (Q: Aug. 2017 )
=8170.434+5736.381
=13,907

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Total Assets is connected with Return on Assets.

{COMPANY->company}'s annualized ROA % for the quarter that ended in Aug. 2017 is

ROA %=Net Income (Q: Aug. 2017 )/( (Total Assets (Q: May. 2017 )+Total Assets (Q: Aug. 2017 ))/ 2 )
=1678.276/( (13364.9+13906.815)/ 2 )
=1678.276/13635.8575
=12.31 %

Note: The Net Income data used here is four times the quarterly (Aug. 2017) net income data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Adobe Systems Inc's Asset Turnover for the quarter that ended in Aug. 2017 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Aug. 2017 )/( (Total Assets (Q: May. 2017 )+Total Assets (Q: Aug. 2017 ))/ 2 )
=1841.074/( (13364.9+13906.815)/ 2 )
=1841.074/13635.8575
=0.14

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.

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