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Adobe (CHIX:ADBD) EBIT : €6,567 Mil (TTM As of Nov. 2024)


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What is Adobe EBIT?

Adobe's earnings before interest and taxes (EBIT) for the three months ended in Nov. 2024 was €1,923 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Nov. 2024 was €6,567 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Adobe's annualized ROC % for the quarter that ended in Nov. 2024 was 25.36%. Adobe's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2024 was 365.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Adobe's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2024 was 3.38%.


Adobe EBIT Historical Data

The historical data trend for Adobe's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Adobe EBIT Chart

Adobe Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,631.03 5,096.57 6,003.72 6,386.69 6,688.20

Adobe Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
EBIT Get a 7-Day Free Trial 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 1,696.46 922.37 1,823.18 1,898.35 1,922.62

Competitive Comparison of Adobe's EBIT

For the Software - Infrastructure subindustry, Adobe's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.


Adobe's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Adobe's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Adobe's EV-to-EBIT falls into.



Adobe EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Nov. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €6,567 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Adobe  (CHIX:ADBd) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Adobe's annualized ROC % for the quarter that ended in Nov. 2024 is calculated as:

ROC % (Q: Nov. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2024 ) + Invested Capital (Q: Nov. 2024 ))/ count )
=7373.976 * ( 1 - 15.47% )/( (24001.034 + 25154.226)/ 2 )
=6233.2219128/24577.63
=25.36 %

where

Invested Capital(Q: Aug. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=27055.81 - 2082.472 - ( 6816.105 - max(0, 8747.108 - 9719.412+6816.105))
=24001.034

Invested Capital(Q: Nov. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=28476.66 - 2652.672 - ( 7428.612 - max(0, 9910.782 - 10580.544+7428.612))
=25154.226

Note: The Operating Income data used here is four times the quarterly (Nov. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Adobe's annualized ROC (Joel Greenblatt) % for the quarter that ended in Nov. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Nov. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2024  Q: Nov. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7690.488/( ( (2119.659 + max(-4420.718, 0)) + (2088.414 + max(-5276.142, 0)) )/ 2 )
=7690.488/( ( 2119.659 + 2088.414 )/ 2 )
=7690.488/2104.0365
=365.51 %

where Working Capital is:

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1634.414 + 0 + 1268.893) - (2082.472 + 5241.553 + 0)
=-4420.718

Working Capital(Q: Nov. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1951.824 + 0 + 1200.108) - (2652.672 + 5775.402 + 0)
=-5276.142

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Nov. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Adobe's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Nov. 2024 )
=6566.513/193992.744
=3.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Adobe EBIT Related Terms

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Adobe Business Description

Address
345 Park Avenue, San Jose, CA, USA, 95110-2704
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

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