Analysis of Geographic Areas
Adobe Inc. operates in 3 regions: Americas; Europe, Middle East and Africa (EMEA); and Asia-Pacific (APAC).
Area Asset Turnover
Adobe Inc., asset turnover by geographic area
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
|---|---|---|---|---|---|---|
| Americas | 6.69 | 6.06 | 6.07 | 5.60 | 5.76 | 5.61 |
| Europe, Middle East and Africa (EMEA) | 56.10 | 66.57 | 67.49 | 53.13 | 54.70 | 49.97 |
| Asia-Pacific (APAC) | 14.23 | 18.66 | 19.67 | 16.37 | 15.44 | 12.23 |
Based on: 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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Americas | Americas area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Europe, Middle East and Africa (EMEA) | Europe, Middle East and Africa (EMEA) area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Asia-Pacific (APAC) | Asia-Pacific (APAC) area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Americas
Adobe Inc.; Americas; area asset turnover calculation
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 11,654) | 10,251) | 8,996) | 7,454) | 6,506) | 5,117) |
| Property and equipment, net | 1,741) | 1,691) | 1,481) | 1,330) | 1,129) | 913) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 6.69 | 6.06 | 6.07 | 5.60 | 5.76 | 5.61 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Revenue ÷ Property and equipment, net
= 11,654 ÷ 1,741 = 6.69
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Americas | Americas area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Area Asset Turnover: Europe, Middle East and Africa (EMEA)
Adobe Inc.; Europe, Middle East and Africa (EMEA); area asset turnover calculation
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 4,881) | 4,593) | 4,252) | 3,400) | 2,975) | 2,550) |
| Property and equipment, net | 87) | 69) | 63) | 64) | 54) | 51) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 56.10 | 66.57 | 67.49 | 53.13 | 54.70 | 49.97 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Revenue ÷ Property and equipment, net
= 4,881 ÷ 87 = 56.10
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe, Middle East and Africa (EMEA) | Europe, Middle East and Africa (EMEA) area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Asia-Pacific (APAC)
Adobe Inc.; Asia-Pacific (APAC); area asset turnover calculation
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 2,874) | 2,762) | 2,537) | 2,014) | 1,690) | 1,363) |
| Property and equipment, net | 202) | 148) | 129) | 123) | 109) | 111) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 14.23 | 18.66 | 19.67 | 16.37 | 15.44 | 12.23 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Revenue ÷ Property and equipment, net
= 2,874 ÷ 202 = 14.23
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia-Pacific (APAC) | Asia-Pacific (APAC) area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Revenue
Adobe Inc., revenue by geographic area
US$ in millions
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
|---|---|---|---|---|---|---|
| United States | 10,460) | 9,217) | 8,104) | 6,746) | 5,904) | 4,632) |
| Other | 1,194) | 1,034) | 892) | 708) | 602) | 484) |
| Americas | 11,654) | 10,251) | 8,996) | 7,454) | 6,506) | 5,117) |
| Europe, Middle East and Africa (EMEA) | 4,881) | 4,593) | 4,252) | 3,400) | 2,975) | 2,550) |
| Asia-Pacific (APAC) | 2,874) | 2,762) | 2,537) | 2,014) | 1,690) | 1,363) |
| Total | 19,409) | 17,606) | 15,785) | 12,868) | 11,171) | 9,030) |
Based on: 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).
Property and equipment, net
Adobe Inc., property and equipment, net by geographic area
US$ in millions
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
|---|---|---|---|---|---|---|
| United States | 1,740) | 1,690) | 1,480) | 1,328) | 1,126) | 882) |
| Other | 1) | 1) | 1) | 2) | 3) | 30) |
| Americas | 1,741) | 1,691) | 1,481) | 1,330) | 1,129) | 913) |
| Europe, Middle East and Africa (EMEA) | 87) | 69) | 63) | 64) | 54) | 51) |
| Asia-Pacific (APAC) | 202) | 148) | 129) | 123) | 109) | 111) |
| Total | 2,030) | 1,908) | 1,673) | 1,517) | 1,293) | 1,075) |
Based on: 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).