Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Current Ratio
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Oracle Corp., adjusted financial ratios

	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Activity Ratio
Total Asset Turnover
Reported	0.38	0.37	0.39	0.31	0.34	0.36
Adjusted	0.41	0.41	0.43	0.35	0.34	0.36
Liquidity Ratio
Current Ratio
Reported	0.72	0.91	1.62	2.30	3.03	2.49
Adjusted	1.05	1.54	2.90	3.69	5.81	4.67
Solvency Ratios
Debt to Equity
Reported	9.98	84.33	—	16.08	5.93	2.58
Adjusted	7.92	16.82	—	8.51	3.95	1.97
Debt to Capital
Reported	0.91	0.99	1.09	0.94	0.86	0.72
Adjusted	0.89	0.94	1.04	0.89	0.80	0.66
Financial Leverage
Reported	16.20	125.24	—	25.03	9.56	4.99
Adjusted	10.83	21.63	—	11.52	6.03	3.67
Profitability Ratios
Net Profit Margin
Reported	19.76%	17.02%	15.83%	33.96%	25.94%	28.05%
Adjusted	17.02%	14.71%	10.94%	30.86%	22.47%	25.29%
Return on Equity (ROE)
Reported	120.26%	792.45%	—	262.43%	83.94%	50.87%
Adjusted	76.48%	131.78%	—	124.66%	46.50%	33.81%
Return on Assets (ROA)
Reported	7.42%	6.33%	6.15%	10.48%	8.78%	10.20%
Adjusted	7.06%	6.09%	4.75%	10.82%	7.71%	9.22%

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Oracle Corp. adjusted total asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Oracle Corp. adjusted current ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Oracle Corp. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Oracle Corp. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Oracle Corp. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

Oracle Corp., Financial Ratios: Reported vs. Adjusted

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	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Reported
Selected Financial Data (US$ in millions)
Revenues	52,961)	49,954)	42,440)	40,479)	39,068)	39,506)
Total assets	140,976)	134,384)	109,297)	131,107)	115,438)	108,709)
Activity Ratio
Total asset turnover¹	0.38	0.37	0.39	0.31	0.34	0.36
Adjusted
Selected Financial Data (US$ in millions)
Adjusted revenues²	53,569)	50,782)	42,096)	41,334)	38,624)	39,583)
Adjusted total assets³	129,188)	122,586)	96,877)	117,844)	112,595)	108,542)
Activity Ratio
Adjusted total asset turnover⁴	0.41	0.41	0.43	0.35	0.34	0.36

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

¹ 2024 Calculation
Total asset turnover = Revenues ÷ Total assets
= 52,961 ÷ 140,976 = 0.38

² Adjusted revenues. See details »

³ Adjusted total assets. See details »

⁴ 2024 Calculation
Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 53,569 ÷ 129,188 = 0.41

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Oracle Corp. adjusted total asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Reported
Selected Financial Data (US$ in millions)
Current assets	22,554)	21,004)	31,633)	55,567)	52,140)	46,386)
Current liabilities	31,544)	23,090)	19,511)	24,164)	17,200)	18,630)
Liquidity Ratio
Current ratio¹	0.72	0.91	1.62	2.30	3.03	2.49
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets²	23,039)	21,432)	31,995)	55,940)	52,549)	46,757)
Adjusted current liabilities³	21,995)	13,921)	11,023)	15,164)	9,048)	10,017)
Liquidity Ratio
Adjusted current ratio⁴	1.05	1.54	2.90	3.69	5.81	4.67

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

¹ 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 22,554 ÷ 31,544 = 0.72

² Adjusted current assets. See details »

³ Adjusted current liabilities. See details »

⁴ 2024 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 23,039 ÷ 21,995 = 1.05

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Liquidity ratio	Description	The company
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Oracle Corp. adjusted current ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt	86,869)	90,481)	75,859)	84,245)	71,597)	56,167)
Total Oracle Corporation stockholders’ equity (deficit)	8,704)	1,073)	(6,220)	5,238)	12,074)	21,785)
Solvency Ratio
Debt to equity¹	9.98	84.33	—	16.08	5.93	2.58
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt²	94,414)	95,330)	79,517)	87,027)	73,695)	58,325)
Adjusted total stockholders’ equity (deficit)³	11,925)	5,667)	(2,916)	10,232)	18,665)	29,607)
Solvency Ratio
Adjusted debt to equity⁴	7.92	16.82	—	8.51	3.95	1.97

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

¹ 2024 Calculation
Debt to equity = Total debt ÷ Total Oracle Corporation stockholders’ equity (deficit)
= 86,869 ÷ 8,704 = 9.98

² Adjusted total debt. See details »

³ Adjusted total stockholders’ equity (deficit). See details »

⁴ 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total stockholders’ equity (deficit)
= 94,414 ÷ 11,925 = 7.92

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	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt	86,869)	90,481)	75,859)	84,245)	71,597)	56,167)
Total capital	95,573)	91,554)	69,639)	89,483)	83,671)	77,952)
Solvency Ratio
Debt to capital¹	0.91	0.99	1.09	0.94	0.86	0.72
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt²	94,414)	95,330)	79,517)	87,027)	73,695)	58,325)
Adjusted total capital³	106,339)	100,997)	76,601)	97,259)	92,360)	87,932)
Solvency Ratio
Adjusted debt to capital⁴	0.89	0.94	1.04	0.89	0.80	0.66

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

¹ 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 86,869 ÷ 95,573 = 0.91

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 94,414 ÷ 106,339 = 0.89

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Oracle Corp. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.

	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total assets	140,976)	134,384)	109,297)	131,107)	115,438)	108,709)
Total Oracle Corporation stockholders’ equity (deficit)	8,704)	1,073)	(6,220)	5,238)	12,074)	21,785)
Solvency Ratio
Financial leverage¹	16.20	125.24	—	25.03	9.56	4.99
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets²	129,188)	122,586)	96,877)	117,844)	112,595)	108,542)
Adjusted total stockholders’ equity (deficit)³	11,925)	5,667)	(2,916)	10,232)	18,665)	29,607)
Solvency Ratio
Adjusted financial leverage⁴	10.83	21.63	—	11.52	6.03	3.67

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

¹ 2024 Calculation
Financial leverage = Total assets ÷ Total Oracle Corporation stockholders’ equity (deficit)
= 140,976 ÷ 8,704 = 16.20

² Adjusted total assets. See details »

³ Adjusted total stockholders’ equity (deficit). See details »

⁴ 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total stockholders’ equity (deficit)
= 129,188 ÷ 11,925 = 10.83

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	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income	10,467)	8,503)	6,717)	13,746)	10,135)	11,083)
Revenues	52,961)	49,954)	42,440)	40,479)	39,068)	39,506)
Profitability Ratio
Net profit margin¹	19.76%	17.02%	15.83%	33.96%	25.94%	28.05%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income before noncontrolling interests in income²	9,120)	7,468)	4,605)	12,755)	8,679)	10,011)
Adjusted revenues³	53,569)	50,782)	42,096)	41,334)	38,624)	39,583)
Profitability Ratio
Adjusted net profit margin⁴	17.02%	14.71%	10.94%	30.86%	22.47%	25.29%

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

¹ 2024 Calculation
Net profit margin = 100 × Net income ÷ Revenues
= 100 × 10,467 ÷ 52,961 = 19.76%

² Adjusted net income before noncontrolling interests in income. See details »

³ Adjusted revenues. See details »

⁴ 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net income before noncontrolling interests in income ÷ Adjusted revenues
= 100 × 9,120 ÷ 53,569 = 17.02%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Oracle Corp. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income	10,467)	8,503)	6,717)	13,746)	10,135)	11,083)
Total Oracle Corporation stockholders’ equity (deficit)	8,704)	1,073)	(6,220)	5,238)	12,074)	21,785)
Profitability Ratio
ROE¹	120.26%	792.45%	—	262.43%	83.94%	50.87%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income before noncontrolling interests in income²	9,120)	7,468)	4,605)	12,755)	8,679)	10,011)
Adjusted total stockholders’ equity (deficit)³	11,925)	5,667)	(2,916)	10,232)	18,665)	29,607)
Profitability Ratio
Adjusted ROE⁴	76.48%	131.78%	—	124.66%	46.50%	33.81%

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

¹ 2024 Calculation
ROE = 100 × Net income ÷ Total Oracle Corporation stockholders’ equity (deficit)
= 100 × 10,467 ÷ 8,704 = 120.26%

² Adjusted net income before noncontrolling interests in income. See details »

³ Adjusted total stockholders’ equity (deficit). See details »

⁴ 2024 Calculation
Adjusted ROE = 100 × Adjusted net income before noncontrolling interests in income ÷ Adjusted total stockholders’ equity (deficit)
= 100 × 9,120 ÷ 11,925 = 76.48%

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	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income	10,467)	8,503)	6,717)	13,746)	10,135)	11,083)
Total assets	140,976)	134,384)	109,297)	131,107)	115,438)	108,709)
Profitability Ratio
ROA¹	7.42%	6.33%	6.15%	10.48%	8.78%	10.20%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income before noncontrolling interests in income²	9,120)	7,468)	4,605)	12,755)	8,679)	10,011)
Adjusted total assets³	129,188)	122,586)	96,877)	117,844)	112,595)	108,542)
Profitability Ratio
Adjusted ROA⁴	7.06%	6.09%	4.75%	10.82%	7.71%	9.22%

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

¹ 2024 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 10,467 ÷ 140,976 = 7.42%

² Adjusted net income before noncontrolling interests in income. See details »

³ Adjusted total assets. See details »

⁴ 2024 Calculation
Adjusted ROA = 100 × Adjusted net income before noncontrolling interests in income ÷ Adjusted total assets
= 100 × 9,120 ÷ 129,188 = 7.06%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Oracle Corp. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

Oracle Corp. (NYSE:ORCL)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Oracle Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Current Ratio

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)