Autodesk Inc (ADSK)
Fixed asset turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,497,000 | 5,005,000 | 4,386,000 | 3,790,000 | 3,274,300 |
| Property, plant and equipment | US$ in thousands | 121,000 | 144,000 | 162,000 | 192,800 | 161,700 |
| Fixed asset turnover | 45.43 | 34.76 | 27.07 | 19.66 | 20.25 |
January 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,497,000K ÷ $121,000K
= 45.43
Autodesk Inc's fixed asset turnover has been fluctuating over the past five years. The ratio has shown an increasing trend from 2019 to 2024, indicating that the company is generating more revenue relative to its investment in fixed assets. This suggests improved efficiency in utilizing its fixed assets to generate sales.
The significant increase in fixed asset turnover from 2019 to 2024 highlights a positive trend in asset utilization efficiency. A higher fixed asset turnover ratio implies that Autodesk Inc is generating more revenue per dollar invested in fixed assets, indicating improved asset management and operational efficiency.
Overall, the increasing trend in fixed asset turnover over the years reflects positively on Autodesk Inc's ability to optimize the utilization of its fixed assets to drive sales growth.
Peer comparison
Jan 31, 2024