Autodesk Inc (ADSK)

Fixed asset turnover

		Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019
Revenue (ttm)	US$ in thousands	5,645,000	5,497,000	5,346,000	5,212,000	5,104,000	5,005,000	4,898,000	4,744,000	4,567,000	4,386,000	4,214,100	4,040,500	3,893,600	3,790,300	3,650,500	3,540,800	3,424,500	3,274,300	3,112,300	2,930,500
Property, plant and equipment	US$ in thousands	117,000	121,000	128,000	136,000	140,000	144,000	149,000	154,000	162,000	162,000	193,600	198,300	197,300	192,800	191,500	177,800	164,200	161,700	151,500	151,400
Fixed asset turnover		48.25	45.43	41.77	38.32	36.46	34.76	32.87	30.81	28.19	27.07	21.77	20.38	19.73	19.66	19.06	19.91	20.86	20.25	20.54	19.36

April 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,645,000K ÷ $117,000K
= 48.25

Autodesk Inc's fixed asset turnover has been fluctuating over the past several quarters, starting at 19.36 in July 2019 and reaching a peak of 48.25 in April 2024. Fixed asset turnover measures the efficiency of a company's use of its fixed assets to generate revenue, and a higher ratio indicates better asset utilization.

The trend of increasing fixed asset turnover from lower values to higher values indicates that Autodesk has been more efficient in generating revenue from its fixed assets over time. This improvement suggests that Autodesk has been managing its fixed assets more effectively, potentially through better asset utilization or increased sales.

Overall, the upward trend in fixed asset turnover for Autodesk Inc is a positive indicator of the company's operational efficiency and effectiveness in generating revenue from its fixed assets.