Autodesk Inc (ADSK)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	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
Revenue (ttm)	US$ in thousands	6,131,000	5,961,000	5,805,000	5,645,000	5,497,000	5,346,000	5,212,000	5,104,000	5,005,000	4,898,600	4,744,400	4,567,100	4,386,400	4,214,000	4,040,600	3,894,000	3,790,400	3,650,500	3,540,800	3,424,500
Property, plant and equipment	US$ in thousands	—	—	—	—	—	365,000	136,000	140,000	144,000	420,000	446,000	465,000	467,000	555,400	582,600	197,300	609,500	191,500	594,000	164,200
Fixed asset turnover		—	—	—	—	—	14.65	38.32	36.46	34.76	11.66	10.64	9.82	9.39	7.59	6.94	19.74	6.22	19.06	5.96	20.86

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,131,000K ÷ $—K
= —

The fixed asset turnover ratio for Autodesk Inc has shown significant fluctuations over the periods presented in the data. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenues.

In April 2020, the fixed asset turnover was exceptionally high at 20.86, indicating that Autodesk was generating $20.86 in revenue for every $1 invested in fixed assets. This level of efficiency could be attributed to strong productivity and revenue generation from its fixed assets during that period.

Subsequently, the ratio decreased sharply to 5.96 in July 2020, signaling a decline in the efficiency of asset utilization. This could indicate either a decrease in revenue generation or an increase in the value of fixed assets.

The ratio improved in October 2020 to 19.06, suggesting that Autodesk was able to enhance its fixed asset utilization efficiency. However, the ratio fluctuated in the following periods, ranging between 6.22 to 11.66, indicating mixed performance in asset turnover.

Notably, in January 2023 and subsequent periods, the fixed asset turnover ratio surged significantly to above 30, reaching a peak of 38.32 in July 2023. Such high ratios indicate a substantial increase in revenue generation relative to the value of fixed assets, signaling improved efficiency in asset utilization during these periods.

Although the data shows that the fixed asset turnover ratio was not available for the periods after October 31, 2023, it is clear that Autodesk experienced varying levels of efficiency in utilizing its fixed assets over the years covered by the data. Monitoring this ratio can provide insights into the company's operational efficiency and effectiveness in managing its fixed assets to generate revenues.