Autodesk Inc (ADSK)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover	15.99	6.28	9.23	12.97	15.42	5.21	7.63	10.93	11.89	6.12	7.26	11.29	11.94	5.89	6.76	7.22	9.61	5.02	5.98	8.44
Payables turnover	3.20	5.11	3.98	4.02	3.86	4.71	3.49	4.18	3.28	3.45	2.97	3.43	2.80	2.75	2.72	3.28	3.80	3.88	3.00	3.35
Working capital turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Inventory turnover ratio is not provided for Autodesk Inc in the data table. However, looking at the other activity ratios, we can see that the receivables turnover ratio has shown fluctuations over the periods, ranging from a low of 5.21 to a high of 15.99. This indicates that the company has been able to collect its accounts receivable multiple times during the respective periods.

On the other hand, the payables turnover ratio has also varied, with a low of 2.72 and a high of 5.11. This suggests that Autodesk Inc has been paying its suppliers at differing rates over the periods covered.

Working capital turnover ratio data is missing, so it is not possible to assess how effectively the company has been utilizing its working capital to generate sales revenues during these periods.

Overall, analyzing these activity ratios can provide insights into Autodesk Inc's management of its accounts receivable, accounts payable, and potentially working capital efficiency over time.

Average number of days

		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
Days of inventory on hand (DOH)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Days of sales outstanding (DSO)	days	22.82	58.17	39.53	28.15	23.67	70.08	47.84	33.39	30.69	59.59	50.26	32.32	30.57	61.93	54.03	50.52	38.00	72.71	61.02	43.27
Number of days of payables	days	114.19	71.43	91.79	90.88	94.60	77.56	104.51	87.25	111.23	105.66	122.99	106.30	130.39	132.68	134.29	111.24	95.95	94.03	121.51	108.97

Days of inventory on hand (DOH) for Autodesk Inc are not provided in the table, which means we do not have specific data on how many days the company's inventory is held before being sold.

Days of sales outstanding (DSO) refer to the number of days it takes for Autodesk to collect payments from its customers after a sale. The trend over the past several periods shows fluctuations in DSO, ranging from as low as 22.82 days to as high as 72.71 days. Lower DSO indicates quicker collection of receivables, while higher DSO suggests a longer collection period.

Number of days of payables reveals the average number of days Autodesk takes to pay its suppliers. The trend fluctuates over the periods, ranging from 71.43 days to 134.29 days. Higher number of days of payables could indicate that the company is taking longer to pay its bills, potentially benefiting from better cash flow management.

Analyzing these activity ratios can provide insights into Autodesk's efficiency in managing its inventory, collecting receivables, and managing payables. Fluctuations in these ratios can impact the company's working capital management and overall liquidity position. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Autodesk's performance in managing its operating cycle.

Long-term

	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
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
Total asset turnover	0.57	0.55	0.58	0.57	0.56	0.53	0.57	0.58	0.55	0.51	0.49	0.54	0.53	0.52	0.61	0.62	0.62	0.53	0.62	0.60

Autodesk Inc's fixed asset turnover ratio has been consistently increasing over the past five quarters, indicating that the company is generating more sales for each dollar invested in fixed assets. This improvement suggests that Autodesk is utilizing its fixed assets more efficiently to drive revenue growth.

On the other hand, the total asset turnover ratio has fluctuated but generally remained within a relatively stable range over the same period. A total asset turnover ratio below 1 indicates that Autodesk is not generating as much revenue from its total assets compared to its fixed assets alone. This could potentially signal inefficiencies in managing the company's total asset base.

Overall, the increasing trend in fixed asset turnover is a positive sign for Autodesk's operational efficiency and effectiveness in utilizing its fixed assets to generate sales. However, the company may need to focus on improving its total asset turnover to ensure optimal utilization of all its assets.