Autodesk Inc (ADSK)
Total 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 |
| Total assets | US$ in thousands | 9,912,000 | 9,438,000 | 8,607,000 | 7,279,800 | 6,179,300 |
| Total asset turnover | 0.55 | 0.53 | 0.51 | 0.52 | 0.53 |
January 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,497,000K ÷ $9,912,000K
= 0.55
Autodesk Inc's total asset turnover ratio has been relatively stable over the past five years, ranging from 0.51 to 0.55. The ratio indicates that, on average, the company generates between $0.51 to $0.55 in revenue for every dollar of assets it owns. This suggests that Autodesk is efficiently utilizing its assets to generate sales. However, there may be room for improvement in increasing the revenue generated from its assets, as a higher ratio would indicate better efficiency in asset utilization. Overall, the trend of the total asset turnover ratio for Autodesk Inc shows consistency in asset management efficiency over the years.
Peer comparison
Jan 31, 2024