Autodesk Inc (ADSK)

Total 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
Total assets	US$ in thousands	9,830,000	9,912,000	9,226,000	9,107,000	9,069,000	9,438,000	8,635,000	8,227,000	8,261,000	8,607,000	8,531,000	7,420,600	7,298,300	7,279,800	5,944,500	5,747,300	5,543,900	6,179,300	5,036,600	4,872,700
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

April 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,645,000K ÷ $9,830,000K
= 0.57

Autodesk Inc's total asset turnover ratio has shown some fluctuation over the past few years, ranging from 0.49 to 0.62. The ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate revenue.

In the most recent period, the total asset turnover ratio was 0.57, which suggests that for every dollar of assets, the company generated $0.57 in sales. This indicates a moderate level of efficiency in asset utilization.

While there have been fluctuations in the ratio over the past few years, it generally remains within a relatively narrow range. It is important for Autodesk Inc to analyze the factors influencing this ratio and work towards improving it to enhance operational efficiency and profitability.