Autodesk Inc (ADSK)
Liquidity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.69 | 0.82 | 0.75 | 0.73 | 0.72 | 0.84 | 0.73 | 0.64 | 0.62 | 0.69 | 0.81 | 0.50 | 0.48 | 0.81 | 0.83 | 0.84 | 0.79 | 0.83 | 0.60 | 0.56 |
| Quick ratio | 0.57 | 0.72 | 0.65 | 0.64 | 0.63 | 0.76 | 0.64 | 0.54 | 0.52 | 0.62 | 0.72 | 0.42 | 0.40 | 0.77 | 0.77 | 0.77 | 0.71 | 0.78 | 0.54 | 0.49 |
| Cash ratio | 0.49 | 0.52 | 0.50 | 0.53 | 0.54 | 0.52 | 0.47 | 0.42 | 0.42 | 0.44 | 0.55 | 0.30 | 0.29 | 0.57 | 0.57 | 0.58 | 0.57 | 0.57 | 0.36 | 0.37 |
Autodesk Inc's liquidity ratios have shown fluctuations over the periods indicated. The current ratio, which measures the company's ability to cover short-term liabilities with current assets, has generally declined from early 2020 to early 2023 before trending upwards. The ratio ranged from 0.48 to 0.84 during this period, with a lower ratio indicating potential challenges in meeting short-term obligations.
The quick ratio, a more stringent measure of liquidity as it excludes inventory from current assets, also exhibited a downward trend from early 2020 to early 2023 before recovering slightly. The quick ratio ranged from 0.40 to 0.77, reflecting the company's ability to fulfill immediate obligations without relying on inventory.
The cash ratio, representing the proportion of cash and cash equivalents to current liabilities, followed a similar pattern as the quick ratio. It ranged from 0.29 to 0.58 over the same period, demonstrating Autodesk's available cash relative to short-term liabilities.
Overall, Autodesk's liquidity ratios have shown variability, with periods of improvement and declines. It is essential for the company to maintain a healthy liquidity position to ensure it can meet its financial obligations and fund its operations effectively.
See also:
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | -91.37 | -13.26 | -52.26 | -62.73 | -70.93 | -7.48 | -56.67 | -53.86 | -80.54 | -46.06 | -72.72 | -73.98 | -99.82 | -70.75 | -80.25 | -60.72 | -57.95 | -21.32 | -60.49 | -65.70 |
The cash conversion cycle for Autodesk Inc has fluctuated over the past few quarters, indicating varying efficiency in managing its working capital. The negative values of the cash conversion cycle suggest that the company is able to convert its investments in inventory and receivables into cash relatively quickly.
In the most recent quarter, as of April 30, 2024, the cash conversion cycle stood at -91.37 days, indicating that Autodesk has improved its efficiency in converting its resources into cash compared to the previous quarter. However, it is important to note that this improvement may have been influenced by seasonal factors or specific strategies implemented by the company.
Looking at the trend over the past few quarters, Autodesk experienced a significant decrease in its cash conversion cycle from the beginning of 2023 to mid-2023, suggesting a period of improved working capital management. However, the cycle increased in the subsequent quarters, indicating potential challenges in maintaining this efficiency.
Overall, Autodesk's management of its cash conversion cycle appears to have been somewhat inconsistent, with periods of both improvement and deterioration. It would be important for investors and stakeholders to closely monitor future financial reports to assess the company's ability to efficiently manage its working capital in the long term.