Autodesk Inc (ADSK)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	1,210,000	1,128,000	1,090,000	1,012,000	992,000	989,000	855,000	792,000	698,000	618,000	659,400	634,400	632,500	629,100	578,500	521,100	448,800	343,000	249,500	153,600
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
Operating ROA		12.31%	11.38%	11.81%	11.11%	10.94%	10.48%	9.90%	9.63%	8.45%	7.18%	7.73%	8.55%	8.67%	8.64%	9.73%	9.07%	8.10%	5.55%	4.95%	3.15%

April 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,210,000K ÷ $9,830,000K
= 12.31%

Autodesk Inc's operating return on assets (operating ROA) has shown a positive trend over the past few quarters, indicating improved efficiency in generating profits from its assets. The operating ROA increased from 3.15% in October 2019 to 12.31% in April 2024, demonstrating a significant improvement in profitability over this period.

The company's operating ROA has generally been on an upward trajectory, with some fluctuations in between. It peaked at 12.31% in April 2024, which is the highest level in the provided data. This suggests that Autodesk has been effectively utilizing its assets to generate operating income during this period.

Overall, the increasing trend in operating ROA reflects Autodesk's ability to efficiently manage its assets and operations to generate profits. This positive trend bodes well for the company's financial performance and indicates a potentially strong foundation for future growth and profitability.