Intuit Inc (INTU)
Fixed asset turnover
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,285,000 | 14,368,000 | 12,726,000 | 9,633,000 | 7,679,000 |
| Property, plant and equipment | US$ in thousands | 1,009,000 | 969,000 | 888,000 | 780,000 | 734,000 |
| Fixed asset turnover | 16.14 | 14.83 | 14.33 | 12.35 | 10.46 |
July 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $16,285,000K ÷ $1,009,000K
= 16.14
Intuit Inc's fixed asset turnover has been steadily increasing over the past five years, reflecting an improving efficiency in generating revenue from its fixed assets. The ratio has grown from 10.46 in 2020 to 16.14 in 2024. This indicates that for every dollar invested in fixed assets, the company is generating $16.14 in revenue in 2024, compared to $10.46 in 2020.
The trend suggests that Intuit is effectively utilizing its fixed assets to drive revenue growth, which may indicate better operational performance and effective resource management. The company's ability to generate more revenue per dollar of fixed assets implies a higher level of productivity and efficiency in its operations. This improving trend in fixed asset turnover is generally viewed positively by investors and creditors as it indicates a more efficient use of resources to drive business growth.
Peer comparison
Jul 31, 2024