Intuit Inc (INTU)

Fixed asset turnover

		Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Revenue	US$ in thousands	18,831,000	16,285,000	14,368,000	12,726,000	9,633,000
Property, plant and equipment	US$ in thousands	—	—	969,000	1,437,000	1,160,000
Fixed asset turnover		—	—	14.83	8.86	8.30

July 31, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $18,831,000K ÷ $—K
= —

The fixed asset turnover ratio for Intuit Inc. over the period from July 31, 2021, to July 31, 2023, indicates a notable change in how efficiently the company utilizes its fixed assets to generate sales. Specifically, the ratio increased from 8.30 in 2021 to 8.86 in 2022, representing a slight improvement in asset utilization. This suggests that the company's efficiency in leveraging its fixed assets to produce revenue marginally enhanced during this period.

The most significant development occurred by July 31, 2023, when the fixed asset turnover surged to 14.83. This substantial increase from the previous year's figure reflects a marked improvement in efficiency, indicating that Intuit Inc. was able to generate considerably more sales for each dollar invested in fixed assets. Such an increase could be attributed to several factors, including better asset management, technological upgrades, process improvements, or shifts in sales strategies that led to higher revenue relative to the company's fixed asset base.

Data beyond July 31, 2023, is unavailable or not provided; therefore, the analysis cannot be extended into subsequent years. The ratios up to July 2023 highlight a trend of improving asset efficiency, culminating in a peak in 2023. The absence of data for the subsequent years precludes assessment of whether this trend continued, stabilized, or reversed.

In summary, the fixed asset turnover ratio demonstrates a significant enhancement in the company's efficiency in using its fixed assets to generate sales over the analyzed period, with the most prominent increase observed in 2023. This improvement suggests effective asset management and operational efficiencies achieved during this timeframe.