Intuit Inc (INTU)
Fixed asset turnover
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 18,831,000 | 18,184,000 | 17,167,000 | 16,590,000 | 16,285,000 | 15,813,000 | 15,094,000 | 14,749,000 | 14,368,000 | 14,070,000 | 13,684,000 | 13,316,000 | 12,726,000 | 12,873,000 | 11,414,000 | 10,317,000 | 9,633,000 | 8,888,000 | 7,717,000 | 7,837,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | — | 969,000 | 938,000 | 931,000 | 1,461,000 | 1,437,000 | 858,000 | 1,270,000 | 1,194,000 | 1,160,000 | 791,000 | 792,000 | 743,000 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | 14.83 | 15.00 | 14.70 | 9.11 | 8.86 | 15.00 | 8.99 | 8.64 | 8.30 | 11.24 | 9.74 | 10.55 |
July 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $18,831,000K ÷ $—K
= —
The fixed asset turnover ratio of Intuit Inc. demonstrates notable fluctuations over the periods analyzed. During the fiscal year ending October 31, 2020, the ratio was 10.55, indicating a solid level of asset utilization. The ratio decreased slightly to 9.74 by January 31, 2021, suggesting a temporary decline in asset efficiency. Subsequently, it increased to 11.24 by April 30, 2021, reflecting an improvement in the utilization of fixed assets to generate sales revenue.
The ratio then declined again to 8.30 on July 31, 2021, and maintained a relatively stable but modest level of 8.64 by October 31, 2021, indicating a contraction in fixed asset efficiency during that period. A gradual recovery was observed as the ratio increased to 8.99 in the quarter ending January 31, 2022.
A significant upward shift occurred in the fiscal quarter ending April 30, 2022, when the ratio rose sharply to 15.00, the highest point in the observed period, suggesting a markedly increased efficiency in utilizing fixed assets to generate sales. The ratio then slightly declined to 8.86 on July 31, 2022, and further stabilized around 9.11 by October 31, 2022.
In the subsequent quarters, the ratio showed a resurgence: reaching 14.70 on January 31, 2023, and maintaining a consistent 15.00 in April 2023, indicating high levels of asset efficiency during these periods. The ratio slightly dipped to 14.83 on July 31, 2023, before data availability ends at October 31, 2023.
Overall, the fixed asset turnover ratio exhibits periods of both decline and substantial increase, with notable peaks around April 2022 and early 2023, implying phases of enhanced asset utilization potentially linked to operational efficiencies, product launches, or strategic initiatives. The fluctuations suggest that while Intuit has experienced periods of high asset efficiency, there have also been phases of reduced utilization, reflecting underlying operational or strategic variations during the analyzed timeframe.
Peer comparison
Jul 31, 2025