Intuit Inc (INTU)
Fixed asset turnover
| 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 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,285,000 | 15,811,000 | 15,086,000 | 14,733,000 | 14,368,000 | 13,934,000 | 13,594,000 | 13,272,000 | 12,726,000 | 12,848,000 | 11,403,000 | 10,319,000 | 9,633,000 | 8,878,000 | 7,710,000 | 7,833,000 | 7,679,000 | 6,857,000 | 7,127,000 | 6,933,000 |
| Property, plant and equipment | US$ in thousands | 1,009,000 | 1,032,000 | 1,049,000 | 1,013,000 | 969,000 | 938,000 | 931,000 | 926,000 | 888,000 | 858,000 | 831,000 | 789,000 | 780,000 | 791,000 | 792,000 | 743,000 | 734,000 | 745,000 | 758,000 | 773,000 |
| Fixed asset turnover | 16.14 | 15.32 | 14.38 | 14.54 | 14.83 | 14.86 | 14.60 | 14.33 | 14.33 | 14.97 | 13.72 | 13.08 | 12.35 | 11.22 | 9.73 | 10.54 | 10.46 | 9.20 | 9.40 | 8.97 |
July 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,285,000K ÷ $1,009,000K
= 16.14
The fixed asset turnover ratio for Intuit Inc has shown a generally increasing trend over the past few years, indicating improved efficiency in generating sales from its fixed assets. The ratio has consistently remained above 10, which is considered a positive sign.
The significant increase in the fixed asset turnover from 8.97 in October 2019 to 16.14 in July 2024 suggests that the company has been successful in utilizing its fixed assets more effectively to generate revenue. This could be attributed to the company's strategic investments in technology and infrastructure, which have likely contributed to increased productivity and sales.
Overall, the trend in fixed asset turnover for Intuit Inc reflects the company's ability to efficiently use its fixed assets to drive revenue growth, which is a crucial aspect of its operational performance and financial health.
Peer comparison
Jul 31, 2024