Intuit Inc (INTU)

Inventory turnover

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Cost of revenue	US$ in thousands	6,582,000	5,708,000	5,542,000	3,822,000	2,769,000
Inventory	US$ in thousands	—	420,000	—	-1,431,000	-620,000
Inventory turnover		—	13.59	—	—	—

July 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $6,582,000K ÷ $—K
= —

Based on the available data, Intuit Inc's inventory turnover for the fiscal year ending July 31, 2023, was 13.59. This ratio signifies that the company's inventory was sold and replaced approximately 13.59 times during that fiscal year. A higher inventory turnover ratio generally indicates efficient inventory management and a faster conversion of inventory into sales. However, as data for other years is not provided, it is challenging to assess the trend or make comparative analysis over multiple years. A stable or increasing inventory turnover ratio over time would indicate that Intuit is effectively managing its inventory levels, reducing the risk of obsolete inventory, and optimizing its resources. Further data spanning multiple years would provide a more comprehensive understanding of Intuit's inventory turnover performance.