Intuit Inc (INTU)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	6,582,000	6,062,000	5,827,000	5,716,000	5,708,000	5,668,000	5,828,000	5,923,000	5,542,000	5,427,000	4,786,000	4,162,000	3,832,000	2,966,000	2,588,000	2,467,000	2,454,000	2,413,000	2,405,000	2,340,000
Inventory	US$ in thousands	—	—	3,390,000	2,525,000	420,000	388,000	376,000	—	—	—	—	—	—	—	—	—	—	—	—	—
Inventory turnover		—	—	1.72	2.26	13.59	14.61	15.50	—	—	—	—	—	—	—	—	—	—	—	—	—

July 31, 2024 calculation

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

Inventory turnover measures how efficiently a company is managing its inventory by evaluating how many times the company sells and replaces its inventory during a specific period. A higher inventory turnover ratio indicates that the company is selling its inventory more quickly.

Looking at the inventory turnover ratios of Intuit Inc over the past few quarters, we can observe a fluctuating trend. The company's inventory turnover was relatively low at 1.72 in January 2024, but it increased significantly to 14.61 in July 2023, indicating a substantial improvement in inventory management efficiency. This high turnover ratio suggests that Intuit was able to sell and replace its inventory multiple times within that period.

However, there are missing data points in the table, which makes it difficult to provide a comprehensive trend analysis. It is important to note that a very high or very low inventory turnover ratio may not always be favorable and should be interpreted in the context of the industry and company operations.

In conclusion, based on the available data, Intuit Inc has shown variations in its inventory turnover ratios, with significant improvements in efficiency at certain points. Continuously monitoring this ratio can help assess the company's inventory management practices and operational effectiveness.