Intuit Inc (INTU)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	—	—	1.72	2.26	13.59	14.61	15.50	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover	30.44	3,952.75	119.73	866.65	33.11	6,967.00	202.90	12.79	12.14	17.27	10.09	19.77	14.75	15.91	12.48	61.20	38.20	30.48	10.88	36.49
Payables turnover	9.13	6.84	7.39	9.07	8.95	6.15	7.19	8.84	7.52	6.03	5.42	7.84	6.15	4.94	5.33	9.64	8.05	6.28	5.29	8.60
Working capital turnover	7.45	5.15	13.92	11.93	8.13	6.24	15.21	10.80	8.98	5.67	21.84	4.39	3.85	3.40	5.44	1.74	1.73	3.19	4.80	4.93

Intuit Inc's activity ratios provide insights into how efficiently the company is managing its operations.

1. Inventory Turnover: The inventory turnover ratio measures how many times a company's inventory is sold and replaced during a period. Intuit's inventory turnover has fluctuated over time, with a significant decrease from 13.59 in July 2023 to 1.72 in January 2024. This sharp decline may indicate potential issues with inventory management during that period.

2. Receivables Turnover: The receivables turnover ratio indicates how efficiently a company is collecting payments from its customers. Intuit's receivables turnover has varied widely, with a substantial spike in April 2024 to 3,952.75 and a significant drop in July 2023 to 33.11. These fluctuations may suggest fluctuations in sales patterns or changes in the credit policies of the company.

3. Payables Turnover: The payables turnover ratio measures how quickly a company pays its suppliers. Intuit's payables turnover has been relatively stable over time, hovering around a range of 5 to 9. This consistency suggests that the company has been maintaining steady relationships with its suppliers in terms of payment terms.

4. Working Capital Turnover: The working capital turnover ratio assesses how efficiently a company is utilizing its working capital to generate sales. Intuit's working capital turnover has also seen fluctuations, with a notable increase in April 2022 to 21.84 and a sharp decline in January 2021 to 1.74. These variations could indicate changes in the company's efficiency in utilizing its resources to drive sales.

Overall, while Intuit Inc's activity ratios show some variability over time, it is important for the company to analyze these trends to identify areas for improvement in its operational efficiency and financial performance.

Average number of days

		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
Days of inventory on hand (DOH)	days	—	—	212.35	161.24	26.86	24.99	23.55	—	—	—	—	—	—	—	—	—	—	—	—	—
Days of sales outstanding (DSO)	days	11.99	0.09	3.05	0.42	11.03	0.05	1.80	28.55	30.06	21.14	36.17	18.46	24.74	22.94	29.26	5.96	9.55	11.98	33.54	10.00
Number of days of payables	days	39.98	53.35	49.42	40.23	40.80	59.31	50.79	41.29	48.54	60.53	67.34	46.57	59.34	73.96	68.54	37.88	45.36	58.09	69.05	42.43

Days of inventory on hand (DOH) for Intuit Inc has shown significant variability over the periods provided, ranging from 212.35 days to as low as 23.55 days. The company seems to have managed its inventory efficiently in some periods while facing inventory management challenges in others.

Days of sales outstanding (DSO) indicates the average number of days it takes for Intuit to collect revenue after a sale. The DSO also shows variability, with values ranging from 0.05 days to 36.17 days. Lower DSO values suggest efficient accounts receivable management, while higher values may indicate potential issues with collecting revenue promptly.

The number of days of payables shows how long it takes Intuit to pay its suppliers and is vital for managing working capital. The company's payables period has fluctuated between 37.88 days and 73.96 days over the periods provided. Longer payable periods can indicate better cash flow management, but they may also strain supplier relationships if extended too far.

Overall, analyzing these activity ratios can provide insights into how effectively Intuit manages its inventory, collects receivables, and pays its suppliers. Periods of high efficiency in managing these elements can positively impact the company's cash flow and profitability.

Long-term

	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
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
Total asset turnover	0.51	0.50	0.51	0.52	0.52	0.48	0.50	0.49	0.46	0.45	0.43	0.69	0.62	0.56	0.53	0.81	0.70	0.88	1.06	1.12

Intuit Inc's long-term activity ratios reveal insights into how efficiently the company is utilizing its assets to generate revenue over the years. The fixed asset turnover ratio, which measures the efficiency of the company's use of fixed assets to generate sales, has shown a generally increasing trend from 8.97 in October 2019 to 16.14 in July 2024. This indicates that Intuit has been able to generate more revenue from its fixed assets over time.

In contrast, the total asset turnover ratio, showing how efficiently the company is using all its assets to generate sales, has fluctuated but remained relatively stable between 0.43 in January 2022 to 0.52 in July 2023 and then decreased to 0.51 in July 2024. This suggests that despite improvements in fixed asset turnover, the overall efficiency of asset utilization has not shown consistent growth.

Overall, an increase in fixed asset turnover indicates improved efficiency in utilizing fixed assets, while a stable total asset turnover suggests that Intuit may have maintained a balance between generating sales and managing its total asset base effectively. However, the slight decline in total asset turnover towards the end of the period may indicate a need for Intuit to focus on optimizing its overall asset utilization to drive future growth and profitability.