Intuit Inc (INTU)
Total asset turnover
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 18,831,000 | 16,285,000 | 14,368,000 | 12,726,000 | 9,633,000 |
| Total assets | US$ in thousands | 36,958,000 | 32,132,000 | 27,780,000 | 27,734,000 | 15,516,000 |
| Total asset turnover | 0.51 | 0.51 | 0.52 | 0.46 | 0.62 |
July 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $18,831,000K ÷ $36,958,000K
= 0.51
The total asset turnover ratio for Intuit Inc. over the period from July 31, 2021, to July 31, 2025, exhibits notable fluctuations with an overall modest variation within a relatively narrow range.
On July 31, 2021, the ratio stood at 0.62, indicating that the company generated approximately $0.62 in revenue for every dollar of assets employed. This figure declined substantially in the subsequent year, reaching 0.46 by July 31, 2022. The decrease suggests a reduction in asset efficiency, potentially reflecting increased asset base without a proportional increase in sales, or shifts in operational efficiency.
Following this decline, the ratio experienced partial recovery, rising to 0.52 as of July 31, 2023. This increase indicates a relative improvement in asset utilization compared to the previous year, although the ratio remained below the 2021 level.
In the subsequent years, the ratio stabilized, recording 0.51 on July 31, 2024, and maintaining that level through July 31, 2025. The consistency in these figures implies a steady state in asset utilization efficiency during this period, with no significant improvements or deteriorations.
Overall, the trend of the total asset turnover for Intuit Inc. suggests initial higher efficiency in revenue generation relative to assets in 2021, followed by a dip in 2022, and subsequent stabilization in the subsequent years. This pattern may reflect strategic shifts, changes in operational scale, or asset management practices, but the ratios remain within a relatively consistent range, indicating stability in asset utilization efficiency over the observed timeframe.
Peer comparison
Jul 31, 2025