Intuit Inc (INTU)
Total 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 |
| Total assets | US$ in thousands | 32,132,000 | 31,560,000 | 29,688,000 | 28,488,000 | 27,780,000 | 28,921,000 | 27,202,000 | 27,085,000 | 27,734,000 | 28,514,000 | 26,303,000 | 14,870,000 | 15,516,000 | 15,758,000 | 14,598,000 | 9,707,000 | 10,931,000 | 7,764,000 | 6,701,000 | 6,183,000 |
| 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 |
July 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $16,285,000K ÷ $32,132,000K
= 0.51
Intuit Inc's total asset turnover ratio has exhibited fluctuations over the past 20 quarters. The ratio ranged from 0.43 to 1.12 during this period.
In the recent quarters, the total asset turnover ratio has been relatively stable, ranging between 0.50 and 0.52. This indicates that, on average, Intuit generated $0.50 to $0.52 in revenue for every dollar of total assets it holds.
The significant increase in total asset turnover from 0.43 in Q1 2022 to 1.12 in Q4 2019 is notable. This surge may suggest an improvement in efficiency in utilizing its assets to generate revenue during that period. However, this rapid increase may also be a result of specific events or changes in business operations rather than a sustained trend.
Overall, analyzing the total asset turnover ratio provides insights into how effectively Intuit is utilizing its assets to generate revenue. It is crucial for investors and stakeholders to monitor this ratio over time to assess the company's operational efficiency and financial performance.
Peer comparison
Jul 31, 2024