Intuit Inc (INTU)
Total asset turnover
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 18,831,000 | 18,184,000 | 17,167,000 | 16,590,000 | 16,285,000 | 15,813,000 | 15,094,000 | 14,749,000 | 14,368,000 | 14,070,000 | 13,684,000 | 13,316,000 | 12,726,000 | 12,873,000 | 11,414,000 | 10,317,000 | 9,633,000 | 8,888,000 | 7,717,000 | 7,837,000 |
| Total assets | US$ in thousands | 36,958,000 | 36,593,000 | 31,682,000 | 33,193,000 | 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 |
| Total asset turnover | 0.51 | 0.50 | 0.54 | 0.50 | 0.51 | 0.50 | 0.51 | 0.52 | 0.52 | 0.49 | 0.50 | 0.49 | 0.46 | 0.45 | 0.43 | 0.69 | 0.62 | 0.56 | 0.53 | 0.81 |
July 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $18,831,000K ÷ $36,958,000K
= 0.51
The analysis of Intuit Inc.'s total asset turnover ratio over the specified periods indicates several notable trends. From October 2020 through October 2021, the ratio displayed a general upward trajectory, rising from 0.81 to a peak of 0.69, suggesting improved efficiency in utilizing assets to generate revenue during this period. Subsequently, from October 2021 onward, the ratio experienced a decline, reaching a low of approximately 0.43 in January 2022. This decline reflects a reduction in asset utilization efficiency, which could be attributed to various factors such as increased asset base without proportional revenue growth or shifts in business operations.
Following the low point in early 2022, the ratio stabilized modestly, fluctuating around the 0.45 to 0.52 range through to 2024. This stabilization indicates a consistency in asset utilization, with slight improvements observed towards the latter part of 2023 and early 2024, reaching approximately 0.51–0.54 in late 2024 and early 2025. The relatively narrow fluctuations suggest the company has maintained a steady efficiency level in converting assets into revenue in recent periods.
Overall, the pattern demonstrates an initial period of efficiency growth, followed by a significant decrease and subsequent stabilization. The fluctuations in the ratio reflect changes in operational efficiency and asset management practices over time, possibly influenced by shifts in business strategy, market conditions, or investment in assets. These insights underscore the importance of monitoring asset utilization to understand the company's operational performance and effectiveness in generating revenue from its assets.
Peer comparison
Jul 31, 2025