Intuit Inc (INTU)
Working capital 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 current assets | US$ in thousands | 14,107,000 | 13,965,000 | 9,135,000 | 10,726,000 | 9,678,000 | 9,236,000 | 7,300,000 | 6,231,000 | 5,557,000 | 6,649,000 | 4,756,000 | 4,554,000 | 5,047,000 | 5,858,000 | 3,490,000 | 4,487,000 | 5,157,000 | 5,327,000 | 4,094,000 | 6,651,000 |
| Total current liabilities | US$ in thousands | 10,370,000 | 9,654,000 | 7,179,000 | 8,619,000 | 7,491,000 | 6,163,000 | 6,216,000 | 4,996,000 | 3,790,000 | 4,415,000 | 3,862,000 | 3,325,000 | 3,630,000 | 3,591,000 | 2,968,000 | 2,138,000 | 2,655,000 | 2,712,000 | 2,677,000 | 2,152,000 |
| Working capital turnover | 5.04 | 4.22 | 8.78 | 7.87 | 7.45 | 5.15 | 13.92 | 11.94 | 8.13 | 6.30 | 15.31 | 10.83 | 8.98 | 5.68 | 21.87 | 4.39 | 3.85 | 3.40 | 5.45 | 1.74 |
July 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $18,831,000K ÷ ($14,107,000K – $10,370,000K)
= 5.04
The working capital turnover ratio for Intuit Inc exhibits notable fluctuations over the analyzed period. Initially, the ratio was relatively low at 1.74 as of October 31, 2020, indicating limited efficiency in utilizing working capital to generate sales. The ratio then increased significantly to 5.45 by January 31, 2021, and experienced a moderate decline to 3.40 in April 2021 before rising again to 3.85 in July 2021 and 4.39 in October 2021.
A substantial jump occurred in January 2022, reaching 21.87, which suggests a period of heightened efficiency or a change in working capital management, possibly driven by increased sales or optimized asset utilization. Following this peak, the ratio declined to 5.68 in April 2022 and 8.98 in July 2022, then further to 10.83 in October 2022, maintaining relatively elevated levels. By January 2023, the ratio reached 15.31, indicating improved turnover efficiency, but then decreased again to 6.30 in April 2023 and slightly increased to 8.13 in July 2023.
The ratio continued its upward trend to 11.94 as of October 2023 and remained elevated at 13.92 in January 2024. Subsequently, the ratio declined to 5.15 in April 2024 before slightly recovering to 7.45 in July 2024 and a further increase to 7.87 by October 2024. By January 2025, the ratio rose again to 8.78, then declined to 4.22 in April 2025, and slightly increased to 5.04 in July 2025.
Overall, the working capital turnover ratio demonstrates periods of rapid change, highlighting variability in the company's efficiency in managing its working capital relative to sales. The substantial spike in January 2022 signals a potential shift in operational efficiency, whereas the subsequent fluctuations suggest ongoing adjustments in working capital management practices.
Peer comparison
Jul 31, 2025