Intuit Inc (INTU)
Working capital 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 current assets | US$ in thousands | 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 | 7,980,000 | 4,862,000 | 3,690,000 | 3,162,000 |
| Total current liabilities | US$ in thousands | 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 | 3,529,000 | 2,713,000 | 2,204,000 | 1,757,000 |
| 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 |
July 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $16,285,000K ÷ ($9,678,000K – $7,491,000K)
= 7.45
Intuit Inc's working capital turnover has shown fluctuations over the past few years. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A higher working capital turnover ratio indicates that the company is effectively managing its working capital to support its operations.
From the data provided, we observe that the working capital turnover ratio for Intuit Inc has varied significantly, ranging from a low of 1.74 to a high of 21.84. The trend shows some periods of significant improvement in efficiency, such as in January 2022 and January 2024 when the working capital turnover ratios were 21.84 and 13.92, respectively. This suggests that Intuit was able to generate a substantial amount of revenue relative to its working capital during those periods.
However, there are also instances where the working capital turnover ratio decreased notably, such as in April 2021 and July 2022, indicating a potential inefficiency in managing working capital during those periods.
Overall, it is important for Intuit Inc to closely monitor its working capital turnover ratio to ensure optimal utilization of resources and to sustain efficient operations. Periods of both high and low ratios should be analyzed to identify patterns and make necessary adjustments to improve the overall efficiency of working capital management.
Peer comparison
Jul 31, 2024