Intuit Inc (INTU)

Operating return on assets (Operating ROA)

		Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Operating income	US$ in thousands	4,923,000	3,630,000	3,141,000	2,571,000	2,500,000
Total assets	US$ in thousands	36,958,000	32,132,000	27,780,000	27,734,000	15,516,000
Operating ROA		13.32%	11.30%	11.31%	9.27%	16.11%

July 31, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $4,923,000K ÷ $36,958,000K
= 13.32%

The operating return on assets (ROA) for Intuit Inc. over the specified period reflects notable fluctuations and a general upward trend in recent years. As of July 31, 2021, the operating ROA stood at 16.11%, indicating a strong efficiency in converting assets into operating income at that time. However, by July 31, 2022, this metric declined significantly to 9.27%, suggesting a decrease in operational efficiency or increased asset utilization costs, which may have adversely impacted profitability relative to the asset base.

Subsequently, the operating ROA demonstrated a recovery trend, rising to 11.31% by July 31, 2023. This improvement indicates that the company managed to enhance its operational efficiency or generated higher operating income relative to its assets. The metric remained relatively stable in the following year, marginally decreasing to 11.30% by July 31, 2024, which suggests a stabilization of operating efficiency at that level.

Looking ahead to July 31, 2025, the operating ROA is projected to increase further to 13.32%. This anticipated rise points toward continued improvement in operational performance or asset utilization, contributing to higher profitability margins concerning assets employed.

Overall, the trend in Intuit Inc.'s operating ROA indicates a period of initial decline followed by a steady recovery and modest growth. The recent upward movement suggests efforts to optimize operational efficiency and effective management of assets, leading to improved returns on the company's asset base.