Intuit Inc (INTU)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,923,000 | 4,433,000 | 3,818,000 | 3,594,000 | 3,630,000 | 3,798,000 | 3,471,000 | 3,372,000 | 3,141,000 | 3,049,000 | 2,666,000 | 2,452,000 | 2,571,000 | 3,048,000 | 2,567,000 | 2,486,000 | 2,500,000 | 2,581,000 | 2,080,000 | 2,375,000 |
| 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 |
| Operating ROA | 13.32% | 12.11% | 12.05% | 10.83% | 11.30% | 12.03% | 11.69% | 11.84% | 11.31% | 10.54% | 9.80% | 9.05% | 9.27% | 10.69% | 9.76% | 16.72% | 16.11% | 16.38% | 14.25% | 24.47% |
July 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,923,000K ÷ $36,958,000K
= 13.32%
The analysis of Intuit Inc’s operating return on assets (operating ROA) over the specified period reveals notable fluctuations and an overall trend toward gradual improvement. At the beginning of the period, on October 31, 2020, the operating ROA was notably high at 24.47%, indicating robust operational efficiency and effective utilization of assets. However, a significant decline was observed in the subsequent period ending on January 31, 2021, with the ROA dropping to 14.25%, suggesting a deterioration in operational performance or increased asset utilization challenges during that time.
Following this trough, the ROA experienced a moderate recovery, increasing to 16.38% by April 30, 2021, and remaining relatively stable with slight variations throughout 2021. The ROA hovered around 16% in subsequent quarters until October 31, 2021, when it reached 16.72%, indicating sustained operational efficiency.
Starting in early 2022, a downward trend resumed, with the ROA decreasing to approximately 9.76% by January 31, 2022, and staying below 11% through most of 2022 and the first quarter of 2023. This decline could reflect increased asset bases without proportional revenue or margin expansion, or possibly elevated operating costs. Nonetheless, from April 30, 2023, onward, there is a visible upward trajectory, with the ROA rising steadily to 11.31% on July 31, 2023, and further to 11.84% by October 31, 2023.
The most recent data points reveal a continued improvement trend, with the ROA reaching 12.05% on January 31, 2025, and subsequently increasing to 12.11% on April 30, 2025, before peaking at 13.32% on July 31, 2025. This upward momentum suggests enhanced operational efficiency or more effective asset utilization in recent periods.
Overall, the operating ROA demonstrates significant volatility over the observed period, characterized by an initial high,mid-period decline, and a recovery track in the recent quarters. The trends imply that although the company faced periods of operational pressure, recent developments show an improvement in asset profitability and operational effectiveness, aligning with a positive outlook on its efficiency metrics in the most recent timeframe.
Peer comparison
Jul 31, 2025