Intuit Inc (INTU)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 2,176,000 | 1,540,000 | 1,911,000 | 1,874,000 |
| Total assets | US$ in thousands | 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 | 10,931,000 | 7,764,000 | 6,701,000 | 6,183,000 |
| Operating ROA | 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% | 19.91% | 19.84% | 28.52% | 30.31% |
July 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,630,000K ÷ $32,132,000K
= 11.30%
Intuit Inc's operating return on assets (operating ROA) has exhibited some fluctuations over the past few quarters. From October 2019 to April 2020, the operating ROA was notably high, reaching 30.31% in April 2020. However, there was a substantial decrease in the following quarters, with the lowest value recorded at 9.05% in October 2022.
Since then, there has been a general upward trend in the operating ROA, with occasional fluctuations. Most recently, in July 2024, the operating ROA stood at 11.30%. This indicates that, on average, Intuit Inc generated a return of 11.30 cents for every dollar of assets employed in its operations during the quarter.
Overall, the operating ROA performance of Intuit Inc reflects some variability, suggesting changes in the company's operational efficiency and profitability over the analyzed period. The management and investors may need to further investigate the drivers behind these fluctuations to make informed decisions.
Peer comparison
Jul 31, 2024