Intuit Inc (INTU)

Return on assets (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
Net income (ttm)	US$ in thousands	2,963,000	3,072,000	2,770,000	2,585,000	2,384,000	2,239,000	1,946,000	1,878,000	2,066,000	2,502,000	2,172,000	2,092,000	2,062,000	2,127,000	1,747,000	1,967,000	1,826,000	1,337,000	1,631,000	1,580,000
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
ROA		9.22%	9.73%	9.33%	9.07%	8.58%	7.74%	7.15%	6.93%	7.45%	8.77%	8.26%	14.07%	13.29%	13.50%	11.97%	20.26%	16.70%	17.22%	24.34%	25.55%

July 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,963,000K ÷ $32,132,000K
= 9.22%

Intuit Inc's return on assets (ROA) has shown a fluctuating trend over the past few years. The ROA has generally been above 7%, indicating efficient use of assets to generate profits.

Notably, the ROA has been on an upward trajectory since the beginning of 2020, peaking at 25.55% in October 2019 before declining slightly. This suggests that the company has been effectively utilizing its assets to generate increasing profits during this period.

The recent ROA figures have remained relatively stable, ranging between 9% and 10%, which is a positive sign of consistent profitability relative to the company's asset base.

Overall, the analysis of Intuit Inc's ROA indicates a generally positive performance in terms of generating profits from its assets, with a recent trend of stability and efficiency in asset utilization.