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Autodesk Inc. (NASDAQ:ADSK)

This company has been moved to the archive! The financial data has not been updated since December 3, 2024.

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

Autodesk Inc., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Net revenue1 ÷ Total assets1
Jan 31, 2024 0.55 = 5,497 ÷ 9,912
Jan 31, 2023 0.53 = 5,005 ÷ 9,438
Jan 31, 2022 0.51 = 4,386 ÷ 8,607
Jan 31, 2021 0.52 = 3,790 ÷ 7,280
Jan 31, 2020 0.53 = 3,274 ÷ 6,179
Jan 31, 2019 0.54 = 2,570 ÷ 4,729
Jan 31, 2018 0.50 = 2,057 ÷ 4,114
Jan 31, 2017 0.42 = 2,031 ÷ 4,798
Jan 31, 2016 0.45 = 2,504 ÷ 5,515
Jan 31, 2015 0.51 = 2,512 ÷ 4,914
Jan 31, 2014 0.49 = 2,274 ÷ 4,595
Jan 31, 2013 0.54 = 2,312 ÷ 4,308
Jan 31, 2012 0.69 = 2,216 ÷ 3,228
Jan 31, 2011 0.70 = 1,952 ÷ 2,788
Jan 31, 2010 0.70 = 1,714 ÷ 2,447
Jan 31, 2009 0.96 = 2,315 ÷ 2,421
Jan 31, 2008 0.98 = 2,172 ÷ 2,209
Jan 31, 2007 1.02 = 1,840 ÷ 1,798
Jan 31, 2006 1.12 = 1,523 ÷ 1,361
Jan 31, 2005 1.08 = 1,234 ÷ 1,142

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).

1 US$ in millions

Over the nineteen-year period ending January 31, 2024, a significant shift in asset utilization efficiency occurred. While net revenue grew from 1,234 million USD to 5,497 million USD, total assets expanded at a substantially faster rate, increasing from 1,142 million USD to 9,912 million USD. This divergence led to a long-term reduction in the total asset turnover ratio, indicating that the company required a larger asset base to generate each dollar of revenue over time.

Initial Efficiency Phase (2005–2008)
During this period, asset turnover remained relatively high, starting at 1.08 and ending at 0.98. Revenue and assets grew in near-parallel, suggesting a highly efficient relationship where the asset base was lean relative to the revenue generated.
Structural Decline in Turnover (2009–2017)
A sustained downward trend is observed starting in 2009, with the ratio falling from 0.96 to a period low of 0.42 by 2017. This decline was driven by total assets increasing from 2,421 million USD to 4,798 million USD, while net revenue experienced more volatility, including a notable dip in 2010 and 2017. The contraction of the ratio indicates a period where asset accumulation significantly outpaced revenue growth.
Stabilization and Marginal Recovery (2018–2024)
Beginning in 2018, the total asset turnover ratio stabilized, fluctuating within a narrow range between 0.50 and 0.55. Despite total assets continuing to climb toward 9,912 million USD, net revenue showed a strong and consistent upward trajectory, reaching 5,497 million USD by 2024. This suggests that the company reached a new operational equilibrium where revenue growth once again began to keep pace with the expanded asset base.

Overall, the transition from a turnover ratio above 1.0 to a stabilized level around 0.55 reflects a fundamental change in the company's balance sheet structure. The growth in total assets has historically outstripped revenue growth, though recent years demonstrate a successful effort to stabilize the efficiency of those assets.

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Comparison to Competitors

Autodesk Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Autodesk Inc. Accenture PLC Adobe Inc. AppLovin Corp. Cadence Design Systems Inc. Datadog Inc. International Business Machines Corp. Intuit Inc. Microsoft Corp. Oracle Corp. Palantir Technologies Inc. Palo Alto Networks Inc. Salesforce Inc. ServiceNow Inc. Synopsys Inc. Workday Inc.
Jan 31, 2024 0.55 1.16 0.71 0.80 0.52 0.46 0.46 0.51 0.48 0.38 0.45 0.40 0.35 0.54 0.47 0.44
Jan 31, 2023 0.53 1.25 0.65 0.61 0.72 0.54 0.46 0.52 0.51 0.37 0.49 0.48 0.32 0.52 0.57 0.46
Jan 31, 2022 0.51 1.30 0.65 0.48 0.69 0.56 0.48 0.46 0.54 0.39 0.55 0.45 0.28 0.54 0.54 0.49
Jan 31, 2021 0.52 1.17 0.58 0.45 0.68 0.43 0.43 0.62 0.50 0.31 0.47 0.42 0.32 0.55 0.48 0.50
Jan 31, 2020 0.53 1.20 0.53 — 0.68 0.32 0.47 0.70 0.47 0.34 0.41 0.38 0.31 0.52 0.46 0.53
Jan 31, 2019 0.54 1.45 0.54 — 0.70 0.35 0.51 1.08 0.44 0.36 — 0.44 0.43 0.57 0.52 0.51
Jan 31, 2018 0.50 1.70 0.48 — 0.87 — 0.65 1.15 0.43 0.29 — 0.39 0.50 0.67 0.51 0.43
Jan 31, 2017 0.42 1.62 0.50 — 0.80 — 0.63 1.27 0.37 0.28 — 0.51 0.48 0.57 0.50 0.50
Jan 31, 2016 0.45 1.69 0.46 — 0.87 — 0.68 1.10 0.44 0.33 — 0.50 0.52 0.68 0.46 0.43
Jan 31, 2015 0.51 1.80 0.41 — 0.72 — 0.74 0.84 0.53 0.34 — 0.47 0.50 0.56 0.44 0.33
Jan 31, 2014 0.49 1.78 0.38 — 0.49 — 0.79 0.87 0.50 0.42 — 0.40 0.44 0.48 0.43 0.22
Jan 31, 2013 0.54 1.80 0.39 — 0.60 — 0.79 0.76 0.55 0.45 — 0.68 0.55 0.36 0.45 0.29
Jan 31, 2012 0.69 1.79 0.44 — 0.58 — 0.88 0.89 0.61 0.47 — 0.63 0.54 0.51 0.42 —
Jan 31, 2011 0.70 1.74 0.47 — 0.65 — 0.92 0.75 0.64 0.48 — — 0.54 — 0.46 —
Jan 31, 2010 0.70 1.80 0.47 — 0.54 — 0.88 0.66 0.73 0.44 — — 0.53 — 0.42 —
Jan 31, 2009 0.96 1.89 0.40 — 0.60 — 0.88 0.66 0.75 0.49 — — 0.73 — 0.46 —
Jan 31, 2008 0.98 2.04 0.61 — 0.62 — 0.95 0.66 0.83 0.47 — — 0.69 — 0.49 —
Jan 31, 2007 1.02 2.00 0.55 — 0.42 — 0.82 0.63 0.81 0.52 — — 0.75 — 0.46 —
Jan 31, 2006 1.12 1.94 0.43 — 0.43 — 0.89 0.85 0.64 0.50 — — 0.71 — 0.51 —
Jan 31, 2005 1.08 1.91 0.81 — 0.39 — 0.86 0.75 0.56 0.57 — — 0.63 — 0.46 —

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).

Comparison to Sector (Software & Services)

Autodesk Inc., total asset turnover, long-term trends, comparison to sector (software & services)

Microsoft Excel
Autodesk Inc. Software & Services
Jan 31, 2024 0.55 0.49
Jan 31, 2023 0.53 0.51
Jan 31, 2022 0.51 0.53
Jan 31, 2021 0.52 0.49
Jan 31, 2020 0.53 0.48
Jan 31, 2019 0.54 0.50
Jan 31, 2018 0.50 0.51
Jan 31, 2017 0.42 0.47
Jan 31, 2016 0.45 0.54
Jan 31, 2015 0.51 0.59
Jan 31, 2014 0.49 0.61
Jan 31, 2013 0.54 0.66
Jan 31, 2012 0.69 0.72
Jan 31, 2011 0.70 0.75
Jan 31, 2010 0.70 0.76
Jan 31, 2009 0.96 0.79
Jan 31, 2008 0.98 0.86
Jan 31, 2007 1.02 0.81
Jan 31, 2006 1.12 0.78
Jan 31, 2005 1.08 0.77

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).

Comparison to Industry (Information Technology)

Autodesk Inc., total asset turnover, long-term trends, comparison to industry (information technology)

Microsoft Excel
Autodesk Inc. Information Technology
Jan 31, 2024 0.55 0.58
Jan 31, 2023 0.53 0.61
Jan 31, 2022 0.51 0.64
Jan 31, 2021 0.52 0.62
Jan 31, 2020 0.53 0.58
Jan 31, 2019 0.54 0.59
Jan 31, 2018 0.50 0.59
Jan 31, 2017 0.42 0.51
Jan 31, 2016 0.45 0.55
Jan 31, 2015 0.51 0.63
Jan 31, 2014 0.49 0.64
Jan 31, 2013 0.54 0.66
Jan 31, 2012 0.69 0.70
Jan 31, 2011 0.70 0.73
Jan 31, 2010 0.70 0.72
Jan 31, 2009 0.96 0.69
Jan 31, 2008 0.98 0.79
Jan 31, 2007 1.02 0.76
Jan 31, 2006 1.12 0.75
Jan 31, 2005 1.08 0.76

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).