Analysis of Geographic Areas
Autodesk Inc. operates in 3 regions: Americas; Europe, Middle East and Africa; and Asia Pacific.
Area Asset Turnover
Autodesk Inc., asset turnover by geographic area
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| Americas | 10.33 | 7.78 | 5.15 | 3.40 | 2.86 | 9.13 |
| Europe, Middle East and Africa | 32.41 | 26.47 | 18.36 | 13.42 | 17.20 | 44.97 |
| Asia Pacific | 22.11 | 20.98 | 28.87 | 16.60 | 11.08 | 41.50 |
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).
- Americas
-
The asset turnover ratio in the Americas exhibited a notable decline from 9.13 in early 2019 to 2.86 in early 2020, indicating a significant reduction in efficiency or asset utilization in this region during that period. Following this drop, the ratio gradually improved over the subsequent years, reaching 3.4 in 2021, 5.15 in 2022, 7.78 in 2023, and ultimately 10.33 in early 2024. This upward trend reflects a steady recovery and strengthening in the region’s asset turnover, culminating in a level surpassing the initial 2019 figure.
- Europe, Middle East and Africa (EMEA)
-
The EMEA region began with a very high asset turnover ratio of 44.97 in early 2019, which sharply declined to 17.2 in early 2020 and continued to decrease to 13.42 in 2021. However, from 2021 onwards, the ratio showed signs of recovery, rising to 18.36 in 2022 and further increasing to 26.47 in 2023, followed by 32.41 in early 2024. Despite the initial downtick, the region demonstrates a robust recovery trajectory, with ratios progressively improving but not yet returning to the peak level observed in 2019.
- Asia Pacific
-
In the Asia Pacific region, the asset turnover ratio decreased sharply from 41.5 in early 2019 to 11.08 in early 2020, indicating a considerable drop in asset efficiency. After this decline, the ratio experienced growth to 16.6 in 2021 and then a more pronounced jump to 28.87 in 2022. However, the ratio decreased somewhat to 20.98 in 2023 before increasing again slightly to 22.11 in early 2024. This pattern suggests moderate volatility in asset utilization, with an overall recovery following the initial drop but fluctuating performance in the last two years.
Area Asset Turnover: Americas
Autodesk Inc.; Americas; area asset turnover calculation
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net revenue | 2,438) | 2,092) | 1,765) | 1,542) | 1,336) | 1,050) |
| Long-lived assets | 236) | 269) | 343) | 453) | 467) | 115) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 10.33 | 7.78 | 5.15 | 3.40 | 2.86 | 9.13 |
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).
1 2024 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 2,438 ÷ 236 = 10.33
- Net Revenue
- Net revenue for the Americas region has demonstrated a consistent upward trend over the six-year period. Starting from 1,050 million US dollars in January 2019, revenue increased steadily each year, reaching 2,438 million US dollars by January 2024. This represents more than a doubling of net revenue, indicating strong sales growth and likely effective market strategies within the region.
- Long-Lived Assets
- Long-lived assets exhibit a declining pattern over the same period. The value peaked at 467 million US dollars in January 2020, but has since decreased year-over-year to reach 236 million US dollars in January 2024. This reduction suggests a possible asset divestiture, depreciation, or lower capital investment in physical or long-term assets within the Americas.
- Area Asset Turnover
- The area asset turnover ratio shows significant variation initially, followed by a strong improvement in recent years. The ratio dropped sharply from 9.13 in January 2019 to 2.86 in January 2020, signifying lower efficiency in using assets to generate revenue during that period. However, from 2020 onward, there is a steady and marked increase, reaching 10.33 by January 2024. This indicates improved management and utilization of assets to drive revenue growth, which aligns with the observed revenue increase and declining asset base.
- Overall Insights
- The combined trends reveal that while the company reduced its long-lived assets in the Americas, it achieved considerable growth in net revenue. The increased asset turnover ratio confirms enhanced efficiency in leveraging existing assets. This pattern suggests a shift towards a more asset-light operational model or more effective asset deployment, contributing to sustainable revenue expansion.
Area Asset Turnover: Europe, Middle East and Africa
Autodesk Inc.; Europe, Middle East and Africa; area asset turnover calculation
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net revenue | 2,042) | 1,906) | 1,700) | 1,473) | 1,304) | 1,034) |
| Long-lived assets | 63) | 72) | 93) | 110) | 76) | 23) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 32.41 | 26.47 | 18.36 | 13.42 | 17.20 | 44.97 |
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).
1 2024 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 2,042 ÷ 63 = 32.41
- Net Revenue
- The net revenue for the region has demonstrated a consistent upward trend over the six-year period. Starting at $1,034 million in 2019, it increased significantly each year, reaching $2,042 million by 2024. This represents almost a doubling of revenue in the given timeframe, indicating strong and sustained growth in this geographic area.
- Long-Lived Assets
- The value of long-lived assets exhibited considerable fluctuation throughout the examined period. Initially, assets grew sharply from $23 million in 2019 to a peak of $110 million in 2021. After this peak, a downward trend is observed, with asset values declining to $63 million by 2024. This pattern suggests a possible divestment or depreciation of assets following a period of accumulation.
- Area Asset Turnover
- The area asset turnover ratio, which measures revenue generated per unit of long-lived assets, showed significant variation. The ratio started very high at 44.97 in 2019, then dropped sharply to 17.2 in 2020 and further declined to 13.42 in 2021. However, from 2021 onwards, the ratio improved considerably, rising to 32.41 by 2024. This indicates enhanced efficiency in utilizing assets to generate revenue in the later years, despite the reduction in the asset base.
- Summary
- Overall, the data indicates robust revenue growth alongside a fluctuating asset base. Initially, increased assets were not efficiently leveraged, as reflected by declining asset turnover ratios. Yet, from 2021 forward, a reversal in this trend is observed, with better asset efficiency coinciding with continued revenue growth and a shrinking asset base. This could be interpreted as optimization of asset utilization, possibly through strategic asset management or operational improvements in the region.
Area Asset Turnover: Asia Pacific
Autodesk Inc.; Asia Pacific; area asset turnover calculation
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net revenue | 1,017) | 1,007) | 921) | 775) | 635) | 486) |
| Long-lived assets | 46) | 48) | 32) | 47) | 57) | 12) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 22.11 | 20.98 | 28.87 | 16.60 | 11.08 | 41.50 |
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).
1 2024 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 1,017 ÷ 46 = 22.11
- Net Revenue
- The net revenue in the Asia Pacific region demonstrated a consistent upward trend from January 31, 2019 to January 31, 2024. Starting at $486 million in 2019, revenue increased steadily each year, reaching $1,017 million by 2024. The growth rate was particularly strong between 2019 and 2022, with annual increments gradually slowing down but maintaining positive momentum through to 2024.
- Long-lived Assets
- Long-lived assets displayed a more volatile pattern over the examined period. Beginning at $12 million in 2019, assets saw a substantial increase to $57 million in 2020, followed by a decline to $47 million in 2021 and a further drop to $32 million in 2022. Subsequently, assets rose again in 2023 to $48 million before slightly decreasing to $46 million in 2024. This fluctuation contrasts with the steadier revenue growth, indicating variability in asset investment or valuation in the region.
- Area Asset Turnover
- The area asset turnover ratio, reflecting the efficiency in utilizing assets to generate revenue, showed significant variation. The ratio started extremely high at 41.5 in 2019, then sharply decreased to 11.08 in 2020. After this drop, the ratio increased to 16.6 in 2021 and peaked at 28.87 in 2022. The ratio subsequently decreased to 20.98 in 2023 and slightly increased to 22.11 in 2024. These fluctuations suggest changes in operational efficiency or asset management, with a notable decrease in efficiency in 2020 followed by partial recovery in subsequent years.
- Summary
- The Asia Pacific region experienced solid revenue growth over the six-year period, indicating expanding market presence or sales volume. However, the long-lived assets and asset turnover ratio showed considerable variability, suggesting adjustments in asset base and efficiency. The sharp decline in asset turnover in 2020 followed by fluctuating recovery points to changing dynamics in asset utilization. Overall, while revenue growth remains strong, asset management and operational efficiency demonstrate more complexity and variability over time.
Long-lived assets
Autodesk Inc., long-lived assets by geographic area
US$ in millions
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| U.S. | 221) | 256) | 323) | 424) | 434) | 98) |
| Other Americas | 15) | 13) | 20) | 30) | 33) | 18) |
| Americas | 236) | 269) | 343) | 453) | 467) | 115) |
| Europe, Middle East and Africa | 63) | 72) | 93) | 110) | 76) | 23) |
| Asia Pacific | 46) | 48) | 32) | 47) | 57) | 12) |
| Total | 345) | 389) | 467) | 610) | 601) | 150) |
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).
- General Trend of Long-Lived Assets
- There is a noticeable peak in total long-lived assets in the fiscal year ending January 31, 2021, reaching 610 million US dollars, followed by a consistent decline each year thereafter down to 345 million US dollars by January 31, 2024.
- Americas Region
- The Americas region, combining the U.S. and Other Americas, shows a similar pattern to the total assets. After a significant increase from 115 million in 2019 to 467 million in 2020 and 453 million in 2021, there is a marked decrease in subsequent years: falling to 343 million in 2022, 269 million in 2023, and 236 million in 2024.
- U.S. Specific Trends
- The U.S., constituting the majority of the Americas' assets, mirrors the overall trend with a notable rise from 98 million in 2019 to a peak of 434 million in 2020 and then a steady decrease to 221 million by 2024. The decline post-2021 is relatively pronounced, suggesting a possible reallocation or disposal of long-lived assets.
- Other Americas
- Other Americas displays more volatility with asset values increasing from 18 million in 2019 to 33 million in 2020, then decreasing irregularly to 15 million by 2024. The trend does not reflect the same level of growth or stability as seen in the U.S. segment.
- Europe, Middle East, and Africa (EMEA)
- The EMEA region shows growth from 23 million in 2019 to a peak of 110 million in 2021, followed by a gradual decline to 63 million by 2024. Despite the decrease, the level in 2024 remains substantially higher than the initial 2019 figure, indicating a longer-term expansion in this region compared to others.
- Asia Pacific
- Asia Pacific experiences growth from 12 million in 2019 to 57 million in 2020, with fluctuations thereafter. After a decline to 32 million in 2022, it rebounds slightly to 48 million in 2023, then marginally decreases to 46 million in 2024. Overall, this region shows a more variable and less consistent trend than others.
- Regional Comparison and Insights
- The Americas dominate the long-lived assets portfolio, particularly driven by the U.S., but face a notable contraction after 2021. EMEA has shown meaningful growth up to 2021 and retains elevated asset levels compared to 2019, suggesting strategic investments or acquisitions in this region. Asia Pacific’s pattern is less stable but generally maintains levels above 2019 figures in recent years. The total decline from 2021 onward across most regions may imply company-wide strategic asset management changes, such as divestitures, impairments, or shifts toward less capital-intensive operations.
Net revenue
Autodesk Inc., net revenue by geographic area
US$ in millions
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| U.S. | 1,978) | 1,720) | 1,457) | 1,282) | 1,109) | 875) |
| Other Americas | 460) | 372) | 309) | 261) | 227) | 175) |
| Americas | 2,438) | 2,092) | 1,765) | 1,542) | 1,336) | 1,050) |
| Europe, Middle East and Africa | 2,042) | 1,906) | 1,700) | 1,473) | 1,304) | 1,034) |
| Asia Pacific | 1,017) | 1,007) | 921) | 775) | 635) | 486) |
| Total | 5,497) | 5,005) | 4,386) | 3,790) | 3,274) | 2,570) |
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).
- Revenue Trends in the U.S.
- The U.S. segment shows a consistent upward trend in net revenue from 2019 to 2024, with values increasing from $875 million in 2019 to $1,978 million in 2024. The growth appears steady, with the largest year-over-year increase occurring between 2022 and 2023.
- Revenue Trends in Other Americas
- The Other Americas region also demonstrates steady growth over the period. Net revenue rose from $175 million in 2019 to $460 million in 2024, exhibiting a relatively smooth increase without significant fluctuations. Growth is consistent year-over-year, reflecting expanding business activities in this region.
- Overall Americas Region
- Combining U.S. and Other Americas data, the Americas region shows a substantial increase in net revenue, rising from $1,050 million in 2019 to $2,438 million in 2024. This represents more than a doubling of revenue over the five-year period and highlights the Americas as a key driver of revenue growth.
- Europe, Middle East and Africa (EMEA) Revenue
- The EMEA region also exhibits steady revenue growth, moving from $1,034 million in 2019 to $2,042 million in 2024. Growth is fairly linear, with moderate annual increases, indicating gradual expansion and increased market penetration in this region.
- Asia Pacific Revenue
- The Asia Pacific region shows continuous growth from $486 million in 2019 to $1,017 million in 2024. While the increase is significant over the full period, growth appears to slow in the last year, with a marginal increase between 2023 and 2024 compared to previous years.
- Total Net Revenue
- Total net revenue increased consistently each year, growing from $2,570 million in 2019 to $5,497 million in 2024. This steady increase indicates robust overall performance and an expanding global footprint. The total growth more than doubles over the span analyzed, reflecting the combined positive contributions of all geographic regions.
- Summary of Geographic Contributions
- All regions contribute positively to the overall revenue growth. The Americas region achieves the highest absolute increase, followed by EMEA, while the Asia Pacific region, despite solid growth, shows signs of revenue growth deceleration in the most recent period. There are no indications of revenue decline or volatility in any region during the period analyzed.