Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Paying user area
Try for free
Autodesk Inc. pages available for free this week:
- Cash Flow Statement
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Autodesk Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Long-term Activity Ratios (Summary)
Autodesk Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
The analysis of the financial ratios over the provided periods reveals notable trends in asset utilization and equity turnover. These patterns offer insights into operational efficiency and capital management across the timeline.
- Net Fixed Asset Turnover
- This ratio demonstrates a consistent upward trajectory starting from April 30, 2019, with initial values around 17.17, increasing steadily to reach 51.39 by April 30, 2024. The increase from approximately 20 in early 2020 to over 50 by 2024 suggests improving effectiveness in using fixed assets to generate sales. The sharp rise from January 31, 2022 onward indicates a significant acceleration in asset utilization efficiency.
- Net Fixed Asset Turnover (Including Operating Lease, Right-of-Use Asset)
- This metric starts at 17.17 in April 2019 but experiences a significant drop to 5.94 by July 2019, followed by a gradual recovery to 19.87 by January 2024. Despite fluctuations, there is a clear upward trend from 2021 onward, reflecting improved integration of leased assets in turnover calculations and possibly enhanced management of leased asset utilization.
- Total Asset Turnover
- The total asset turnover ratio exhibits moderate fluctuations around the 0.5 to 0.6 range over the periods. There is no strong directional trend; values peak at 0.62 in multiple quarters (October 2018, July 2019) but tend to dip below 0.55 in some later quarters. This indicates relative stability in the efficiency with which all assets are generating revenue, albeit without significant improvement or deterioration.
- Equity Turnover
- Equity turnover data is incomplete prior to July 2020. The accessible data shows an initial spike with values exceeding 50 in October 2020 and January 2021, which then sharply declines to a range fluctuating around 2 to 6 in subsequent quarters. Since April 2021, the equity turnover ratio has generally decreased over time, descending from about 5.17 to approximately 2.28 by October 2024. This decline could reflect changes in equity structure, profit margins, or asset financing strategies impacting the efficiency of equity in generating sales.
Net Fixed Asset Turnover
Autodesk Inc., net fixed asset turnover calculation (quarterly data)
| 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 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||||||||||||||
| Computer equipment, software, furniture and leasehold improvements, net | |||||||||||||||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||||||
| Net fixed asset turnover1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | |||||||||||||||||||||||||||||||||||
| Fair Isaac Corp. | |||||||||||||||||||||||||||||||||||
| 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. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
1 Q3 2025 Calculation
Net fixed asset turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Computer equipment, software, furniture and leasehold improvements, net
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data reveals several key trends over the examined periods concerning revenue generation and fixed asset utilization.
- Net Revenue
- The net revenue shows a consistent upward trajectory throughout the periods. Starting from US$560 million in April 2018, it increased steadily with minor fluctuations, reaching US$1,570 million by October 2024. This demonstrates a substantial growth in revenue, more than doubling over the given timeframe, with occasional slight dips such as in April 2019 and April 2023, which were quickly recovered in subsequent quarters.
- Computer Equipment, Software, Furniture, and Leasehold Improvements, Net
- This asset category exhibits a modest downward trend over the period. Initial values around US$158 million in April 2018 gradually decline to approximately US$116 million by October 2024. The reduction is gradual but consistent, suggesting potential divestment, depreciation, or reduced reinvestment in fixed assets under this category.
- Net Fixed Asset Turnover Ratio
- This ratio shows a marked improvement across the periods, starting from the earliest recorded value of 17.17 and increasing steadily to 51.39 by October 2024. The rise in this ratio implies that the company has been generating significantly more revenue per unit of net fixed assets over time, reflecting improved asset efficiency or possibly the impact of slower growth or reduction in asset base amid increasing revenues.
Overall, the data indicates strong revenue growth accompanied by a decrease in fixed asset values, together with an increasing efficiency in asset utilization. These patterns suggest effective management of asset resources in relation to expanding sales, contributing to enhanced operational performance.
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Autodesk Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||||||||||||||
| Computer equipment, software, furniture and leasehold improvements, net | |||||||||||||||||||||||||||||||||||
| Operating lease right-of-use assets | |||||||||||||||||||||||||||||||||||
| Computer equipment, software, furniture and leasehold improvements, net (including operating lease, right-of-use asset) | |||||||||||||||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | |||||||||||||||||||||||||||||||||||
| Fair Isaac Corp. | |||||||||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||||||||
| Palantir Technologies Inc. | |||||||||||||||||||||||||||||||||||
| Palo Alto Networks Inc. | |||||||||||||||||||||||||||||||||||
| Salesforce Inc. | |||||||||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||||||||
| Synopsys Inc. | |||||||||||||||||||||||||||||||||||
| Workday Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
1 Q3 2025 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset)
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Computer equipment, software, furniture and leasehold improvements, net (including operating lease, right-of-use asset)
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals several notable trends over the period from April 30, 2018, through October 31, 2024.
- Net Revenue
- Net revenue demonstrates a consistent upward trend throughout the observed quarters. Starting at $560 million in April 2018, revenue increased steadily, with minor fluctuations, reaching $1,570 million by October 2024. This nearly threefold increase indicates robust growth and expanding market presence. Despite occasional small declines, particularly visible in some quarters such as April 2019 and April 2023, the overall trajectory remains positive and strong.
- Computer Equipment, Software, Furniture, and Leasehold Improvements, Net
- This asset category shows a different pattern. Initial values were relatively stable around $145–158 million until January 2019, after which there was a sudden and significant increase to $463 million in April 2019. Following this spike, a gradual and continuous decline is observed over the subsequent quarters, dropping to $300 million by October 2024. The sharp increase followed by a steady decrease may reflect changes in capital investment strategy or asset revaluation, possibly due to adoption or disposal of right-of-use assets under lease accounting standards.
- Net Fixed Asset Turnover (Including Operating Lease, Right-of-Use Asset)
- Net fixed asset turnover displays remarkable growth, moving from approximately 17.17 in October 2018 to 19.87 by October 2024. Early data points are limited but from April 2019 onward, the ratio steadily increases, with occasional minor declines that do not affect the overall upward trend. This increase implies more efficient utilization of fixed assets to generate revenue, aligning with the decreasing net asset base and rising revenues. It suggests operational improvements in asset management and productivity over time.
In summary, the company shows strong revenue growth accompanied by a decreasing asset base in fixed assets and related items, resulting in improved net fixed asset turnover ratios. This pattern indicates enhanced operational efficiency and potential strategic shifts in asset management, supporting sustained financial performance improvements across the analyzed periods.
Total Asset Turnover
Autodesk Inc., total asset turnover calculation (quarterly data)
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||||||
| Total asset turnover1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | |||||||||||||||||||||||||||||||||||
| Fair Isaac Corp. | |||||||||||||||||||||||||||||||||||
| 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. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
1 Q3 2025 Calculation
Total asset turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Total assets
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of the financial data over the indicated periods reveals several notable trends and patterns regarding revenue generation, asset base evolution, and operational efficiency as measured by asset turnover.
- Net Revenue
- Net revenue exhibits an overall upward trend throughout the observed quarters. Starting at 560 million US dollars in April 2018, it generally increases with some fluctuations, reaching 1570 million US dollars by October 2024. Notable growth phases occur between January 2021 and January 2022, as well as from July 2023 onwards. Minor declines or plateaus are observed intermittently, such as around April 2019 and April 2023, indicating potential seasonal or market-related effects.
- Total Assets
- The total asset base shows a clear long-term growth trajectory, expanding from 3911 million US dollars in April 2018 to over 10,000 million US dollars by October 2024. This upward movement is consistent, with occasional periods of slower growth or slight decreases—most prominently between April 2022 and April 2023. The asset base grows significantly in the early 2020 to early 2021 period, suggesting potential investments or acquisitions that enhanced the asset pool.
- Total Asset Turnover
- The total asset turnover ratio, which measures efficiency in using assets to generate revenue, displays a fluctuating pattern within a relatively narrow band. Early data from late 2018 to early 2019 shows an increase from 0.54 to 0.62, indicating improved efficiency. However, from 2019 onwards, the ratio oscillates mostly between 0.49 and 0.61, with occasional upward tendencies reaching 0.59 by late 2024. This suggests periods of varying operational efficiency, possibly reflecting strategic adjustments or market conditions affecting asset utilization.
Overall, the entity demonstrates steady revenue growth accompanied by a significantly expanding asset base. The relative stability of the asset turnover ratio indicates a maintained level of efficiency in asset utilization, despite the growth in assets and changes in revenue. These patterns collectively point to a strategy focused on scaling operations while cautiously managing asset productivity.
Equity Turnover
Autodesk Inc., equity turnover calculation (quarterly data)
| 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 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Net revenue | |||||||||||||||||||||||||||||||||||
| Stockholders’ equity (deficit) | |||||||||||||||||||||||||||||||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||||||||
| Equity turnover1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | |||||||||||||||||||||||||||||||||||
| Fair Isaac Corp. | |||||||||||||||||||||||||||||||||||
| 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. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
1 Q3 2025 Calculation
Equity turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Stockholders’ equity (deficit)
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data indicates that net revenue has experienced a general upward trend over the examined periods. Starting at $560 million in April 2018, net revenue increased steadily with minor fluctuations, reaching $1.57 billion by October 2024. Periods of slight decline or stagnation can be observed around April 2019 and April 2023, but overall the trajectory is positive, indicating growth in sales or service income over time.
Stockholders’ equity, initially negative negative through several quarters from April 2018 through July 2020, shows a significant turnaround beginning January 2021. Equity rose sharply from $67 million in July 2020 to $966 million by January 2021, continuing an upward trend to $2.616 billion by October 2024. This substantial improvement signals strengthening financial health, possibly due to retained earnings accumulation, capital injections, or asset revaluation. The transition from deficit to positive equity is notable, with occasional minor fluctuations but an overall strengthening position.
Equity turnover ratios were not recorded during the earlier periods but appear from January 2021 onward. Initially, the ratio is extremely high at over 50 (January and April 2021), which likely reflects the sudden increase in equity base relative to revenues. Subsequent quarters display a marked decline in equity turnover, stabilizing between approximately 2.28 and 6.71. This decline and subsequent stabilization suggest that as equity increased, the relative efficiency in generating revenue from equity moderate, aligning toward more typical turnover values for established companies.
In summary, the data reveals a pattern of steady revenue growth combined with a significant recovery and strengthening of equity. The early negative equity was replaced by a strong positive balance starting 2021, indicating improved capital structure. The equity turnover’s initial high values followed by normalization further emphasize adjustments in the relationship between equity and net revenue as the company’s financial position improved. These trends imply operational and financial stabilization and growth throughout the analyzed timeframe.