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.
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).
The analysis of the quarterly financial ratios reveals distinct trends and variations over the observed periods. These ratios provide insights into asset utilization efficiency and equity dynamics.
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio exhibits a general upward trend from the initial period to the most recent quarter. Starting at approximately 18, the ratio gradually increased, indicating improved efficiency in using fixed assets to generate revenue. This increase is particularly marked from early 2021 onward, where the ratio rose sharply from around 27 to over 51 by the latest quarter. This suggests significant enhancements in asset productivity or possibly changes in asset base or revenue generation that favor higher turnover.
- Net Fixed Asset Turnover (Including Operating Lease, Right-of-Use Asset)
- This adjusted ratio, which accounts for operating leases and right-of-use assets, also shows a consistent upward movement, albeit at lower levels compared to the traditional net fixed asset turnover. The ratio starts near 6 and steadily climbs to nearly 20 by the last quarter. The gap between the standard and adjusted net fixed asset turnover ratios narrows over time, reflecting possibly increasing incorporation or importance of leased assets in asset utilization measurements.
- Total Asset Turnover
- The total asset turnover ratio remains fairly stable throughout the periods, fluctuating mainly between 0.5 and 0.6. There are slight periodical variations, but no pronounced long-term trend is observable. This stability suggests that overall asset usage to generate sales has been consistent, with no significant improvements or deteriorations in asset efficiency at the aggregate level.
- Equity Turnover
- The equity turnover ratio shows considerable volatility and irregularity with some missing data for initial quarters. Notably, extremely high ratios (above 50) appear in specific periods but drop drastically in subsequent quarters to values between approximately 2 and 6. Over the more recent periods, the ratio exhibits a modest downward trend from mid-2022 onwards, declining gradually from around 6.7 to about 2.3 by the most current quarter. This could reflect changes in equity levels or revenue relative to equity, indicating variations in how effectively shareholder equity is generating revenue over time.
Overall, the data signals enhanced utilization of fixed assets particularly when excluding traditional accounting for leasing, a relatively stable total asset turnover, and fluctuating equity turnover with a recent downward trend. These patterns might guide operational or strategic decisions related to asset management and equity deployment.
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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 1,570) | 1,505) | 1,417) | 1,469) | 1,414) | 1,345) | 1,269) | 1,318) | 1,280) | 1,237) | 1,170) | 1,212) | 1,126) | 1,060) | 989) | 1,039) | 952) | 913) | 886) | 899) | 843) | 797) | 736) | |||||||
| Computer equipment, software, furniture and leasehold improvements, net | 116) | 116) | 117) | 121) | 128) | 136) | 140) | 144) | 149) | 154) | 162) | 163) | 194) | 198) | 197) | 193) | 192) | 178) | 164) | 162) | 152) | 151) | 153) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 51.39 | 50.04 | 48.25 | 45.43 | 41.77 | 38.32 | 36.46 | 34.76 | 32.88 | 30.81 | 28.19 | 26.99 | 21.77 | 20.38 | 19.74 | 19.66 | 19.06 | 19.91 | 20.86 | 20.25 | 20.54 | 19.36 | 17.99 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Accenture PLC | 42.51 | 44.49 | 44.02 | 42.66 | 44.42 | 44.26 | 44.00 | 41.90 | 41.40 | 40.46 | 38.17 | 37.12 | 35.78 | 34.22 | 32.49 | 30.83 | 31.16 | 30.44 | 29.69 | — | — | — | — | |||||||
| Adobe Inc. | 12.15 | 11.96 | 11.64 | 11.11 | 10.64 | 10.38 | 10.03 | 9.56 | 9.28 | 9.07 | 9.15 | 9.23 | 9.25 | 9.33 | 9.48 | 9.44 | 9.27 | 9.15 | 8.94 | 8.48 | 8.48 | 8.68 | 8.70 | |||||||
| AppLovin Corp. | 39.72 | 38.49 | 29.76 | 29.34 | 24.23 | 23.38 | 20.96 | 18.94 | 29.68 | 24.97 | 24.52 | 35.87 | 40.76 | 46.80 | 44.17 | — | — | — | — | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 10.54 | 10.56 | 10.45 | 10.13 | 9.70 | 9.26 | 9.42 | 10.14 | 10.33 | 10.27 | 9.87 | 9.59 | 9.86 | 10.37 | 10.15 | 9.77 | 9.81 | 9.57 | 9.18 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 5.01 | 5.42 | 5.23 | 4.93 | 4.90 | 4.71 | 4.67 | 4.55 | 4.73 | 4.79 | 5.17 | 5.57 | 5.31 | 5.27 | 5.22 | 5.24 | 4.69 | 4.27 | 4.05 | — | — | — | — | |||||||
| Datadog Inc. | 10.44 | 10.65 | 11.34 | 11.83 | 11.75 | 12.03 | 12.38 | 12.38 | 12.73 | 13.07 | 12.96 | 13.36 | 13.81 | 13.97 | 13.15 | 13.69 | 12.79 | 12.63 | 12.70 | — | — | — | — | |||||||
| International Business Machines Corp. | 11.18 | 10.78 | 10.94 | 10.95 | 11.15 | 11.14 | 11.10 | 11.25 | 11.39 | 11.12 | 11.34 | 11.35 | 11.75 | 11.31 | 10.50 | 10.07 | 6.68 | 6.93 | 7.33 | — | — | — | — | |||||||
| Intuit Inc. | 18.65 | 17.31 | 16.46 | 16.14 | 15.32 | 14.39 | 14.56 | 14.83 | 15.00 | 14.70 | 14.38 | 14.33 | 15.00 | 13.74 | 13.08 | 12.35 | 11.24 | 9.74 | 10.55 | — | — | — | — | |||||||
| Microsoft Corp. | 1.47 | 1.57 | 1.66 | 1.81 | 1.95 | 2.03 | 2.13 | 2.22 | 2.36 | 2.47 | 2.64 | 2.66 | 2.74 | 2.75 | 2.76 | 2.81 | 2.91 | 2.96 | 3.07 | — | — | — | — | |||||||
| Oracle Corp. | 1.74 | 2.08 | 2.33 | 2.46 | 2.75 | 2.87 | 2.89 | 2.93 | 2.93 | 3.21 | 3.60 | 4.37 | 4.86 | 5.16 | 5.37 | 5.74 | 5.82 | 5.95 | 6.13 | — | — | — | — | |||||||
| Palantir Technologies Inc. | 85.24 | 79.05 | 78.53 | 72.29 | 65.59 | 57.01 | 49.76 | 46.59 | 42.39 | 37.80 | 31.45 | 27.55 | 31.65 | 36.61 | 39.34 | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 24.18 | 23.93 | 22.96 | 22.23 | 22.24 | 21.37 | 20.44 | 19.44 | 18.99 | 17.86 | 16.45 | 15.38 | 14.54 | 13.39 | 14.05 | 13.37 | 12.36 | 11.44 | 10.60 | — | — | — | — | |||||||
| Salesforce Inc. | 10.89 | 10.19 | 10.19 | 9.45 | 8.92 | 8.53 | 8.71 | 8.47 | 8.62 | 8.69 | 9.74 | 9.41 | 9.03 | 8.68 | 8.98 | 8.64 | 7.91 | 7.67 | 7.24 | — | — | — | — | |||||||
| ServiceNow Inc. | 5.96 | 6.07 | 6.08 | 6.23 | 6.09 | 6.20 | 6.54 | 6.61 | 7.07 | 6.98 | 6.82 | 6.88 | 7.57 | 7.54 | 7.84 | 7.70 | 7.47 | 7.06 | 6.97 | — | — | — | — | |||||||
| Synopsys Inc. | 9.20 | 10.88 | 11.11 | 10.88 | 10.66 | 10.68 | 10.57 | 10.48 | 10.31 | 9.68 | 10.01 | 10.51 | 10.17 | 9.68 | 9.43 | 8.90 | 8.67 | 8.32 | 7.85 | 7.62 | 7.25 | 7.23 | 7.38 | |||||||
| Workday Inc. | 6.46 | 6.25 | 6.11 | 5.88 | 5.79 | 5.50 | 5.31 | 5.17 | 4.88 | 4.60 | 4.55 | 4.58 | 4.37 | 4.12 | 3.87 | 4.44 | 4.26 | 4.17 | 4.08 | — | — | — | — | |||||||
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).
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
= (1,570 + 1,505 + 1,417 + 1,469)
÷ 116 = 51.39
2 Click competitor name to see calculations.
- Net Revenue Trends
- Net revenue demonstrates a consistent upward trajectory over the observed period. Starting at 736 million USD in April 2019, revenue increased steadily with occasional fluctuations, reaching 1570 million USD by October 2024. The data reveals incremental growth across nearly all quarters, with noticeable jumps particularly after January 2021. This suggests sustained demand and effective revenue generation strategies over multiple years.
- Computer Equipment and Related Assets
- The net value of computer equipment, software, furniture, and leasehold improvements initially shows stability and slight growth through January 2021, increasing from 153 million USD to a peak of approximately 198 million USD. However, from then onwards, there is a gradual decline in these assets, descending to 116 million USD by October 2024. This decline may indicate reduced investment or accelerated depreciation in fixed assets.
- Net Fixed Asset Turnover Analysis
- Net fixed asset turnover exhibits a strong and continuous upward trend throughout the measured quarters. Beginning with a ratio of 17.99 in April 2019, the ratio climbs steadily to 51.39 by October 2024. This indicates increasingly efficient use of fixed assets in generating revenue. The marked improvement notably corresponds with the reduction in net fixed asset values, implying that revenue growth has outpaced asset base reduction, thereby enhancing asset utilization.
- Overall Insights
- The juxtaposition of increasing net revenue with decreasing net fixed assets and rising asset turnover ratio reflects an effective capital management approach. The company appears to leverage its fixed assets more efficiently over time, generating more revenue per unit of asset. The reduction in asset base may reflect optimization or strategic divestment, while growing revenues suggest successful market performance or pricing power.
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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 1,570) | 1,505) | 1,417) | 1,469) | 1,414) | 1,345) | 1,269) | 1,318) | 1,280) | 1,237) | 1,170) | 1,212) | 1,126) | 1,060) | 989) | 1,039) | 952) | 913) | 886) | 899) | 843) | 797) | 736) | |||||||
| Computer equipment, software, furniture and leasehold improvements, net | 116) | 116) | 117) | 121) | 128) | 136) | 140) | 144) | 149) | 154) | 162) | 163) | 194) | 198) | 197) | 193) | 192) | 178) | 164) | 162) | 152) | 151) | 153) | |||||||
| Operating lease right-of-use assets | 184) | 205) | 214) | 224) | 237) | 248) | 267) | 245) | 271) | 292) | 303) | 305) | 362) | 384) | 402) | 417) | 426) | 416) | 425) | 439) | 282) | 299) | 310) | |||||||
| Computer equipment, software, furniture and leasehold improvements, net (including operating lease, right-of-use asset) | 300) | 321) | 331) | 345) | 365) | 384) | 407) | 389) | 420) | 446) | 465) | 467) | 555) | 583) | 599) | 610) | 618) | 594) | 589) | 601) | 433) | 450) | 463) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 19.87 | 18.08 | 17.05 | 15.93 | 14.65 | 13.57 | 12.54 | 12.87 | 11.66 | 10.64 | 9.82 | 9.39 | 7.59 | 6.94 | 6.50 | 6.22 | 5.91 | 5.96 | 5.82 | 5.45 | 7.18 | 6.51 | 5.94 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||||||||||||||||||||||||||
| Accenture PLC | 15.85 | 16.37 | 15.89 | 15.17 | 15.96 | 15.77 | 15.97 | 15.38 | 14.85 | 14.14 | 13.47 | 13.17 | 12.30 | 11.56 | 11.17 | 10.48 | 10.27 | 9.83 | 9.71 | — | — | — | — | |||||||
| Adobe Inc. | 10.47 | 10.52 | 10.21 | 9.70 | 8.96 | 8.69 | 8.47 | 8.13 | 7.84 | 7.61 | 7.60 | 7.61 | 7.57 | 7.52 | 7.55 | 7.46 | 7.26 | 7.08 | 6.82 | 6.42 | 6.30 | 6.42 | 6.32 | |||||||
| CrowdStrike Holdings Inc. | 4.72 | 5.06 | 4.86 | 4.57 | 4.51 | 4.35 | 4.26 | 4.21 | 4.47 | 4.46 | 4.74 | 4.97 | 4.66 | 4.54 | 4.38 | 4.30 | 3.79 | 3.38 | 3.22 | — | — | — | — | |||||||
| Datadog Inc. | 6.10 | 6.05 | 6.26 | 6.72 | 6.60 | 6.54 | 6.35 | 7.13 | 7.18 | 7.10 | 7.69 | 7.87 | 7.67 | 8.44 | 7.82 | 7.54 | 6.73 | 6.96 | 6.33 | — | — | — | — | |||||||
| International Business Machines Corp. | 7.21 | 6.92 | 6.93 | 7.03 | 6.98 | 7.14 | 7.06 | 7.09 | 7.21 | 7.48 | 7.45 | 7.37 | 7.67 | 7.35 | 6.73 | 6.43 | 4.56 | 4.73 | 4.97 | — | — | — | — | |||||||
| Intuit Inc. | 11.85 | 11.37 | 10.73 | 11.47 | 10.83 | 10.11 | 10.03 | 9.99 | 9.89 | 9.51 | 9.11 | 8.86 | 10.03 | 8.99 | 8.64 | 8.30 | 7.66 | 6.52 | 8.04 | — | — | — | — | |||||||
| Microsoft Corp. | 1.30 | 1.38 | 1.47 | 1.59 | 1.71 | 1.77 | 1.85 | 1.93 | 2.03 | 2.12 | 2.25 | 2.26 | 2.31 | 2.32 | 2.34 | 2.37 | 2.44 | 2.47 | 2.58 | — | — | — | — | |||||||
| Palantir Technologies Inc. | 15.58 | 13.93 | 12.51 | 11.92 | 10.50 | 9.65 | 10.58 | 9.65 | 8.84 | 8.06 | 7.27 | 7.07 | 7.12 | 6.73 | 6.17 | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 12.25 | 11.72 | 11.05 | 10.75 | 10.82 | 10.63 | 11.50 | 11.16 | 11.00 | 10.33 | 9.47 | 9.17 | 8.68 | 8.08 | 7.91 | 7.32 | 6.86 | 6.49 | 6.08 | — | — | — | — | |||||||
| Salesforce Inc. | 6.66 | 6.39 | 6.20 | 5.76 | 5.37 | 5.13 | 5.08 | 4.76 | 4.72 | 4.80 | 4.83 | 4.65 | 4.40 | 4.03 | 4.02 | 3.75 | 3.67 | 3.52 | 3.31 | — | — | — | — | |||||||
| ServiceNow Inc. | 4.32 | 4.30 | 4.26 | 4.47 | 4.40 | 4.36 | 4.41 | 4.33 | 4.46 | 4.44 | 4.24 | 4.18 | 4.63 | 4.46 | 4.53 | 4.34 | 4.11 | 4.32 | 4.21 | — | — | — | — | |||||||
| Synopsys Inc. | 4.62 | 5.37 | 5.56 | 5.43 | 5.40 | 5.53 | 5.36 | 5.19 | 4.98 | 4.71 | 4.69 | 4.87 | 4.66 | 4.42 | 4.70 | 4.35 | 4.23 | 4.05 | 4.03 | 3.88 | 3.67 | 3.64 | 3.68 | |||||||
| Workday Inc. | 5.10 | 4.92 | 4.85 | 4.77 | 4.74 | 4.53 | 4.39 | 4.29 | 4.00 | 3.73 | 3.75 | 3.75 | 3.52 | 3.31 | 3.11 | 3.11 | 2.99 | 3.12 | 3.06 | — | — | — | — | |||||||
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).
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)
= (1,570 + 1,505 + 1,417 + 1,469)
÷ 300 = 19.87
2 Click competitor name to see calculations.
- Net Revenue Trend
- The net revenue exhibits a generally upward trajectory over the analyzed quarters. Starting at 736 million US dollars in April 2019, revenue shows steady growth with minor fluctuations, reaching 1,570 million US dollars by October 2024. Notably, there are some periods of slight decline or stagnation, such as April 2022 and April 2023, but the overall trend is strongly positive, indicating growth in sales or service income over this five-year span.
- Computer Equipment and Related Assets
- The value of computer equipment, software, furniture, and leasehold improvements (including operating lease assets) demonstrates a declining pattern. Beginning at 463 million US dollars in April 2019, the asset base diminishes gradually with occasional minor rebounds. By October 2024, the value has reduced to 300 million US dollars. This decline suggests ongoing asset depreciation or divestiture of fixed assets, potentially reflecting efficiency gains or strategic asset management decisions.
- Net Fixed Asset Turnover Ratio
- The net fixed asset turnover ratio shows consistent improvement throughout the periods. From a ratio of 5.94 in April 2019, the ratio increases steadily and markedly, culminating in a figure of 19.87 by October 2024. Such an increase indicates enhanced efficiency in generating net revenue from the fixed asset base, suggesting that the company is leveraging its assets more effectively to drive sales.
- Integrated Insights
- The combined trends of increasing net revenue, declining fixed asset values, and rising net fixed asset turnover ratio collectively imply that the company is achieving stronger revenue generation with fewer or more efficiently utilized fixed assets. This may reflect strategic asset optimization, such as divesting underperforming assets, embracing asset-light business models, or improving fixed asset productivity. The strong upward slope of net fixed asset turnover ratio indicates an effective asset utilization strategy contributing to revenue growth.
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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 1,570) | 1,505) | 1,417) | 1,469) | 1,414) | 1,345) | 1,269) | 1,318) | 1,280) | 1,237) | 1,170) | 1,212) | 1,126) | 1,060) | 989) | 1,039) | 952) | 913) | 886) | 899) | 843) | 797) | 736) | |||||||
| Total assets | 10,133) | 9,960) | 9,830) | 9,912) | 9,226) | 9,107) | 9,069) | 9,438) | 8,635) | 8,227) | 8,261) | 8,607) | 8,531) | 7,421) | 7,298) | 7,280) | 5,945) | 5,747) | 5,544) | 6,179) | 5,037) | 4,873) | 4,809) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Total asset turnover1 | 0.59 | 0.58 | 0.57 | 0.55 | 0.58 | 0.57 | 0.56 | 0.53 | 0.57 | 0.58 | 0.55 | 0.51 | 0.49 | 0.54 | 0.53 | 0.52 | 0.61 | 0.62 | 0.62 | 0.53 | 0.62 | 0.60 | 0.57 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Accenture PLC | 1.08 | 1.12 | 1.11 | 1.16 | 1.19 | 1.26 | 1.25 | 1.25 | 1.27 | 1.32 | 1.32 | 1.30 | 1.29 | 1.28 | 1.23 | 1.17 | 1.14 | 1.14 | 1.17 | — | — | — | — | |||||||
| Adobe Inc. | 0.81 | 0.80 | 0.74 | 0.71 | 0.70 | 0.68 | 0.69 | 0.65 | 0.65 | 0.66 | 0.67 | 0.65 | 0.64 | 0.63 | 0.62 | 0.58 | 0.58 | 0.56 | 0.55 | 0.53 | 0.55 | 0.56 | 0.55 | |||||||
| AppLovin Corp. | 0.82 | 0.84 | 0.84 | 0.80 | 0.79 | 0.75 | 0.69 | 0.61 | 0.61 | 0.53 | 0.49 | 0.48 | 0.50 | 0.49 | 0.46 | — | — | — | — | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 0.54 | 0.54 | 0.54 | 0.52 | 0.47 | 0.58 | 0.71 | 0.72 | 0.72 | 0.74 | 0.71 | 0.69 | 0.69 | 0.75 | 0.72 | 0.68 | 0.71 | 0.70 | 0.70 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 0.48 | 0.49 | 0.48 | 0.46 | 0.49 | 0.48 | 0.48 | 0.45 | 0.46 | 0.44 | 0.43 | 0.40 | 0.39 | 0.36 | 0.35 | 0.32 | 0.44 | 0.40 | 0.37 | — | — | — | — | |||||||
| Datadog Inc. | 0.53 | 0.52 | 0.47 | 0.46 | 0.55 | 0.54 | 0.55 | 0.54 | 0.57 | 0.57 | 0.57 | 0.56 | 0.55 | 0.51 | 0.47 | 0.43 | 0.40 | 0.37 | 0.34 | — | — | — | — | |||||||
| International Business Machines Corp. | 0.45 | 0.43 | 0.43 | 0.46 | 0.47 | 0.47 | 0.45 | 0.46 | 0.47 | 0.46 | 0.45 | 0.48 | 0.48 | 0.47 | 0.44 | 0.43 | 0.42 | 0.44 | 0.47 | — | — | — | — | |||||||
| Intuit Inc. | 0.50 | 0.54 | 0.50 | 0.51 | 0.50 | 0.51 | 0.52 | 0.52 | 0.49 | 0.50 | 0.49 | 0.46 | 0.45 | 0.43 | 0.69 | 0.62 | 0.56 | 0.53 | 0.81 | — | — | — | — | |||||||
| Microsoft Corp. | 0.48 | 0.49 | 0.49 | 0.48 | 0.49 | 0.48 | 0.49 | 0.51 | 0.55 | 0.56 | 0.56 | 0.54 | 0.56 | 0.54 | 0.53 | 0.50 | 0.52 | 0.50 | 0.49 | — | — | — | — | |||||||
| Oracle Corp. | 0.35 | 0.37 | 0.37 | 0.38 | 0.38 | 0.38 | 0.37 | 0.37 | 0.36 | 0.36 | 0.34 | 0.39 | 0.39 | 0.39 | 0.33 | 0.31 | 0.34 | 0.36 | 0.35 | — | — | — | — | |||||||
| Palantir Technologies Inc. | 0.48 | 0.47 | 0.46 | 0.45 | 0.46 | 0.48 | 0.49 | 0.49 | 0.51 | 0.51 | 0.54 | 0.55 | 0.55 | 0.53 | 0.50 | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 0.40 | 0.41 | 0.41 | 0.40 | 0.43 | 0.41 | 0.49 | 0.48 | 0.46 | 0.47 | 0.46 | 0.45 | 0.47 | 0.47 | 0.44 | 0.42 | 0.42 | 0.40 | 0.41 | — | — | — | — | |||||||
| Salesforce Inc. | 0.41 | 0.40 | 0.37 | 0.35 | 0.37 | 0.36 | 0.34 | 0.32 | 0.33 | 0.31 | 0.30 | 0.28 | 0.29 | 0.27 | 0.34 | 0.32 | 0.34 | 0.34 | 0.34 | — | — | — | — | |||||||
| ServiceNow Inc. | 0.58 | 0.55 | 0.55 | 0.54 | 0.57 | 0.55 | 0.54 | 0.52 | 0.56 | 0.54 | 0.56 | 0.54 | 0.62 | 0.59 | 0.57 | 0.55 | 0.58 | 0.56 | 0.55 | — | — | — | — | |||||||
| Synopsys Inc. | 0.13 | 0.26 | 0.47 | 0.47 | 0.52 | 0.55 | 0.57 | 0.57 | 0.56 | 0.54 | 0.54 | 0.54 | 0.53 | 0.52 | 0.51 | 0.48 | 0.48 | 0.48 | 0.48 | 0.46 | 0.46 | 0.46 | 0.47 | |||||||
| Workday Inc. | 0.50 | 0.48 | 0.47 | 0.44 | 0.50 | 0.49 | 0.49 | 0.46 | 0.48 | 0.43 | 0.42 | 0.49 | 0.52 | 0.51 | 0.52 | 0.50 | 0.53 | 0.53 | 0.53 | — | — | — | — | |||||||
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).
1 Q3 2025 Calculation
Total asset turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Total assets
= (1,570 + 1,505 + 1,417 + 1,469)
÷ 10,133 = 0.59
2 Click competitor name to see calculations.
- Net Revenue Trends
- The net revenue demonstrates a generally upward trajectory from April 2019 through October 2024. Starting at 736 million USD in April 2019, the revenue steadily increases with minor fluctuations, reaching 1,570 million USD by October 2024. Notable increments occur particularly after January 2021, where revenue consistently stays above 1,000 million USD, indicating growth momentum over the reported periods.
- Total Assets Analysis
- Total assets display an increasing trend as well, rising from 4,809 million USD in April 2019 to 10,133 million USD by October 2024. While there are some fluctuations, such as a dip between January 2020 and April 2020, and minor decreases observed periodically afterward, the overall movement is upward. The asset base more than doubles over the analyzed time frame, suggesting expansion and increased resource holdings.
- Total Asset Turnover Ratio Insights
- The total asset turnover ratio fluctuates throughout the periods without a clear linear trend. Initial values start around 0.57, rise modestly to a peak near 0.62, then experience intermittent declines and recoveries. The ratio hovers mostly between 0.5 and 0.6, indicating moderate efficiency in generating revenue from assets over time. The slight variation suggests consistent asset utilization effectiveness, with no discernible long-term improvement or detriment.
- Overall Observations
- The combination of rising net revenue and increasing total assets reflects business growth and asset accumulation. However, the relatively stable asset turnover ratio implies that the efficiency at which assets generate revenue remains fairly constant. This pattern can indicate that while the company expands, its operational efficiency in asset use neither significantly improves nor worsens. Stakeholders might consider focusing on strengthening asset productivity to maximize returns amidst asset growth.
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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net revenue | 1,570) | 1,505) | 1,417) | 1,469) | 1,414) | 1,345) | 1,269) | 1,318) | 1,280) | 1,237) | 1,170) | 1,212) | 1,126) | 1,060) | 989) | 1,039) | 952) | 913) | 886) | 899) | 843) | 797) | 736) | |||||||
| Stockholders’ equity (deficit) | 2,616) | 2,474) | 2,161) | 1,855) | 1,482) | 1,206) | 897) | 1,145) | 906) | 740) | 681) | 849) | 1,280) | 1,328) | 1,128) | 966) | 69) | 67) | (139) | (139) | (172) | (194) | (245) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||||
| Equity turnover1 | 2.28 | 2.35 | 2.61 | 2.96 | 3.61 | 4.32 | 5.69 | 4.37 | 5.41 | 6.41 | 6.71 | 5.17 | 3.29 | 3.04 | 3.45 | 3.93 | 52.68 | 52.61 | — | — | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Accenture PLC | 2.24 | 2.30 | 2.27 | 2.29 | 2.32 | 2.38 | 2.42 | 2.50 | 2.51 | 2.66 | 2.72 | 2.79 | 2.79 | 2.76 | 2.64 | 2.59 | 2.48 | 2.49 | 2.50 | — | — | — | — | |||||||
| Adobe Inc. | 1.97 | 1.97 | 1.68 | 1.52 | 1.44 | 1.38 | 1.29 | 1.18 | 1.20 | 1.24 | 1.27 | 1.25 | 1.20 | 1.19 | 1.17 | 1.07 | 1.05 | 1.04 | 1.01 | 0.97 | 1.06 | 1.11 | 1.11 | |||||||
| AppLovin Corp. | 3.52 | 4.27 | 8.36 | 4.32 | 4.57 | 4.85 | 4.77 | 2.61 | 2.77 | 1.90 | 1.53 | 1.48 | 1.55 | 1.53 | 1.40 | — | — | — | — | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 1.00 | 1.02 | 1.02 | 0.99 | 0.95 | 0.98 | 1.14 | 1.20 | 1.26 | 1.31 | 1.25 | 1.30 | 1.27 | 1.25 | 1.14 | 1.09 | 1.13 | 1.15 | 1.10 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 1.22 | 1.23 | 1.30 | 1.33 | 1.40 | 1.44 | 1.52 | 1.53 | 1.55 | 1.50 | 1.48 | 1.42 | 1.36 | 1.26 | 1.18 | 1.00 | 0.94 | 0.83 | 0.75 | — | — | — | — | |||||||
| Datadog Inc. | 0.93 | 0.94 | 0.97 | 0.99 | 0.96 | 0.99 | 1.03 | 1.05 | 1.11 | 1.15 | 1.19 | 1.19 | 1.19 | 1.12 | 1.07 | 0.99 | 0.92 | 0.84 | 0.80 | — | — | — | — | |||||||
| International Business Machines Corp. | 2.34 | 2.33 | 2.34 | 2.30 | 2.56 | 2.60 | 2.67 | 2.75 | 2.65 | 2.73 | 2.80 | 2.76 | 3.02 | 3.07 | 3.06 | 3.03 | 2.75 | 2.98 | 3.24 | — | — | — | — | |||||||
| Intuit Inc. | 0.90 | 0.96 | 0.91 | 0.88 | 0.84 | 0.89 | 0.87 | 0.83 | 0.80 | 0.86 | 0.83 | 0.77 | 0.76 | 0.73 | 1.06 | 0.98 | 0.89 | 0.87 | 1.49 | — | — | — | — | |||||||
| Microsoft Corp. | 0.84 | 0.86 | 0.88 | 0.91 | 0.93 | 0.96 | 0.99 | 1.03 | 1.07 | 1.11 | 1.17 | 1.19 | 1.18 | 1.16 | 1.16 | 1.18 | 1.19 | 1.18 | 1.19 | — | — | — | — | |||||||
| Oracle Corp. | 3.33 | 4.00 | 4.98 | 6.08 | 9.34 | 13.35 | 21.50 | 46.56 | — | — | — | — | — | — | — | 7.73 | 4.46 | 4.98 | 4.13 | — | — | — | — | |||||||
| Palantir Technologies Inc. | 0.59 | 0.58 | 0.57 | 0.57 | 0.59 | 0.61 | 0.62 | 0.64 | 0.67 | 0.69 | 0.73 | 0.74 | 0.77 | 0.74 | 0.70 | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 1.23 | 1.34 | 1.40 | 1.55 | 1.74 | 1.73 | 3.32 | 3.94 | 5.27 | 8.44 | 11.45 | 26.20 | 15.31 | 41.24 | 8.78 | 6.71 | 4.00 | 3.65 | 4.80 | — | — | — | — | |||||||
| Salesforce Inc. | 0.64 | 0.63 | 0.60 | 0.58 | 0.58 | 0.57 | 0.56 | 0.54 | 0.51 | 0.49 | 0.47 | 0.46 | 0.44 | 0.42 | 0.53 | 0.51 | 0.50 | 0.50 | 0.53 | — | — | — | — | |||||||
| ServiceNow Inc. | 1.12 | 1.10 | 1.13 | 1.14 | 1.13 | 1.15 | 1.17 | 1.18 | 1.18 | 1.16 | 1.36 | 1.44 | 1.53 | 1.57 | 1.57 | 1.60 | 1.57 | 1.58 | 1.59 | — | — | — | — | |||||||
| Synopsys Inc. | 0.23 | 0.63 | 0.65 | 0.68 | 0.79 | 0.85 | 0.90 | 0.95 | 0.93 | 0.91 | 0.92 | 0.92 | 0.88 | 0.86 | 0.84 | 0.79 | 0.79 | 0.78 | 0.78 | 0.75 | 0.76 | 0.80 | 0.81 | |||||||
| Workday Inc. | 0.95 | 0.94 | 0.93 | 0.90 | 1.05 | 1.07 | 1.09 | 1.11 | 1.10 | 1.11 | 1.13 | 1.13 | 1.16 | 1.21 | 1.31 | 1.32 | 1.35 | 1.41 | 1.47 | — | — | — | — | |||||||
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).
1 Q3 2025 Calculation
Equity turnover
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ Stockholders’ equity (deficit)
= (1,570 + 1,505 + 1,417 + 1,469)
÷ 2,616 = 2.28
2 Click competitor name to see calculations.
- Net Revenue
- The net revenue demonstrates a consistent upward trend over the analyzed quarters, beginning at 736 million USD in April 2019 and increasing steadily to 1570 million USD by October 2024. Despite minor fluctuations, overall growth is evident, with revenue nearly doubling across the period. Notably, a substantial increase occurs between January 2021 and January 2022, where revenue rises from 1039 million USD to 1212 million USD, followed by continued growth into 2023 and 2024.
- Stockholders’ Equity (Deficit)
- Stockholders’ equity shows a significant transformation. Initially, the company experienced a deficit with negative equity values starting at -245 million USD in April 2019. This deficit reduces steadily, turning positive by July 2020 at 67 million USD. Thereafter, equity rises sharply reaching 966 million USD by January 2021 and continues increasing until stabilizing above 2000 million USD from early 2023 onward. These figures indicate an enhanced financial position through increased equity capital or retained earnings.
- Equity Turnover Ratio
- The equity turnover ratio reflects notable volatility and a marked downward trend following early high values. Data is unavailable for several periods until July 2020, where it peaks around 52.61, then sharply declines to below 10 in early 2021. From mid-2021 onward, the ratio fluctuates between approximately 2.3 and 6.7, exhibiting an overall decreasing trend as stockholders’ equity has increased significantly. This decline suggests that the company generates relatively less net revenue per unit of equity over time, which is consistent with the substantial rise in equity.
- Overall Analysis
- The company's financial data reveal a positive revenue growth trajectory coupled with a strong recovery and growth in stockholders’ equity, shifting from a deficit position to a substantial surplus. However, the falling equity turnover ratio suggests that while equity has increased considerably, revenue growth pace relative to equity has slowed. This pattern may imply capital expansion, reinvestment strategies, or lower leveraged operations, which may require further operational efficiency evaluations.