Analysis of Short-term (Operating) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Autodesk Inc., short-term (operating) activity ratios
Based on: 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).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Autodesk Inc. receivables turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Autodesk Inc. payables turnover ratio increased from 2019 to 2020 but then decreased significantly from 2020 to 2021. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Autodesk Inc. number of days of receivables outstanding deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Autodesk Inc. number of days of payables outstanding decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
Receivables Turnover
Autodesk Inc., receivables turnover calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenue | 3,790,400) | 3,274,300) | 2,569,800) | 2,056,600) | 2,031,000) | 2,504,100) | |
| Accounts receivable, net | 643,100) | 652,300) | 474,300) | 438,200) | 452,300) | 653,600) | |
| Short-term Activity Ratio | |||||||
| Receivables turnover1 | 5.89 | 5.02 | 5.42 | 4.69 | 4.49 | 3.83 | |
| Benchmarks | |||||||
| Receivables Turnover, Competitors2 | |||||||
| Accenture PLC | 5.74 | 6.16 | 5.79 | 8.33 | — | — | |
| Adobe Inc. | 8.41 | 9.20 | 7.28 | 6.86 | — | — | |
| International Business Machines Corp. | 8.49 | 10.32 | 9.80 | — | — | — | |
| Intuit Inc. | 24.64 | 51.54 | 77.98 | 60.86 | — | — | |
| Microsoft Corp. | 4.42 | 4.47 | 4.26 | 4.17 | — | — | |
| Oracle Corp. | 7.48 | 7.04 | 7.69 | 7.55 | — | — | |
| Palo Alto Networks Inc. | 3.43 | 3.29 | 4.98 | 4.86 | — | — | |
| Salesforce Inc. | 2.73 | 2.77 | 2.70 | — | — | — | |
| ServiceNow Inc. | 4.24 | 4.48 | 4.14 | — | — | — | |
| Synopsys Inc. | 7.40 | 4.72 | 6.07 | 5.63 | — | — | |
| Receivables Turnover, Sector | |||||||
| Software & Services | 5.22 | 5.59 | 5.58 | — | — | — | |
| Receivables Turnover, Industry | |||||||
| Information Technology | 7.57 | 8.02 | 7.60 | — | — | — | |
Based on: 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).
1 2021 Calculation
Receivables turnover = Net revenue ÷ Accounts receivable, net
= 3,790,400 ÷ 643,100 = 5.89
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Autodesk Inc. receivables turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Payables Turnover
Autodesk Inc., payables turnover calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cost of revenue | 337,100) | 324,900) | 285,900) | 303,400) | 341,900) | 370,700) | |
| Accounts payable | 122,500) | 83,700) | 101,600) | 94,700) | 93,500) | 119,900) | |
| Short-term Activity Ratio | |||||||
| Payables turnover1 | 2.75 | 3.88 | 2.81 | 3.20 | 3.66 | 3.09 | |
| Benchmarks | |||||||
| Payables Turnover, Competitors2 | |||||||
| Accenture PLC | 15.03 | 22.48 | 18.16 | 21.62 | — | — | |
| Adobe Inc. | 5.98 | 5.63 | 7.98 | 6.42 | — | — | |
| International Business Machines Corp. | 6.54 | 7.75 | 8.30 | — | — | — | |
| Intuit Inc. | 2.70 | 4.52 | 4.26 | 5.49 | — | — | |
| Microsoft Corp. | 3.44 | 3.68 | 4.57 | 4.45 | — | — | |
| Oracle Corp. | 10.54 | 12.46 | 13.78 | 15.28 | — | — | |
| Palo Alto Networks Inc. | 22.41 | 15.72 | 11.03 | 13.06 | — | — | |
| Salesforce Inc. | — | — | — | — | — | — | |
| ServiceNow Inc. | 15.20 | 28.83 | 15.04 | — | — | — | |
| Synopsys Inc. | 31.44 | 26.49 | 38.00 | 8.65 | — | — | |
| Payables Turnover, Sector | |||||||
| Software & Services | 5.70 | 6.57 | 7.59 | — | — | — | |
| Payables Turnover, Industry | |||||||
| Information Technology | 4.99 | 5.34 | 5.26 | — | — | — | |
Based on: 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).
1 2021 Calculation
Payables turnover = Cost of revenue ÷ Accounts payable
= 337,100 ÷ 122,500 = 2.75
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Autodesk Inc. payables turnover ratio increased from 2019 to 2020 but then decreased significantly from 2020 to 2021. |
Working Capital Turnover
Autodesk Inc., working capital turnover calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current assets | 2,699,200) | 2,659,300) | 1,620,000) | 1,877,900) | 2,460,600) | 2,993,100) | |
| Less: Current liabilities | 3,254,700) | 3,219,200) | 2,301,200) | 2,123,200) | 2,185,400) | 1,591,000) | |
| Working capital | (555,500) | (559,900) | (681,200) | (245,300) | 275,200) | 1,402,100) | |
| Net revenue | 3,790,400) | 3,274,300) | 2,569,800) | 2,056,600) | 2,031,000) | 2,504,100) | |
| Short-term Activity Ratio | |||||||
| Working capital turnover1 | — | — | — | — | 7.38 | 1.79 | |
| Benchmarks | |||||||
| Working Capital Turnover, Competitors2 | |||||||
| Accenture PLC | 12.77 | 8.71 | 9.85 | 12.12 | — | — | |
| Adobe Inc. | 9.09 | 4.89 | — | 16.24 | — | — | |
| International Business Machines Corp. | — | — | 107.30 | — | — | — | |
| Intuit Inc. | 3.85 | 1.73 | 4.17 | 20.71 | — | — | |
| Microsoft Corp. | 1.76 | 1.30 | 1.19 | 0.99 | — | — | |
| Oracle Corp. | 1.29 | 1.12 | 1.42 | 0.70 | — | — | |
| Palo Alto Networks Inc. | — | 1.40 | 1.80 | 1.14 | — | — | |
| Salesforce Inc. | 5.11 | 15.29 | — | — | — | — | |
| ServiceNow Inc. | 21.76 | 5.76 | 46.69 | — | — | — | |
| Synopsys Inc. | 10.65 | 9.00 | — | — | — | — | |
| Working Capital Turnover, Sector | |||||||
| Software & Services | 2.78 | 2.17 | 2.33 | — | — | — | |
| Working Capital Turnover, Industry | |||||||
| Information Technology | 3.87 | 2.86 | 3.06 | — | — | — | |
Based on: 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).
1 2021 Calculation
Working capital turnover = Net revenue ÷ Working capital
= 3,790,400 ÷ -555,500 = —
2 Click competitor name to see calculations.
Average Receivable Collection Period
Autodesk Inc., average receivable collection period calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Receivables turnover | 5.89 | 5.02 | 5.42 | 4.69 | 4.49 | 3.83 | |
| Short-term Activity Ratio (no. days) | |||||||
| Average receivable collection period1 | 62 | 73 | 67 | 78 | 81 | 95 | |
| Benchmarks (no. days) | |||||||
| Average Receivable Collection Period, Competitors2 | |||||||
| Accenture PLC | 64 | 59 | 63 | 44 | — | — | |
| Adobe Inc. | 43 | 40 | 50 | 53 | — | — | |
| International Business Machines Corp. | 43 | 35 | 37 | — | — | — | |
| Intuit Inc. | 15 | 7 | 5 | 6 | — | — | |
| Microsoft Corp. | 83 | 82 | 86 | 88 | — | — | |
| Oracle Corp. | 49 | 52 | 47 | 48 | — | — | |
| Palo Alto Networks Inc. | 106 | 111 | 73 | 75 | — | — | |
| Salesforce Inc. | 134 | 132 | 135 | — | — | — | |
| ServiceNow Inc. | 86 | 82 | 88 | — | — | — | |
| Synopsys Inc. | 49 | 77 | 60 | 65 | — | — | |
| Average Receivable Collection Period, Sector | |||||||
| Software & Services | 70 | 65 | 65 | — | — | — | |
| Average Receivable Collection Period, Industry | |||||||
| Information Technology | 48 | 46 | 48 | — | — | — | |
Based on: 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).
1 2021 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 5.89 = 62
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Autodesk Inc. number of days of receivables outstanding deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Average Payables Payment Period
Autodesk Inc., average payables payment period calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Payables turnover | 2.75 | 3.88 | 2.81 | 3.20 | 3.66 | 3.09 | |
| Short-term Activity Ratio (no. days) | |||||||
| Average payables payment period1 | 133 | 94 | 130 | 114 | 100 | 118 | |
| Benchmarks (no. days) | |||||||
| Average Payables Payment Period, Competitors2 | |||||||
| Accenture PLC | 24 | 16 | 20 | 17 | — | — | |
| Adobe Inc. | 61 | 65 | 46 | 57 | — | — | |
| International Business Machines Corp. | 56 | 47 | 44 | — | — | — | |
| Intuit Inc. | 135 | 81 | 86 | 66 | — | — | |
| Microsoft Corp. | 106 | 99 | 80 | 82 | — | — | |
| Oracle Corp. | 35 | 29 | 26 | 24 | — | — | |
| Palo Alto Networks Inc. | 16 | 23 | 33 | 28 | — | — | |
| Salesforce Inc. | — | — | — | — | — | — | |
| ServiceNow Inc. | 24 | 13 | 24 | — | — | — | |
| Synopsys Inc. | 12 | 14 | 10 | 42 | — | — | |
| Average Payables Payment Period, Sector | |||||||
| Software & Services | 64 | 56 | 48 | — | — | — | |
| Average Payables Payment Period, Industry | |||||||
| Information Technology | 73 | 68 | 69 | — | — | — | |
Based on: 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).
1 2021 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 2.75 = 133
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Autodesk Inc. number of days of payables outstanding decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |