Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

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Analysis of Property, Plant and Equipment

Microsoft Excel LibreOffice Calc

Property, Plant and Equipment Disclosure

Intuit Inc., balance sheet: property, plant and equipment

US$ in millions

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Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016
Equipment
Computer software
Furniture and fixtures
Leasehold improvements
Land
Buildings
Capital in progress
Property and equipment, cost
Accumulated depreciation and amortization
Property and equipment, net

Based on: 10-K (filing date: 2021-09-08), 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01).

Item Description The company
Property and equipment, cost Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Intuit Inc.’s property and equipment, cost decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.

Asset Age Ratios (Summary)

Intuit Inc., asset age ratios

Microsoft Excel LibreOffice Calc
Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016
Average age ratio
Estimated total useful life (years)
Estimated age, time elapsed since purchase (years)
Estimated remaining life (years)

Based on: 10-K (filing date: 2021-09-08), 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company’s fixed asset base is old or new. Newer assets are likely to be more efficient. Intuit Inc.’s average age ratio of depreciable property, plant and equipment deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Estimated total useful life Over longer time periods, this ratio is a useful measure of company’s depreciation policy and can be used for comparisons with competitors. Intuit Inc.’s estimated total useful life of depreciable property, plant and equipment decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Estimated time elapsed since purchase The approximate age in years of a company’s fixed assets. Useful for comparison purposes. Intuit Inc.’s estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Estimated remaining life Intuit Inc.’s estimated remaining life of depreciable property, plant and equipment decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Average Age

Microsoft Excel LibreOffice Calc
Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization
Property and equipment, cost
Land
Asset Age Ratio
Average age1

Based on: 10-K (filing date: 2021-09-08), 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01).

2021 Calculations

1 Average age = 100 × Accumulated depreciation and amortization ÷ (Property and equipment, cost – Land)
= 100 × ÷ ( – ) =

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company’s fixed asset base is old or new. Newer assets are likely to be more efficient. Intuit Inc.’s average age ratio of depreciable property, plant and equipment deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Estimated Total Useful Life

Microsoft Excel LibreOffice Calc
Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016
Selected Financial Data (US$ in millions)
Property and equipment, cost
Land
Depreciation expense
Asset Age Ratio (Years)
Estimated total useful life1

Based on: 10-K (filing date: 2021-09-08), 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01).

2021 Calculations

1 Estimated total useful life = (Property and equipment, cost – Land) ÷ Depreciation expense
= ( – ) ÷ =

Asset age ratio Description The company
Estimated total useful life Over longer time periods, this ratio is a useful measure of company’s depreciation policy and can be used for comparisons with competitors. Intuit Inc.’s estimated total useful life of depreciable property, plant and equipment decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel LibreOffice Calc
Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization
Depreciation expense
Asset Age Ratio (Years)
Time elapsed since purchase1

Based on: 10-K (filing date: 2021-09-08), 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01).

2021 Calculations

1 Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation expense
= ÷ =

Asset age ratio Description The company
Estimated time elapsed since purchase The approximate age in years of a company’s fixed assets. Useful for comparison purposes. Intuit Inc.’s estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Estimated Remaining Life

Microsoft Excel LibreOffice Calc
Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016
Selected Financial Data (US$ in millions)
Property and equipment, net
Land
Depreciation expense
Asset Age Ratio (Years)
Estimated remaining life1

Based on: 10-K (filing date: 2021-09-08), 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01).

2021 Calculations

1 Estimated remaining life = (Property and equipment, net – Land) ÷ Depreciation expense
= ( – ) ÷ =

Asset age ratio Description The company
Estimated remaining life Intuit Inc.’s estimated remaining life of depreciable property, plant and equipment decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.