Common-Size Balance Sheet: Assets
Quarterly Data
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Intuit Inc. pages available for free this week:
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Debt
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Intuit Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-K (reporting date: 2026-07-31), 10-Q (reporting date: 2026-04-30), 10-Q (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31).
The asset composition exhibits a structural shift from a highly liquid position to one dominated by intangible assets following a significant acquisition event, followed by a gradual re-balancing toward current assets in later periods.
- Liquidity and Current Asset Trends
- Cash and cash equivalents represented a majority of total assets at 53.30% in October 2020 but experienced a sharp contraction, stabilizing between 4% and 15% for the remainder of the period. Total current assets followed a similar volatile trajectory, dropping from a high of 68.52% in October 2020 to a low of 13.27% in January 2022, before trending upward to reach 41.62% by July 2026.
- Impact of Acquisitions and Intangible Assets
- A substantial increase in non-current assets is observed starting in January 2021, driven by a surge in goodwill and acquired intangible assets. Goodwill rose from 17.48% in October 2020 to a peak of 52.21% in January 2022, while acquired intangible assets jumped from 0.65% to a peak of 28.09% in the same timeframe. Both metrics show a gradual downward trend thereafter, with acquired intangibles declining to 12.62% by July 2026, likely reflecting systematic amortization.
- Evolution of Specialized Receivables
- New asset categories emerged or expanded significantly in the latter half of the analysis. Notes receivable held for investment appeared in July 2022 at 1.84% and generally climbed to 3.99% by July 2026. More notably, funds receivable and amounts held for customers showed a marked increase starting in October 2023 (8.86%), peaking at 19.73% in April 2026, indicating a shift in the operational nature of the balance sheet.
- Long-term Asset Trajectory
- Long-term assets peaked at 86.73% in January 2022, coinciding with the peak in goodwill. Since then, a steady contraction has occurred, with long-term assets reducing to 58.38% by July 2026. This trend is mirrored by a decline in property and equipment, net, which moved from 7.65% in October 2020 to a range of 2.5% to 3.5% for the majority of the subsequent years.
Overall, the financial profile evolved from a cash-rich position to an intangible-heavy structure following an aggressive acquisition phase, and is currently trending toward a more diversified asset base with an increasing emphasis on customer-related receivables and a restoration of current asset proportions.