Return on Assets (ROA)
since 2005
Calculation
Intuit Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jul 31, 2024 | 9.22% | = | 100 | × | 2,963) | ÷ | 32,132) |
| Jul 31, 2023 | 8.58% | = | 100 | × | 2,384) | ÷ | 27,780) |
| Jul 31, 2022 | 7.45% | = | 100 | × | 2,066) | ÷ | 27,734) |
| Jul 31, 2021 | 13.29% | = | 100 | × | 2,062) | ÷ | 15,516) |
| Jul 31, 2020 | 16.70% | = | 100 | × | 1,826) | ÷ | 10,931) |
| Jul 31, 2019 | 24.78% | = | 100 | × | 1,557) | ÷ | 6,283) |
| Jul 31, 2018 | 23.39% | = | 100 | × | 1,211) | ÷ | 5,178) |
| Jul 31, 2017 | 23.87% | = | 100 | × | 971) | ÷ | 4,068) |
| Jul 31, 2016 | 23.04% | = | 100 | × | 979) | ÷ | 4,250) |
| Jul 31, 2015 | 7.35% | = | 100 | × | 365) | ÷ | 4,968) |
| Jul 31, 2014 | 17.44% | = | 100 | × | 907) | ÷ | 5,201) |
| Jul 31, 2013 | 15.64% | = | 100 | × | 858) | ÷ | 5,486) |
| Jul 31, 2012 | 16.91% | = | 100 | × | 792) | ÷ | 4,684) |
| Jul 31, 2011 | 12.41% | = | 100 | × | 634) | ÷ | 5,110) |
| Jul 31, 2010 | 11.04% | = | 100 | × | 574) | ÷ | 5,198) |
| Jul 31, 2009 | 9.26% | = | 100 | × | 447) | ÷ | 4,826) |
| Jul 31, 2008 | 10.22% | = | 100 | × | 477) | ÷ | 4,667) |
| Jul 31, 2007 | 10.35% | = | 100 | × | 440) | ÷ | 4,252) |
| Jul 31, 2006 | 15.05% | = | 100 | × | 417) | ÷ | 2,770) |
| Jul 31, 2005 | 14.05% | = | 100 | × | 382) | ÷ | 2,716) |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).
1 US$ in millions
The analysis of the provided financial data reveals the following key trends and insights over the period covered.
- Net Income
- Net income exhibits a generally increasing trend from 2005 through 2024. Starting at 382 million US dollars in 2005, it reaches 2963 million US dollars by 2024. There are some fluctuations, notably a decline in 2015 to 365 million US dollars after steady growth, followed by a recovery and continuous increase thereafter. The overall trajectory indicates strong profitability growth over the long term.
- Total Assets
- Total assets display notable expansion over the years, moving from 2716 million US dollars in 2005 to 32132 million US dollars in 2024. This represents significant asset base growth, with a few periods of stagnation or slight contraction such as from 2011 to 2013 and 2014 to 2017. However, the growth accelerates markedly from around 2017 onwards, suggesting increased investment or acquisitions contributing to asset accumulation.
- Return on Assets (ROA)
- ROA values fluctuate throughout the period analyzed. Starting at 14.05% in 2005, the ratio generally demonstrates volatility with peaks and troughs. For example, ROA peaks near 24.78% in 2019 before declining to a lower range around 7-9% during the most recent years. This indicates varying efficiency in asset utilization to generate net income, particularly trending downward in the last few years despite rising net income and assets.
- Overall Observations
- The data suggests a company experiencing growth in profitability and asset base over nearly two decades. The net income growth is strong despite some annual variability, whereas the total asset increase is substantial, especially in the latter years. The decreasing ROA in the most recent period may raise considerations about diminishing returns on newly acquired assets or changes in operational efficiency. Further analysis could explore the causes behind these ROA trends and whether they relate to strategic investments, market conditions, or other factors.
Comparison to Competitors
Intuit Inc., ROA, long-term trends, comparison to competitors
| Intuit Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 31, 2024 | 9.22% | 12.99% | 18.39% | 11.76% | 1.34% | 29.85% | 4.39% | 17.21% | 7.42% | 7.29% | 12.89% | 4.14% | 6.99% | 17.31% | 8.39% |
| Jul 31, 2023 | 8.58% | 13.41% | 18.23% | 18.36% | -3.65% | 27.26% | 5.55% | 17.56% | 6.33% | 4.64% | 3.03% | 0.21% | 9.96% | 11.90% | -2.72% |
| Jul 31, 2022 | 7.45% | 14.55% | 17.51% | 16.53% | -6.49% | 25.90% | 1.29% | 19.94% | 6.15% | -10.80% | -2.18% | 1.52% | 2.44% | 10.45% | 0.28% |
| Jul 31, 2021 | 13.29% | 13.68% | 17.70% | 15.87% | -3.39% | 25.01% | 4.35% | 18.36% | 10.48% | -16.02% | -4.87% | 6.14% | 2.13% | 8.66% | -3.24% |
| Jul 31, 2020 | 16.70% | 13.78% | 21.66% | 14.95% | -10.09% | 14.72% | 3.58% | 14.70% | 8.78% | -43.35% | -2.95% | 0.23% | 1.36% | 8.27% | -7.05% |
| Jul 31, 2019 | 24.78% | 16.04% | 14.22% | 29.46% | — | 13.40% | 6.20% | 13.69% | 10.20% | — | -1.24% | 3.61% | 10.41% | 8.31% | -7.58% |
| Jul 31, 2018 | 23.39% | 16.61% | 13.80% | 14.01% | — | 11.35% | 7.07% | 6.40% | 2.79% | — | -2.54% | 0.61% | -0.69% | 7.04% | -6.49% |
| Jul 31, 2017 | 23.87% | 15.18% | 11.65% | 8.44% | — | 10.21% | 4.59% | 8.80% | 6.92% | — | -6.30% | 1.02% | -4.39% | 2.53% | -12.89% |
| Jul 31, 2016 | 23.04% | 19.95% | 9.20% | 9.69% | — | 8.96% | 10.11% | 8.67% | 7.93% | — | -8.18% | -0.37% | -22.22% | 5.09% | -10.62% |
| Jul 31, 2015 | 7.35% | 16.72% | 5.37% | 10.74% | — | 7.03% | 11.94% | 6.92% | 8.96% | — | -8.40% | -2.46% | -10.98% | 4.48% | -10.51% |
| Jul 31, 2014 | 17.44% | 16.41% | 2.49% | 4.95% | — | 7.96% | 10.23% | 12.81% | 12.13% | — | -15.32% | -2.54% | -12.59% | 5.43% | -7.93% |
| Jul 31, 2013 | 15.64% | 19.46% | 2.79% | 6.76% | — | 7.76% | 13.06% | 15.35% | 13.35% | — | -4.99% | -4.89% | -6.31% | 5.68% | -12.43% |
| Jul 31, 2012 | 16.91% | 15.32% | 8.35% | 19.24% | — | 7.94% | 13.93% | 14.00% | 12.74% | — | 0.18% | -0.28% | -7.81% | 4.40% | — |
| Jul 31, 2011 | 12.41% | 14.48% | 9.26% | 4.10% | — | 6.34% | 13.62% | 21.30% | 11.62% | — | — | 2.09% | — | 6.57% | — |
| Jul 31, 2010 | 11.04% | 13.87% | 9.52% | 7.31% | — | 5.74% | 13.07% | 21.79% | 9.96% | — | — | 3.28% | — | 7.21% | — |
| Jul 31, 2009 | 9.26% | 12.97% | 5.31% | -10.62% | — | 4.99% | 12.31% | 18.71% | 11.80% | — | — | 2.93% | — | 5.71% | — |
| Jul 31, 2008 | 10.22% | 13.64% | 14.98% | -110.44% | — | 6.58% | 11.26% | 24.29% | 11.68% | — | — | 1.68% | — | 6.93% | — |
| Jul 31, 2007 | 10.35% | 11.57% | 12.67% | 7.65% | — | 8.20% | 8.65% | 22.26% | 12.36% | — | — | 0.07% | — | 4.99% | — |
| Jul 31, 2006 | 15.05% | 10.33% | 8.48% | 4.14% | — | 7.83% | 9.19% | 18.10% | 11.65% | — | — | 6.55% | — | 1.15% | — |
| Jul 31, 2005 | 14.05% | 10.50% | 24.70% | 1.45% | — | 9.96% | 7.50% | 17.30% | 13.95% | — | — | 2.62% | — | -0.72% | — |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).
Comparison to Sector (Software & Services)
Intuit Inc., ROA, long-term trends, comparison to sector (software & services)
| Intuit Inc. | Software & Services | |
|---|---|---|
| Jul 31, 2024 | 9.22% | 12.19% |
| Jul 31, 2023 | 8.58% | 11.21% |
| Jul 31, 2022 | 7.45% | 11.41% |
| Jul 31, 2021 | 13.29% | 12.29% |
| Jul 31, 2020 | 16.70% | 9.68% |
| Jul 31, 2019 | 24.78% | 10.84% |
| Jul 31, 2018 | 23.39% | 6.12% |
| Jul 31, 2017 | 23.87% | 7.30% |
| Jul 31, 2016 | 23.04% | 8.86% |
| Jul 31, 2015 | 7.35% | 8.53% |
| Jul 31, 2014 | 17.44% | 11.17% |
| Jul 31, 2013 | 15.64% | 13.45% |
| Jul 31, 2012 | 16.91% | 13.34% |
| Jul 31, 2011 | 12.41% | 15.31% |
| Jul 31, 2010 | 11.04% | 14.65% |
| Jul 31, 2009 | 9.26% | 13.59% |
| Jul 31, 2008 | 10.22% | 14.28% |
| Jul 31, 2007 | 10.35% | 12.82% |
| Jul 31, 2006 | 15.05% | 12.17% |
| Jul 31, 2005 | 14.05% | 11.52% |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).
Comparison to Industry (Information Technology)
Intuit Inc., ROA, long-term trends, comparison to industry (information technology)
| Intuit Inc. | Information Technology | |
|---|---|---|
| Jul 31, 2024 | 9.22% | 11.95% |
| Jul 31, 2023 | 8.58% | 12.52% |
| Jul 31, 2022 | 7.45% | 14.57% |
| Jul 31, 2021 | 13.29% | 14.67% |
| Jul 31, 2020 | 16.70% | 11.45% |
| Jul 31, 2019 | 24.78% | 11.78% |
| Jul 31, 2018 | 23.39% | 10.94% |
| Jul 31, 2017 | 23.87% | 9.05% |
| Jul 31, 2016 | 23.04% | 9.79% |
| Jul 31, 2015 | 7.35% | 11.53% |
| Jul 31, 2014 | 17.44% | 12.36% |
| Jul 31, 2013 | 15.64% | 13.26% |
| Jul 31, 2012 | 16.91% | 14.08% |
| Jul 31, 2011 | 12.41% | 15.10% |
| Jul 31, 2010 | 11.04% | 14.50% |
| Jul 31, 2009 | 9.26% | 10.08% |
| Jul 31, 2008 | 10.22% | 11.99% |
| Jul 31, 2007 | 10.35% | 12.03% |
| Jul 31, 2006 | 15.05% | 12.21% |
| Jul 31, 2005 | 14.05% | 12.76% |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).