Total Asset Turnover
since 2005
Calculation
Intuit Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jul 31, 2024 | 0.51 | = | 16,285) | ÷ | 32,132) |
| Jul 31, 2023 | 0.52 | = | 14,368) | ÷ | 27,780) |
| Jul 31, 2022 | 0.46 | = | 12,726) | ÷ | 27,734) |
| Jul 31, 2021 | 0.62 | = | 9,633) | ÷ | 15,516) |
| Jul 31, 2020 | 0.70 | = | 7,679) | ÷ | 10,931) |
| Jul 31, 2019 | 1.08 | = | 6,784) | ÷ | 6,283) |
| Jul 31, 2018 | 1.15 | = | 5,964) | ÷ | 5,178) |
| Jul 31, 2017 | 1.27 | = | 5,177) | ÷ | 4,068) |
| Jul 31, 2016 | 1.10 | = | 4,694) | ÷ | 4,250) |
| Jul 31, 2015 | 0.84 | = | 4,192) | ÷ | 4,968) |
| Jul 31, 2014 | 0.87 | = | 4,506) | ÷ | 5,201) |
| Jul 31, 2013 | 0.76 | = | 4,171) | ÷ | 5,486) |
| Jul 31, 2012 | 0.89 | = | 4,151) | ÷ | 4,684) |
| Jul 31, 2011 | 0.75 | = | 3,851) | ÷ | 5,110) |
| Jul 31, 2010 | 0.66 | = | 3,455) | ÷ | 5,198) |
| Jul 31, 2009 | 0.66 | = | 3,183) | ÷ | 4,826) |
| Jul 31, 2008 | 0.66 | = | 3,071) | ÷ | 4,667) |
| Jul 31, 2007 | 0.63 | = | 2,673) | ÷ | 4,252) |
| Jul 31, 2006 | 0.85 | = | 2,342) | ÷ | 2,770) |
| Jul 31, 2005 | 0.75 | = | 2,038) | ÷ | 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 financial analysis reveals a general upward trend in net revenue over the examined period, increasing from $2,038 million in 2005 to $16,285 million in 2024. This twelvefold growth indicates a sustained expansion in sales or service income, with particularly accelerated growth observed from 2018 onwards, where revenue nearly doubled from $6,784 million to $16,285 million over six years.
Total assets have similarly expanded, starting at $2,716 million in 2005 and reaching $32,132 million by 2024. This growth demonstrates significant asset accumulation, with notable jumps between 2019 and 2021 and again by 2024. The increase suggests substantial investments or acquisitions during these periods, increasing the company's capacity or resource base.
The total asset turnover ratio, which measures the efficiency of asset use in generating revenue, exhibits notable fluctuations. Initially, the ratio fluctuates around a moderate level, starting at 0.75 in 2005, dipping to 0.63 in 2007, and increasing to a peak of 1.27 in 2017. This peak implies effective use of assets relative to revenue at that time. However, from 2018 onwards, the ratio declines steadily down to 0.51 in 2024, indicating that asset growth outpaced revenue growth in recent years or that assets were not utilized as efficiently to generate revenue during this later period.
In summary, the company demonstrates strong revenue growth accompanied by significant asset base expansion. While asset turnover ratios suggest fluctuating asset efficiency, a marked decrease in recent years hints at potential challenges in maintaining proportional revenue generation relative to asset growth. This trend warrants further examination into asset utilization strategies and capital allocation to ensure sustained operational efficiency in the future.
- Net Revenue
- Increased consistently over the period, with a strong acceleration post-2018.
- Total Assets
- Expanded substantially, indicating significant investment or acquisitions, with rapid growth especially after 2019.
- Total Asset Turnover
- Variable over time, peaking in 2017 before declining steadily, suggesting decreasing efficiency in asset utilization in recent years.
Comparison to Competitors
Intuit Inc., total asset turnover, 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 | 0.51 | 1.16 | 0.71 | 0.52 | 0.46 | 1.00 | 0.46 | 0.48 | 0.38 | 0.45 | 0.40 | 0.35 | 0.54 | 0.47 | 0.44 |
| Jul 31, 2023 | 0.52 | 1.25 | 0.65 | 0.72 | 0.45 | 0.96 | 0.46 | 0.51 | 0.37 | 0.49 | 0.48 | 0.32 | 0.52 | 0.57 | 0.46 |
| Jul 31, 2022 | 0.46 | 1.30 | 0.65 | 0.69 | 0.40 | 0.96 | 0.48 | 0.54 | 0.39 | 0.55 | 0.45 | 0.28 | 0.54 | 0.54 | 0.49 |
| Jul 31, 2021 | 0.62 | 1.17 | 0.58 | 0.68 | 0.32 | 0.84 | 0.43 | 0.50 | 0.31 | 0.47 | 0.42 | 0.32 | 0.55 | 0.48 | 0.50 |
| Jul 31, 2020 | 0.70 | 1.20 | 0.53 | 0.68 | 0.34 | 0.81 | 0.47 | 0.47 | 0.34 | 0.41 | 0.38 | 0.31 | 0.52 | 0.46 | 0.53 |
| Jul 31, 2019 | 1.08 | 1.45 | 0.54 | 0.70 | — | 0.81 | 0.51 | 0.44 | 0.36 | — | 0.44 | 0.43 | 0.57 | 0.52 | 0.51 |
| Jul 31, 2018 | 1.15 | 1.70 | 0.48 | 0.87 | — | 0.82 | 0.65 | 0.43 | 0.29 | — | 0.39 | 0.50 | 0.67 | 0.51 | 0.43 |
| Jul 31, 2017 | 1.27 | 1.62 | 0.50 | 0.80 | — | 0.74 | 0.63 | 0.37 | 0.28 | — | 0.51 | 0.48 | 0.57 | 0.50 | 0.50 |
| Jul 31, 2016 | 1.10 | 1.69 | 0.46 | 0.87 | — | 0.72 | 0.68 | 0.44 | 0.33 | — | 0.50 | 0.52 | 0.68 | 0.46 | 0.43 |
| Jul 31, 2015 | 0.84 | 1.80 | 0.41 | 0.72 | — | 0.68 | 0.74 | 0.53 | 0.34 | — | 0.47 | 0.50 | 0.56 | 0.44 | 0.33 |
| Jul 31, 2014 | 0.87 | 1.78 | 0.38 | 0.49 | — | 0.66 | 0.79 | 0.50 | 0.42 | — | 0.40 | 0.44 | 0.48 | 0.43 | 0.22 |
| Jul 31, 2013 | 0.76 | 1.80 | 0.39 | 0.60 | — | 0.64 | 0.79 | 0.55 | 0.45 | — | 0.68 | 0.55 | 0.36 | 0.45 | 0.29 |
| Jul 31, 2012 | 0.89 | 1.79 | 0.44 | 0.58 | — | 0.58 | 0.88 | 0.61 | 0.47 | — | 0.63 | 0.54 | 0.51 | 0.42 | — |
| Jul 31, 2011 | 0.75 | 1.74 | 0.47 | 0.65 | — | 0.55 | 0.92 | 0.64 | 0.48 | — | — | 0.54 | — | 0.46 | — |
| Jul 31, 2010 | 0.66 | 1.80 | 0.47 | 0.54 | — | 0.54 | 0.88 | 0.73 | 0.44 | — | — | 0.53 | — | 0.42 | — |
| Jul 31, 2009 | 0.66 | 1.89 | 0.40 | 0.60 | — | 0.48 | 0.88 | 0.75 | 0.49 | — | — | 0.73 | — | 0.46 | — |
| Jul 31, 2008 | 0.66 | 2.04 | 0.61 | 0.62 | — | 0.58 | 0.95 | 0.83 | 0.47 | — | — | 0.69 | — | 0.49 | — |
| Jul 31, 2007 | 0.63 | 2.00 | 0.55 | 0.42 | — | 0.64 | 0.82 | 0.81 | 0.52 | — | — | 0.75 | — | 0.46 | — |
| Jul 31, 2006 | 0.85 | 1.94 | 0.43 | 0.43 | — | 0.62 | 0.89 | 0.64 | 0.50 | — | — | 0.71 | — | 0.51 | — |
| Jul 31, 2005 | 0.75 | 1.91 | 0.81 | 0.39 | — | 0.59 | 0.86 | 0.56 | 0.57 | — | — | 0.63 | — | 0.46 | — |
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., total asset turnover, long-term trends, comparison to sector (software & services)
| Intuit Inc. | Software & Services | |
|---|---|---|
| Jul 31, 2024 | 0.51 | 0.49 |
| Jul 31, 2023 | 0.52 | 0.51 |
| Jul 31, 2022 | 0.46 | 0.53 |
| Jul 31, 2021 | 0.62 | 0.49 |
| Jul 31, 2020 | 0.70 | 0.48 |
| Jul 31, 2019 | 1.08 | 0.50 |
| Jul 31, 2018 | 1.15 | 0.51 |
| Jul 31, 2017 | 1.27 | 0.48 |
| Jul 31, 2016 | 1.10 | 0.54 |
| Jul 31, 2015 | 0.84 | 0.59 |
| Jul 31, 2014 | 0.87 | 0.61 |
| Jul 31, 2013 | 0.76 | 0.66 |
| Jul 31, 2012 | 0.89 | 0.72 |
| Jul 31, 2011 | 0.75 | 0.75 |
| Jul 31, 2010 | 0.66 | 0.76 |
| Jul 31, 2009 | 0.66 | 0.79 |
| Jul 31, 2008 | 0.66 | 0.86 |
| Jul 31, 2007 | 0.63 | 0.81 |
| Jul 31, 2006 | 0.85 | 0.78 |
| Jul 31, 2005 | 0.75 | 0.76 |
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).
Comparison to Industry (Information Technology)
Intuit Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Intuit Inc. | Information Technology | |
|---|---|---|
| Jul 31, 2024 | 0.51 | 0.58 |
| Jul 31, 2023 | 0.52 | 0.61 |
| Jul 31, 2022 | 0.46 | 0.65 |
| Jul 31, 2021 | 0.62 | 0.62 |
| Jul 31, 2020 | 0.70 | 0.58 |
| Jul 31, 2019 | 1.08 | 0.59 |
| Jul 31, 2018 | 1.15 | 0.59 |
| Jul 31, 2017 | 1.27 | 0.51 |
| Jul 31, 2016 | 1.10 | 0.55 |
| Jul 31, 2015 | 0.84 | 0.63 |
| Jul 31, 2014 | 0.87 | 0.64 |
| Jul 31, 2013 | 0.76 | 0.66 |
| Jul 31, 2012 | 0.89 | 0.70 |
| Jul 31, 2011 | 0.75 | 0.73 |
| Jul 31, 2010 | 0.66 | 0.72 |
| Jul 31, 2009 | 0.66 | 0.69 |
| Jul 31, 2008 | 0.66 | 0.79 |
| Jul 31, 2007 | 0.63 | 0.76 |
| Jul 31, 2006 | 0.85 | 0.75 |
| Jul 31, 2005 | 0.75 | 0.77 |
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).