Total Asset Turnover
since 2005
Calculation
Intuit Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jul 31, 2026 | 0.58 | = | 21,448) | ÷ | 36,786) |
| Jul 31, 2025 | 0.51 | = | 18,831) | ÷ | 36,958) |
| 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: 2026-07-31), 10-K (reporting date: 2025-07-31), 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
Net revenue demonstrates a consistent upward trajectory over the analyzed period, growing from 2,038 million in 2005 to 21,448 million by 2026. While revenue growth has been steady, the total asset base has experienced more volatile expansion, specifically accelerating significantly between 2019 and 2022. This divergence between revenue growth and asset accumulation has directly influenced the total asset turnover ratio.
- Efficiency Gains (2005–2017)
- During the initial phase, total asset turnover remained relatively stable, fluctuating between 0.63 and 0.85 until 2011. A period of increasing operational efficiency followed, with the ratio climbing steadily to a peak of 1.27 in 2017. This indicates a period where revenue growth outpaced the expansion of the asset base, reflecting optimized utilization of resources to generate sales.
- Asset Expansion and Ratio Compression (2018–2022)
- A sharp reversal in the turnover trend is observed starting in 2018. The ratio declined from 1.15 in 2018 to a low of 0.46 in 2022. This decline coincides with a massive increase in total assets, which rose from 6,283 million in 2019 to 27,734 million in 2022. The rapid accumulation of assets during this window significantly outstripped revenue growth, leading to a marked reduction in asset productivity.
- Stabilization and Recovery (2023–2026)
- From 2023 onward, the total asset turnover ratio shows signs of stabilization, holding near 0.51 before trending upward to 0.58 by 2026. This suggests that the period of aggressive asset acquisition has leveled off, and revenue growth is beginning to catch up to the expanded asset base, gradually improving the efficiency of the capital employed.
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Comparison to Competitors
Intuit Inc., total asset turnover, long-term trends, comparison to competitors
| Intuit Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | 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, 2026 | 0.58 | — | — | — | — | — | — | 0.44 | 0.26 | — | 0.24 | 0.37 | — | — | 0.53 |
| Jul 31, 2025 | 0.51 | 1.07 | 0.81 | 0.75 | 0.52 | 0.52 | 0.44 | 0.46 | 0.34 | 0.50 | 0.39 | 0.37 | 0.51 | 0.15 | 0.47 |
| Jul 31, 2024 | 0.51 | 1.16 | 0.71 | 0.80 | 0.52 | 0.46 | 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 | 0.61 | 0.72 | 0.54 | 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 | 0.48 | 0.69 | 0.56 | 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 | 0.45 | 0.68 | 0.43 | 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 | 0.32 | 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 | 0.35 | 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 | — | 0.65 | 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 | — | 0.63 | 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 | — | 0.68 | 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 | — | 0.74 | 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 | — | 0.79 | 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 | — | 0.79 | 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 | — | 0.88 | 0.61 | 0.47 | — | 0.63 | 0.54 | 0.51 | 0.42 | — |
| Jul 31, 2011 | 0.75 | 1.74 | 0.47 | — | 0.65 | — | 0.92 | 0.64 | 0.48 | — | — | 0.54 | — | 0.46 | — |
| Jul 31, 2010 | 0.66 | 1.80 | 0.47 | — | 0.54 | — | 0.88 | 0.73 | 0.44 | — | — | 0.53 | — | 0.42 | — |
| Jul 31, 2009 | 0.66 | 1.89 | 0.40 | — | 0.60 | — | 0.88 | 0.75 | 0.49 | — | — | 0.73 | — | 0.46 | — |
| Jul 31, 2008 | 0.66 | 2.04 | 0.61 | — | 0.62 | — | 0.95 | 0.83 | 0.47 | — | — | 0.69 | — | 0.49 | — |
| Jul 31, 2007 | 0.63 | 2.00 | 0.55 | — | 0.42 | — | 0.82 | 0.81 | 0.52 | — | — | 0.75 | — | 0.46 | — |
| Jul 31, 2006 | 0.85 | 1.94 | 0.43 | — | 0.43 | — | 0.89 | 0.64 | 0.50 | — | — | 0.71 | — | 0.51 | — |
| Jul 31, 2005 | 0.75 | 1.91 | 0.81 | — | 0.39 | — | 0.86 | 0.56 | 0.57 | — | — | 0.63 | — | 0.46 | — |
Based on: 10-K (reporting date: 2026-07-31), 10-K (reporting date: 2025-07-31), 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, 2026 | 0.58 | — |
| Jul 31, 2025 | 0.51 | 0.46 |
| 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 | 0.47 |
| 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 | 0.77 |
Based on: 10-K (reporting date: 2026-07-31), 10-K (reporting date: 2025-07-31), 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, 2026 | 0.58 | — |
| Jul 31, 2025 | 0.51 | 0.60 |
| Jul 31, 2024 | 0.51 | 0.58 |
| Jul 31, 2023 | 0.52 | 0.61 |
| Jul 31, 2022 | 0.46 | 0.64 |
| 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 | 0.76 |
Based on: 10-K (reporting date: 2026-07-31), 10-K (reporting date: 2025-07-31), 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).