Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Intuit Inc., long-term (investment) activity ratios

Microsoft Excel
Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017
Net fixed asset turnover 14.33 12.35 10.46 8.70 7.34 5.03
Net fixed asset turnover (including operating lease, right-of-use asset) 8.86 8.30 8.00 8.70 7.34 5.03
Total asset turnover 0.46 0.62 0.70 1.08 1.15 1.27
Equity turnover 0.77 0.98 1.50 1.81 2.53 3.82

Based on: 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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Intuit Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Intuit Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Intuit Inc. total asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Intuit Inc. equity turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover

Intuit Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017
Selected Financial Data (US$ in millions)
Net revenue 12,726 9,633 7,679 6,784 5,964 5,177
Property and equipment, net 888 780 734 780 812 1,030
Long-term Activity Ratio
Net fixed asset turnover1 14.33 12.35 10.46 8.70 7.34 5.03
Benchmarks
Net Fixed Asset Turnover, Competitors2
Accenture PLC 37.12 30.83 28.68 31.06 32.91 32.23
Adobe Inc. 9.44 8.48 8.64 8.40 7.79
International Business Machines Corp. 10.07 7.33 7.71 7.38 7.12
Mastercard Inc. 15.28 13.26 15.11 16.23 15.07
Microsoft Corp. 2.66 2.81 3.24 3.45 3.75 3.79
Oracle Corp. 4.37 5.74 6.26 6.32 6.75 7.10
PayPal Holdings Inc. 13.29 11.87 10.50 8.96 8.57
Salesforce Inc. 9.41 8.64 7.20 6.48 5.38 4.69
ServiceNow Inc. 7.70 6.85 7.39 7.51 7.89
Visa Inc. 9.09 8.88 7.98 8.53 8.34 8.15
Net Fixed Asset Turnover, Sector
Software & Services 5.11 5.49 5.89 6.18 6.22
Net Fixed Asset Turnover, Industry
Information Technology 4.54 4.32 4.37 4.63 4.76

Based on: 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).

1 2022 Calculation
Net fixed asset turnover = Net revenue ÷ Property and equipment, net
= 12,726 ÷ 888 = 14.33

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Intuit Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Intuit Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017
Selected Financial Data (US$ in millions)
Net revenue 12,726 9,633 7,679 6,784 5,964 5,177
 
Property and equipment, net 888 780 734 780 812 1,030
Operating lease right-of-use assets 549 380 226
Property and equipment, net (including operating lease, right-of-use asset) 1,437 1,160 960 780 812 1,030
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 8.86 8.30 8.00 8.70 7.34 5.03
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Accenture PLC 13.17 10.48 9.37 31.06 32.91 32.23
Adobe Inc. 7.46 6.42 8.64 8.40 7.79
International Business Machines Corp. 6.43 5.00 5.14 7.38 7.12
Mastercard Inc. 9.90 8.04 9.24 16.23 15.07
Microsoft Corp. 2.26 2.37 2.70 2.87 3.05 3.79
Oracle Corp. 3.21 4.20 4.74 6.32 6.75 7.10
PayPal Holdings Inc. 9.88 8.53 8.18 8.96 8.57
Salesforce Inc. 4.65 3.75 3.16 6.48 5.38 4.69
ServiceNow Inc. 4.34 4.06 3.98 7.51 7.89
Visa Inc. 7.92 7.46 6.73 8.53 8.34 8.15
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Software & Services 3.90 4.10 4.83 5.53 6.22
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.88 3.67 4.07 4.48 4.76

Based on: 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).

1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 12,726 ÷ 1,437 = 8.86

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Intuit Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

Intuit Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017
Selected Financial Data (US$ in millions)
Net revenue 12,726 9,633 7,679 6,784 5,964 5,177
Total assets 27,734 15,516 10,931 6,283 5,178 4,068
Long-term Activity Ratio
Total asset turnover1 0.46 0.62 0.70 1.08 1.15 1.27
Benchmarks
Total Asset Turnover, Competitors2
Accenture PLC 1.30 1.17 1.20 1.45 1.70 1.62
Adobe Inc. 0.58 0.53 0.54 0.48 0.50
International Business Machines Corp. 0.43 0.47 0.51 0.65 0.63
Mastercard Inc. 0.50 0.46 0.58 0.60 0.59
Microsoft Corp. 0.54 0.50 0.47 0.44 0.43 0.37
Oracle Corp. 0.39 0.31 0.34 0.36 0.29 0.28
PayPal Holdings Inc. 0.33 0.30 0.35 0.36 0.32
Salesforce Inc. 0.28 0.32 0.31 0.43 0.50 0.48
ServiceNow Inc. 0.55 0.52 0.57 0.67 0.57
Visa Inc. 0.34 0.29 0.27 0.32 0.30 0.27
Total Asset Turnover, Sector
Software & Services 0.46 0.45 0.48 0.48 0.45
Total Asset Turnover, Industry
Information Technology 0.59 0.54 0.56 0.57 0.49

Based on: 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).

1 2022 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 12,726 ÷ 27,734 = 0.46

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Intuit Inc. total asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Equity Turnover

Intuit Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017
Selected Financial Data (US$ in millions)
Net revenue 12,726 9,633 7,679 6,784 5,964 5,177
Stockholders’ equity 16,441 9,869 5,106 3,749 2,354 1,354
Long-term Activity Ratio
Equity turnover1 0.77 0.98 1.50 1.81 2.53 3.82
Benchmarks
Equity Turnover, Competitors2
Accenture PLC 2.79 2.59 2.61 3.00 4.01 4.11
Adobe Inc. 1.07 0.97 1.06 0.96 0.86
International Business Machines Corp. 3.03 3.57 3.70 4.74 4.50
Mastercard Inc. 2.58 2.39 2.86 2.77 2.29
Microsoft Corp. 1.19 1.18 1.21 1.23 1.33 1.24
Oracle Corp. 7.73 3.24 1.81 0.87 0.70
PayPal Holdings Inc. 1.17 1.07 1.05 1.00 0.82
Salesforce Inc. 0.46 0.51 0.50 0.85 1.12 1.12
ServiceNow Inc. 1.60 1.59 1.63 2.35 3.31
Visa Inc. 0.82 0.64 0.60 0.66 0.61 0.56
Equity Turnover, Sector
Software & Services 1.36 1.40 1.52 1.51 1.38
Equity Turnover, Industry
Information Technology 1.60 1.57 1.59 1.56 1.26

Based on: 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).

1 2022 Calculation
Equity turnover = Net revenue ÷ Stockholders’ equity
= 12,726 ÷ 16,441 = 0.77

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Intuit Inc. equity turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.