Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Intuit Inc. (NASDAQ:INTU)

Analysis of Short-term (Operating) Activity Ratios

Beginner level


Short-term Activity Ratios (Summary)

Intuit Inc., short-term (operating) activity ratios

Microsoft Excel LibreOffice Calc
Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016 Jul 31, 2015
Turnover Ratios
Receivables turnover 51.54 77.98 60.86 50.26 43.46 46.07
Payables turnover 4.52 4.26 5.49 5.15 4.09 3.82
Working capital turnover 1.73 4.17 20.71 5.14
Average No. Days
Average receivable collection period 7 5 6 7 8 8
Average payables payment period 81 86 66 71 89 96

Based on: 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01), 10-K (filing date: 2015-09-01).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Intuit Inc.’s receivables turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Intuit Inc.’s payables turnover ratio decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Intuit Inc.’s working capital turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Intuit Inc.’s number of days of receivables outstanding improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Intuit Inc.’s number of days of payables outstanding increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.

Receivables Turnover

Intuit Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016 Jul 31, 2015
Selected Financial Data (US$ in millions)
Net revenue 7,679  6,784  5,964  5,177  4,694  4,192 
Accounts receivable, net of allowance for doubtful accounts 149  87  98  103  108  91 
Short-term Activity Ratio
Receivables turnover1 51.54 77.98 60.86 50.26 43.46 46.07
Benchmarks
Receivables Turnover, Competitors2
Adobe Inc. 7.28 6.86 5.99 7.03 7.14
Alphabet Inc. 6.39 6.57 6.05 6.39 6.49
Autodesk Inc. 5.02 5.42 4.69 4.49 3.83 5.47
Facebook Inc. 7.43 7.36 6.97 6.92 7.01
International Business Machines Corp. 9.80 10.71 8.86 8.70 9.81
Microsoft Corp. 4.47 4.26 4.17 4.54 4.67 5.23
Oracle Corp. 7.04 7.69 7.55 7.12 6.88 6.80
salesforce.com inc. 2.77 2.70 2.68 2.63 2.67 2.82
ServiceNow Inc. 4.14 4.54 4.44 4.31 4.94
Receivables Turnover, Sector
Software & Computer Services 6.01 6.12 6.03 6.16 6.58
Receivables Turnover, Industry
Technology 7.50 7.54 7.69 8.07 8.64

Based on: 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01), 10-K (filing date: 2015-09-01).

1 2020 Calculation
Receivables turnover = Net revenue ÷ Accounts receivable, net of allowance for doubtful accounts
= 7,679 ÷ 149 = 51.54

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Intuit Inc.’s receivables turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Payables Turnover

Intuit Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016 Jul 31, 2015
Selected Financial Data (US$ in millions)
Cost of revenue 1,378  1,167  977  809  752  725 
Accounts payable 305  274  178  157  184  190 
Short-term Activity Ratio
Payables turnover1 4.52 4.26 5.49 5.15 4.09 3.82
Benchmarks
Payables Turnover, Competitors2
Adobe Inc. 7.98 6.42 8.90 9.31 7.98
Alphabet Inc. 12.93 13.60 14.53 17.22 14.59
Autodesk Inc. 3.88 2.81 3.20 3.66 3.09 3.40
Facebook Inc. 9.37 11.41 14.35 12.55 14.63
International Business Machines Corp. 8.30 6.50 6.65 6.70 6.81
Microsoft Corp. 3.68 4.57 4.45 4.64 4.75 5.01
Oracle Corp. 12.46 13.78 15.28 12.47 14.84 9.34
salesforce.com inc.
ServiceNow Inc. 15.04 20.26 15.56 10.47 8.82
Payables Turnover, Sector
Software & Computer Services 8.19 7.66 7.66 7.62 7.27
Payables Turnover, Industry
Technology 5.54 4.82 4.80 5.41 5.72

Based on: 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01), 10-K (filing date: 2015-09-01).

1 2020 Calculation
Payables turnover = Cost of revenue ÷ Accounts payable
= 1,378 ÷ 305 = 4.52

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Intuit Inc.’s payables turnover ratio decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Working Capital Turnover

Intuit Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016 Jul 31, 2015
Selected Financial Data (US$ in millions)
Current assets 7,980  3,594  2,404  1,415  1,614  2,560 
Less: Current liabilities 3,529  1,966  2,116  1,944  2,251  1,744 
Working capital 4,451  1,628  288  (529) (637) 816 
 
Net revenue 7,679  6,784  5,964  5,177  4,694  4,192 
Short-term Activity Ratio
Working capital turnover1 1.73 4.17 20.71 5.14
Benchmarks
Working Capital Turnover, Competitors2
Adobe Inc. 16.24 1.96 1.93 1.84
Alphabet Inc. 1.51 1.35 1.11 1.02 1.06
Autodesk Inc. 7.38 1.79 1.98
Facebook Inc. 1.38 1.28 0.91 0.88 0.91
International Business Machines Corp. 107.30 7.29 6.40 10.50 9.93
Microsoft Corp. 1.30 1.19 0.99 0.94 1.06 1.25
Oracle Corp. 1.12 1.42 0.70 0.75 0.79 0.80
salesforce.com inc. 15.29
ServiceNow Inc. 46.69 7.86 6.24 5.13 2.84
Working Capital Turnover, Sector
Software & Computer Services 1.76 1.40 1.25 1.32 1.44
Working Capital Turnover, Industry
Technology 2.42 2.24 1.73 1.87 2.10

Based on: 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01), 10-K (filing date: 2015-09-01).

1 2020 Calculation
Working capital turnover = Net revenue ÷ Working capital
= 7,679 ÷ 4,451 = 1.73

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Intuit Inc.’s working capital turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Average Receivable Collection Period

Intuit Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016 Jul 31, 2015
Selected Financial Data
Receivables turnover 51.54 77.98 60.86 50.26 43.46 46.07
Short-term Activity Ratio (no. days)
Average receivable collection period1 7 5 6 7 8 8
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Adobe Inc. 50 53 61 52 51
Alphabet Inc. 57 56 60 57 56
Autodesk Inc. 73 67 78 81 95 67
Facebook Inc. 49 50 52 53 52
International Business Machines Corp. 37 34 41 42 37
Microsoft Corp. 82 86 88 80 78 70
Oracle Corp. 52 47 48 51 53 54
salesforce.com inc. 132 135 136 139 137 129
ServiceNow Inc. 88 80 82 85 74
Average Receivable Collection Period, Sector
Software & Computer Services 61 60 61 59 55
Average Receivable Collection Period, Industry
Technology 49 48 47 45 42

Based on: 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01), 10-K (filing date: 2015-09-01).

1 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 51.54 = 7

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Intuit Inc.’s number of days of receivables outstanding improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Average Payables Payment Period

Intuit Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jul 31, 2020 Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016 Jul 31, 2015
Selected Financial Data
Payables turnover 4.52 4.26 5.49 5.15 4.09 3.82
Short-term Activity Ratio (no. days)
Average payables payment period1 81 86 66 71 89 96
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Adobe Inc. 46 57 41 39 46
Alphabet Inc. 28 27 25 21 25
Autodesk Inc. 94 130 114 100 118 107
Facebook Inc. 39 32 25 29 25
International Business Machines Corp. 44 56 55 54 54
Microsoft Corp. 99 80 82 79 77 73
Oracle Corp. 29 26 24 29 25 39
salesforce.com inc.
ServiceNow Inc. 24 18 23 35 41
Average Payables Payment Period, Sector
Software & Computer Services 45 48 48 48 50
Average Payables Payment Period, Industry
Technology 66 76 76 67 64

Based on: 10-K (filing date: 2020-08-31), 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01), 10-K (filing date: 2015-09-01).

1 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 4.52 = 81

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Intuit Inc.’s number of days of payables outstanding increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.