Total Asset Turnover
since 2005
Calculation
Synopsys Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Oct 31, 2024 | 0.47 | = | 6,127,436) | ÷ | 13,073,561) |
| Oct 31, 2023 | 0.57 | = | 5,842,619) | ÷ | 10,333,131) |
| Oct 31, 2022 | 0.54 | = | 5,081,542) | ÷ | 9,418,087) |
| Oct 31, 2021 | 0.48 | = | 4,204,193) | ÷ | 8,752,260) |
| Oct 31, 2020 | 0.46 | = | 3,685,281) | ÷ | 8,030,062) |
| Oct 31, 2019 | 0.52 | = | 3,360,694) | ÷ | 6,405,160) |
| Oct 31, 2018 | 0.51 | = | 3,121,058) | ÷ | 6,145,974) |
| Oct 31, 2017 | 0.50 | = | 2,724,880) | ÷ | 5,396,414) |
| Oct 31, 2016 | 0.46 | = | 2,422,532) | ÷ | 5,240,365) |
| Oct 31, 2015 | 0.44 | = | 2,242,211) | ÷ | 5,045,739) |
| Oct 31, 2014 | 0.43 | = | 2,057,472) | ÷ | 4,775,499) |
| Oct 31, 2013 | 0.45 | = | 1,962,214) | ÷ | 4,358,935) |
| Oct 31, 2012 | 0.42 | = | 1,756,017) | ÷ | 4,147,656) |
| Oct 31, 2011 | 0.46 | = | 1,535,643) | ÷ | 3,367,334) |
| Oct 31, 2010 | 0.42 | = | 1,380,661) | ÷ | 3,286,541) |
| Oct 31, 2009 | 0.46 | = | 1,360,045) | ÷ | 2,938,854) |
| Oct 31, 2008 | 0.49 | = | 1,336,951) | ÷ | 2,742,478) |
| Oct 31, 2007 | 0.46 | = | 1,212,469) | ÷ | 2,617,337) |
| Oct 31, 2006 | 0.51 | = | 1,095,560) | ÷ | 2,157,822) |
| Oct 31, 2005 | 0.46 | = | 991,931) | ÷ | 2,141,476) |
Based on: 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
1 US$ in thousands
The annual financial data reveals several important trends regarding revenue, total assets, and total asset turnover over the span of two decades.
- Revenue
- Revenue exhibits a consistent upward trend from 2005 through 2024. Starting at approximately $992 million in 2005, revenue increased steadily year over year, reaching about $6.13 billion by 2024. This growth trajectory indicates sustained expansion in the company’s core operations and market presence. Notable acceleration in revenue growth occurred particularly in the periods after 2017, where revenue nearly doubled from around $2.7 billion to over $6 billion by 2024.
- Total Assets
- Total assets also demonstrate a significant increase over the same timeframe, rising from about $2.14 billion in 2005 to roughly $13.07 billion in 2024. This upward movement indicates substantial asset accumulation and investment in the company. The growth in total assets appears steady, with occasional steeper gains post-2015, aligning with the periods of accelerated revenue growth. The increase in assets suggests expansion in capacity, infrastructure, or acquisitions contributing to the company's resource base.
- Total Asset Turnover
- Total asset turnover, defined as the ratio of revenue to total assets, shows some variability but remains within a relatively narrow range from 0.42 to 0.57 over the years. The ratio starts at 0.46 in 2005, dips slightly around 2010 to 0.42, and then recovers to peak around 0.57 in 2022 before dropping back to 0.47 in 2024. These fluctuations suggest varying efficiency in generating revenue from assets. Despite growing total assets and revenue, the company’s asset utilization efficiency has not consistently improved over the period, although short-term improvements are observable.
Overall, the data indicate a robust growth strategy with expanding revenues and asset base. However, the somewhat fluctuating total asset turnover ratio implies that asset utilization efficiency has not uniformly increased in tandem with asset growth, which may warrant further examination into capital management and operational effectiveness.
Comparison to Competitors
Synopsys Inc., total asset turnover, long-term trends, comparison to competitors
| Synopsys Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 31, 2024 | 0.47 | 1.16 | 0.71 | 0.52 | 0.46 | 1.00 | 0.46 | 0.51 | 0.48 | 0.38 | 0.45 | 0.40 | 0.35 | 0.54 | 0.44 |
| Oct 31, 2023 | 0.57 | 1.25 | 0.65 | 0.72 | 0.45 | 0.96 | 0.46 | 0.52 | 0.51 | 0.37 | 0.49 | 0.48 | 0.32 | 0.52 | 0.46 |
| Oct 31, 2022 | 0.54 | 1.30 | 0.65 | 0.69 | 0.40 | 0.96 | 0.48 | 0.46 | 0.54 | 0.39 | 0.55 | 0.45 | 0.28 | 0.54 | 0.49 |
| Oct 31, 2021 | 0.48 | 1.17 | 0.58 | 0.68 | 0.32 | 0.84 | 0.43 | 0.62 | 0.50 | 0.31 | 0.47 | 0.42 | 0.32 | 0.55 | 0.50 |
| Oct 31, 2020 | 0.46 | 1.20 | 0.53 | 0.68 | 0.34 | 0.81 | 0.47 | 0.70 | 0.47 | 0.34 | 0.41 | 0.38 | 0.31 | 0.52 | 0.53 |
| Oct 31, 2019 | 0.52 | 1.45 | 0.54 | 0.70 | — | 0.81 | 0.51 | 1.08 | 0.44 | 0.36 | — | 0.44 | 0.43 | 0.57 | 0.51 |
| Oct 31, 2018 | 0.51 | 1.70 | 0.48 | 0.87 | — | 0.82 | 0.65 | 1.15 | 0.43 | 0.29 | — | 0.39 | 0.50 | 0.67 | 0.43 |
| Oct 31, 2017 | 0.50 | 1.62 | 0.50 | 0.80 | — | 0.74 | 0.63 | 1.27 | 0.37 | 0.28 | — | 0.51 | 0.48 | 0.57 | 0.50 |
| Oct 31, 2016 | 0.46 | 1.69 | 0.46 | 0.87 | — | 0.72 | 0.68 | 1.10 | 0.44 | 0.33 | — | 0.50 | 0.52 | 0.68 | 0.43 |
| Oct 31, 2015 | 0.44 | 1.80 | 0.41 | 0.72 | — | 0.68 | 0.74 | 0.84 | 0.53 | 0.34 | — | 0.47 | 0.50 | 0.56 | 0.33 |
| Oct 31, 2014 | 0.43 | 1.78 | 0.38 | 0.49 | — | 0.66 | 0.79 | 0.87 | 0.50 | 0.42 | — | 0.40 | 0.44 | 0.48 | 0.22 |
| Oct 31, 2013 | 0.45 | 1.80 | 0.39 | 0.60 | — | 0.64 | 0.79 | 0.76 | 0.55 | 0.45 | — | 0.68 | 0.55 | 0.36 | 0.29 |
| Oct 31, 2012 | 0.42 | 1.79 | 0.44 | 0.58 | — | 0.58 | 0.88 | 0.89 | 0.61 | 0.47 | — | 0.63 | 0.54 | 0.51 | — |
| Oct 31, 2011 | 0.46 | 1.74 | 0.47 | 0.65 | — | 0.55 | 0.92 | 0.75 | 0.64 | 0.48 | — | — | 0.54 | — | — |
| Oct 31, 2010 | 0.42 | 1.80 | 0.47 | 0.54 | — | 0.54 | 0.88 | 0.66 | 0.73 | 0.44 | — | — | 0.53 | — | — |
| Oct 31, 2009 | 0.46 | 1.89 | 0.40 | 0.60 | — | 0.48 | 0.88 | 0.66 | 0.75 | 0.49 | — | — | 0.73 | — | — |
| Oct 31, 2008 | 0.49 | 2.04 | 0.61 | 0.62 | — | 0.58 | 0.95 | 0.66 | 0.83 | 0.47 | — | — | 0.69 | — | — |
| Oct 31, 2007 | 0.46 | 2.00 | 0.55 | 0.42 | — | 0.64 | 0.82 | 0.63 | 0.81 | 0.52 | — | — | 0.75 | — | — |
| Oct 31, 2006 | 0.51 | 1.94 | 0.43 | 0.43 | — | 0.62 | 0.89 | 0.85 | 0.64 | 0.50 | — | — | 0.71 | — | — |
| Oct 31, 2005 | 0.46 | 1.91 | 0.81 | 0.39 | — | 0.59 | 0.86 | 0.75 | 0.56 | 0.57 | — | — | 0.63 | — | — |
Based on: 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Sector (Software & Services)
Synopsys Inc., total asset turnover, long-term trends, comparison to sector (software & services)
| Synopsys Inc. | Software & Services | |
|---|---|---|
| Oct 31, 2024 | 0.47 | 0.49 |
| Oct 31, 2023 | 0.57 | 0.51 |
| Oct 31, 2022 | 0.54 | 0.53 |
| Oct 31, 2021 | 0.48 | 0.49 |
| Oct 31, 2020 | 0.46 | 0.48 |
| Oct 31, 2019 | 0.52 | 0.50 |
| Oct 31, 2018 | 0.51 | 0.51 |
| Oct 31, 2017 | 0.50 | 0.48 |
| Oct 31, 2016 | 0.46 | 0.54 |
| Oct 31, 2015 | 0.44 | 0.59 |
| Oct 31, 2014 | 0.43 | 0.61 |
| Oct 31, 2013 | 0.45 | 0.66 |
| Oct 31, 2012 | 0.42 | 0.72 |
| Oct 31, 2011 | 0.46 | 0.75 |
| Oct 31, 2010 | 0.42 | 0.76 |
| Oct 31, 2009 | 0.46 | 0.79 |
| Oct 31, 2008 | 0.49 | 0.86 |
| Oct 31, 2007 | 0.46 | 0.81 |
| Oct 31, 2006 | 0.51 | 0.78 |
| Oct 31, 2005 | 0.46 | 0.76 |
Based on: 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Industry (Information Technology)
Synopsys Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Synopsys Inc. | Information Technology | |
|---|---|---|
| Oct 31, 2024 | 0.47 | 0.58 |
| Oct 31, 2023 | 0.57 | 0.61 |
| Oct 31, 2022 | 0.54 | 0.65 |
| Oct 31, 2021 | 0.48 | 0.62 |
| Oct 31, 2020 | 0.46 | 0.58 |
| Oct 31, 2019 | 0.52 | 0.59 |
| Oct 31, 2018 | 0.51 | 0.59 |
| Oct 31, 2017 | 0.50 | 0.51 |
| Oct 31, 2016 | 0.46 | 0.55 |
| Oct 31, 2015 | 0.44 | 0.63 |
| Oct 31, 2014 | 0.43 | 0.64 |
| Oct 31, 2013 | 0.45 | 0.66 |
| Oct 31, 2012 | 0.42 | 0.70 |
| Oct 31, 2011 | 0.46 | 0.73 |
| Oct 31, 2010 | 0.42 | 0.72 |
| Oct 31, 2009 | 0.46 | 0.69 |
| Oct 31, 2008 | 0.49 | 0.79 |
| Oct 31, 2007 | 0.46 | 0.76 |
| Oct 31, 2006 | 0.51 | 0.75 |
| Oct 31, 2005 | 0.46 | 0.77 |
Based on: 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).