Stock Analysis on Net

Synopsys Inc. (NASDAQ:SNPS)

Analysis of Long-term (Investment) Activity Ratios 
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

Synopsys Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017
Net fixed asset turnover 10.31 9.68 10.01 10.51 10.17 9.68 9.43 8.90 8.67 8.32 7.85 7.62 7.25 7.23 7.38 7.82 8.87 9.39 9.98 10.09 10.41 10.35 9.99 10.24
Net fixed asset turnover (including operating lease, right-of-use asset) 4.98 4.71 4.69 4.87 4.66 4.42 4.70 4.35 4.23 4.05 4.03 3.88 3.67 3.64 3.68 7.82 8.87 9.39 9.98 10.09 10.41 10.35 9.99 10.24
Total asset turnover 0.56 0.54 0.54 0.54 0.53 0.52 0.51 0.48 0.48 0.48 0.48 0.46 0.46 0.46 0.47 0.52 0.54 0.52 0.50 0.51 0.52 0.52 0.50 0.50
Equity turnover 0.93 0.91 0.92 0.92 0.88 0.86 0.84 0.79 0.79 0.78 0.78 0.75 0.76 0.80 0.81 0.82 0.84 0.83 0.84 0.90 0.96 0.90 0.91 0.83

Based on: 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Synopsys Inc. net fixed asset turnover ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level.
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). Synopsys Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Synopsys Inc. total asset turnover ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Synopsys Inc. equity turnover ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level.

Net Fixed Asset Turnover

Synopsys Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017
Selected Financial Data (US$ in thousands)
Revenue 1,487,288 1,394,863 1,361,340 1,284,292 1,247,766 1,279,229 1,270,255 1,152,419 1,057,130 1,024,323 970,321 1,025,439 964,134 861,327 834,381 851,081 852,970 836,242 820,401 795,082 779,714 776,836 769,426 696,644 695,381 680,069 652,786
Property and equipment, net 535,973 546,439 516,925 483,300 486,872 491,641 477,521 472,398 470,129 478,975 486,604 483,818 484,529 470,412 457,527 429,532 372,566 344,176 317,896 309,310 290,446 283,782 284,441 266,014 262,025 259,476 256,811
Long-term Activity Ratio
Net fixed asset turnover1 10.31 9.68 10.01 10.51 10.17 9.68 9.43 8.90 8.67 8.32 7.85 7.62 7.25 7.23 7.38 7.82 8.87 9.39 9.98 10.09 10.41 10.35 9.99 10.24
Benchmarks
Net Fixed Asset Turnover, Competitors2
Accenture PLC 41.40 40.46 38.17 37.12 35.78 34.22 32.49 30.83 31.16 30.44 29.69 28.68 30.82 31.33 31.71 31.06 31.90 33.16 33.91 32.91 33.04 32.70 32.63 32.23
Adobe Inc. 9.07 9.15 9.23 9.25 9.33 9.48 9.44 9.27 9.15 8.94 8.48 8.48 8.68 8.70 8.64 8.56 8.38 8.65 8.40 8.41 8.18 7.76 7.79
International Business Machines Corp. 11.12 11.34 11.35 11.75 11.31 10.50 10.07 6.68 6.93 7.33 7.33 7.53 7.78 7.95 7.71 7.66 7.63 7.37 7.38
Intuit Inc. 15.00 14.70 14.38 14.33 15.00 13.74 13.08 12.35 11.24 9.74 10.55 10.46 9.20 9.40 8.97 8.70 8.48 7.94 7.57 7.34
Microsoft Corp. 2.36 2.47 2.64 2.66 2.74 2.75 2.76 2.81 2.91 2.96 3.07 3.24 3.36 3.31 3.38 3.45 3.63 3.62 3.66 3.75
Oracle Corp. 2.93 3.21 3.60 4.37 4.86 5.16 5.37 5.74 5.82 5.95 6.13 6.26 6.36 6.31 6.31 6.32 6.39 6.63 6.73 6.75
Palo Alto Networks Inc. 18.99 17.86 16.45 15.38 14.54 13.39 14.05 13.37 12.36 11.44 10.60 9.79 9.14 10.02 9.53 9.80 10.01 9.49 8.77 8.32
Salesforce Inc. 8.62 8.69 9.74 9.41 9.03 8.68 8.98 8.64 7.91 7.67 7.24 7.20 6.70 6.45 6.25 6.48 6.27 5.95 5.69 5.38
ServiceNow Inc. 6.98 6.82 6.88 7.57 7.54 7.84 7.70 7.47 7.06 6.97 6.85 7.48 7.23 7.89 7.39 8.04 8.27 8.01 7.51

Based on: 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31).

1 Q3 2023 Calculation
Net fixed asset turnover = (RevenueQ3 2023 + RevenueQ2 2023 + RevenueQ1 2023 + RevenueQ4 2022) ÷ Property and equipment, net
= (1,487,288 + 1,394,863 + 1,361,340 + 1,284,292) ÷ 535,973 = 10.31

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. Synopsys Inc. net fixed asset turnover ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level.

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

Synopsys Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)

Microsoft Excel
Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017
Selected Financial Data (US$ in thousands)
Revenue 1,487,288 1,394,863 1,361,340 1,284,292 1,247,766 1,279,229 1,270,255 1,152,419 1,057,130 1,024,323 970,321 1,025,439 964,134 861,327 834,381 851,081 852,970 836,242 820,401 795,082 779,714 776,836 769,426 696,644 695,381 680,069 652,786
 
Property and equipment, net 535,973 546,439 516,925 483,300 486,872 491,641 477,521 472,398 470,129 478,975 486,604 483,818 484,529 470,412 457,527 429,532 372,566 344,176 317,896 309,310 290,446 283,782 284,441 266,014 262,025 259,476 256,811
Operating lease right-of-use assets, net 574,727 576,727 586,892 559,090 574,501 585,108 481,526 493,251 493,899 505,225 462,136 465,818 472,244 462,778 460,137
Property and equipment, net (including operating lease, right-of-use asset) 1,110,700 1,123,166 1,103,817 1,042,390 1,061,373 1,076,749 959,047 965,649 964,028 984,200 948,740 949,636 956,773 933,190 917,664 429,532 372,566 344,176 317,896 309,310 290,446 283,782 284,441 266,014 262,025 259,476 256,811
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 4.98 4.71 4.69 4.87 4.66 4.42 4.70 4.35 4.23 4.05 4.03 3.88 3.67 3.64 3.68 7.82 8.87 9.39 9.98 10.09 10.41 10.35 9.99 10.24
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Accenture PLC 14.85 14.14 13.47 13.17 12.30 11.56 11.17 10.48 10.27 9.83 9.71 9.37 9.54 9.69 9.68 31.06 31.90 33.16 33.91 32.91 33.04 32.70 32.63 32.23
Adobe Inc. 7.61 7.60 7.61 7.57 7.52 7.55 7.46 7.26 7.08 6.82 6.42 6.30 6.42 6.32 8.64 8.56 8.38 8.65 8.40 8.41 8.18 7.76 7.79
International Business Machines Corp. 7.48 7.45 7.37 7.67 7.35 6.73 6.43 4.56 4.73 4.97 5.00 5.11 5.21 5.28 5.14 5.15 5.12 5.14 7.38
Intuit Inc. 9.89 9.51 9.11 8.86 10.03 8.99 8.64 8.30 7.66 6.52 8.04 8.00 7.11 6.76 6.42 8.70 8.48 7.94 7.57 7.34
Microsoft Corp. 2.03 2.12 2.25 2.26 2.31 2.32 2.34 2.37 2.44 2.47 2.58 2.70 2.79 2.74 2.80 2.87 3.00 3.00 3.01 3.05
Palo Alto Networks Inc. 11.00 10.33 9.47 9.17 8.68 8.08 7.91 7.32 6.86 6.49 6.08 5.62 5.26 5.37 5.03 9.80 10.01 9.49 8.77 8.32
Salesforce Inc. 4.72 4.80 4.83 4.65 4.40 4.03 4.02 3.75 3.67 3.52 3.31 3.16 2.87 2.84 2.75 6.48 6.27 5.95 5.69 5.38
ServiceNow Inc. 4.44 4.24 4.18 4.63 4.46 4.53 4.34 4.11 4.32 4.21 4.06 4.13 3.91 3.97 3.98 4.00 3.95 3.77 7.51

Based on: 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31).

1 Q3 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (RevenueQ3 2023 + RevenueQ2 2023 + RevenueQ1 2023 + RevenueQ4 2022) ÷ Property and equipment, net (including operating lease, right-of-use asset)
= (1,487,288 + 1,394,863 + 1,361,340 + 1,284,292) ÷ 1,110,700 = 4.98

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). Synopsys Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Total Asset Turnover

Synopsys Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017
Selected Financial Data (US$ in thousands)
Revenue 1,487,288 1,394,863 1,361,340 1,284,292 1,247,766 1,279,229 1,270,255 1,152,419 1,057,130 1,024,323 970,321 1,025,439 964,134 861,327 834,381 851,081 852,970 836,242 820,401 795,082 779,714 776,836 769,426 696,644 695,381 680,069 652,786
Total assets 9,923,231 9,790,732 9,565,624 9,418,087 9,329,547 9,210,381 8,901,346 8,752,260 8,485,906 8,339,565 8,012,838 8,030,062 7,663,250 7,322,466 7,202,903 6,405,160 6,153,408 6,194,223 6,344,486 6,145,974 5,795,215 5,699,071 5,717,549 5,396,414 5,678,939 5,466,558 5,264,254
Long-term Activity Ratio
Total asset turnover1 0.56 0.54 0.54 0.54 0.53 0.52 0.51 0.48 0.48 0.48 0.48 0.46 0.46 0.46 0.47 0.52 0.54 0.52 0.50 0.51 0.52 0.52 0.50 0.50
Benchmarks
Total Asset Turnover, Competitors2
Accenture PLC 1.27 1.32 1.32 1.30 1.29 1.28 1.23 1.17 1.14 1.14 1.17 1.20 1.27 1.33 1.33 1.45 1.52 1.55 1.58 1.70 1.75 1.69 1.65 1.62
Adobe Inc. 0.66 0.67 0.65 0.64 0.63 0.62 0.58 0.58 0.56 0.55 0.53 0.55 0.56 0.55 0.54 0.53 0.51 0.49 0.48 0.56 0.54 0.51 0.50
International Business Machines Corp. 0.46 0.45 0.48 0.48 0.47 0.44 0.43 0.42 0.44 0.47 0.47 0.49 0.49 0.50 0.51 0.52 0.50 0.60 0.65
Intuit Inc. 0.49 0.50 0.49 0.46 0.45 0.43 0.69 0.62 0.56 0.53 0.81 0.70 0.88 1.06 1.12 1.08 0.98 1.21 1.24 1.15
Microsoft Corp. 0.55 0.56 0.56 0.54 0.56 0.54 0.53 0.50 0.52 0.50 0.49 0.47 0.49 0.47 0.47 0.44 0.46 0.46 0.45 0.43
Oracle Corp. 0.36 0.36 0.34 0.39 0.39 0.39 0.33 0.31 0.34 0.36 0.35 0.34 0.41 0.40 0.37 0.36 0.36 0.34 0.31 0.29
Palo Alto Networks Inc. 0.46 0.47 0.46 0.45 0.47 0.47 0.44 0.42 0.42 0.40 0.41 0.38 0.50 0.43 0.44 0.44 0.44 0.45 0.42 0.39
Salesforce Inc. 0.33 0.31 0.30 0.28 0.29 0.27 0.34 0.32 0.34 0.34 0.34 0.31 0.32 0.44 0.42 0.43 0.47 0.46 0.48 0.50
ServiceNow Inc. 0.54 0.56 0.54 0.62 0.59 0.57 0.55 0.58 0.56 0.55 0.52 0.55 0.61 0.60 0.57 0.68 0.65 0.64 0.67

Based on: 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31).

1 Q3 2023 Calculation
Total asset turnover = (RevenueQ3 2023 + RevenueQ2 2023 + RevenueQ1 2023 + RevenueQ4 2022) ÷ Total assets
= (1,487,288 + 1,394,863 + 1,361,340 + 1,284,292) ÷ 9,923,231 = 0.56

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. Synopsys Inc. total asset turnover ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level.

Equity Turnover

Synopsys Inc., equity turnover calculation (quarterly data)

Microsoft Excel
Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017
Selected Financial Data (US$ in thousands)
Revenue 1,487,288 1,394,863 1,361,340 1,284,292 1,247,766 1,279,229 1,270,255 1,152,419 1,057,130 1,024,323 970,321 1,025,439 964,134 861,327 834,381 851,081 852,970 836,242 820,401 795,082 779,714 776,836 769,426 696,644 695,381 680,069 652,786
Total Synopsys stockholders’ equity 5,958,555 5,831,859 5,636,754 5,515,725 5,604,026 5,564,311 5,386,773 5,295,137 5,151,020 5,088,135 4,882,252 4,907,404 4,595,925 4,275,086 4,148,827 4,083,013 3,933,806 3,909,572 3,778,802 3,479,152 3,158,139 3,256,293 3,136,529 3,275,620 3,423,168 3,377,495 3,324,685
Long-term Activity Ratio
Equity turnover1 0.93 0.91 0.92 0.92 0.88 0.86 0.84 0.79 0.79 0.78 0.78 0.75 0.76 0.80 0.81 0.82 0.84 0.83 0.84 0.90 0.96 0.90 0.91 0.83
Benchmarks
Equity Turnover, Competitors2
Accenture PLC 2.51 2.66 2.72 2.79 2.79 2.76 2.64 2.59 2.48 2.49 2.50 2.61 2.78 2.89 2.90 3.00 3.12 3.19 3.32 4.01 4.14 4.04 4.15 4.11
Adobe Inc. 1.24 1.27 1.25 1.20 1.19 1.17 1.07 1.05 1.04 1.01 0.97 1.06 1.11 1.11 1.06 1.04 1.02 0.97 0.96 0.97 0.93 0.89 0.86
International Business Machines Corp. 2.73 2.80 2.76 3.02 3.07 3.06 3.03 2.75 2.98 3.24 3.57 3.54 3.67 3.83 3.70 4.30 4.41 4.78 4.74
Intuit Inc. 0.80 0.86 0.83 0.77 0.76 0.73 1.06 0.98 0.89 0.87 1.49 1.50 1.45 1.91 1.91 1.81 1.67 2.30 2.19 2.53
Microsoft Corp. 1.07 1.11 1.17 1.19 1.18 1.16 1.16 1.18 1.19 1.18 1.19 1.21 1.21 1.22 1.22 1.23 1.29 1.29 1.34 1.33
Oracle Corp. 7.73 4.46 4.98 4.13 3.24 2.79 2.54 2.14 1.81 1.67 1.30 1.05 0.87
Palo Alto Networks Inc. 5.27 8.44 11.45 26.20 15.31 41.24 8.78 6.71 4.00 3.65 4.80 3.09 4.38 1.94 1.99 1.83 1.89 2.42 1.93 2.35
Salesforce Inc. 0.51 0.49 0.47 0.46 0.44 0.42 0.53 0.51 0.50 0.50 0.53 0.50 0.48 0.86 0.85 0.85 0.85 0.87 1.00 1.12
ServiceNow Inc. 1.16 1.36 1.44 1.53 1.57 1.57 1.60 1.57 1.58 1.59 1.59 1.58 1.60 1.64 1.63 2.26 2.39 2.35 2.35

Based on: 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31).

1 Q3 2023 Calculation
Equity turnover = (RevenueQ3 2023 + RevenueQ2 2023 + RevenueQ1 2023 + RevenueQ4 2022) ÷ Total Synopsys stockholders’ equity
= (1,487,288 + 1,394,863 + 1,361,340 + 1,284,292) ÷ 5,958,555 = 0.93

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. Synopsys Inc. equity turnover ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level.