Stock Analysis on Net

Autodesk Inc. (NASDAQ:ADSK)

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Autodesk Inc., adjusted financial ratios

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Activity Ratio
Total Asset Turnover
Reported 0.55 0.53 0.51 0.52 0.53 0.54
Adjusted 0.59 0.69 0.61 0.64 0.68 0.54
Liquidity Ratio
Current Ratio
Reported 0.82 0.84 0.69 0.83 0.83 0.70
Adjusted 4.21 4.20 2.42 3.59 2.55 3.03
Solvency Ratios
Debt to Equity
Reported 1.23 1.99 3.09 1.70
Adjusted 0.52 0.56 0.78 0.59 0.88 1.29
Debt to Capital
Reported 0.55 0.67 0.76 0.63 1.07 1.11
Adjusted 0.34 0.36 0.44 0.37 0.47 0.56
Financial Leverage
Reported 5.34 8.24 10.14 7.54
Adjusted 1.75 1.78 2.00 1.82 2.11 2.64
Profitability Ratios
Net Profit Margin
Reported 16.48% 16.44% 11.33% 31.88% 6.55% -3.14%
Adjusted 8.82% 22.04% 18.95% 19.71% 26.64% -0.79%
Return on Equity (ROE)
Reported 48.84% 71.88% 58.53% 125.14%
Adjusted 9.04% 26.90% 23.21% 22.83% 38.50% -1.12%
Return on Assets (ROA)
Reported 9.14% 8.72% 5.77% 16.60% 3.47% -1.71%
Adjusted 5.18% 15.15% 11.59% 12.53% 18.22% -0.42%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Autodesk Inc. adjusted total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Autodesk Inc. adjusted current ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Autodesk Inc. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Autodesk Inc. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.
Autodesk Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Autodesk Inc. adjusted net profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Autodesk Inc. adjusted ROE improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Autodesk Inc. adjusted ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Autodesk Inc., Financial Ratios: Reported vs. Adjusted


Adjusted Total Asset Turnover

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net revenue 5,497 5,005 4,386 3,790 3,274 2,570
Total assets 9,912 9,438 8,607 7,280 6,179 4,729
Activity Ratio
Total asset turnover1 0.55 0.53 0.51 0.52 0.53 0.54
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net revenue2 5,181 5,795 4,816 4,144 4,190 2,706
Adjusted total assets3 8,823 8,429 7,871 6,521 6,128 5,023
Activity Ratio
Adjusted total asset turnover4 0.59 0.69 0.61 0.64 0.68 0.54

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 5,497 ÷ 9,912 = 0.55

2 Adjusted net revenue. See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted total asset turnover = Adjusted net revenue ÷ Adjusted total assets
= 5,181 ÷ 8,823 = 0.59

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Autodesk Inc. adjusted total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Adjusted Current Ratio

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Reported
Selected Financial Data (US$ in millions)
Current assets 3,579 3,341 2,764 2,699 2,659 1,620
Current liabilities 4,351 4,000 4,009 3,255 3,219 2,301
Liquidity Ratio
Current ratio1 0.82 0.84 0.69 0.83 0.83 0.70
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 3,583 3,346 2,768 2,703 2,664 1,622
Adjusted current liabilities3 851 797 1,146 754 1,043 536
Liquidity Ratio
Adjusted current ratio4 4.21 4.20 2.42 3.59 2.55 3.03

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,579 ÷ 4,351 = 0.82

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2024 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 3,583 ÷ 851 = 4.21

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Autodesk Inc. adjusted current ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Equity

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt 2,284 2,281 2,628 1,637 2,085 2,088
Stockholders’ equity (deficit) 1,855 1,145 849 966 (139) (211)
Solvency Ratio
Debt to equity1 1.23 1.99 3.09 1.70
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 2,626 2,666 3,060 2,105 2,545 2,445
Adjusted stockholders’ equity (deficit)3 5,053 4,748 3,932 3,578 2,899 1,899
Solvency Ratio
Adjusted debt to equity4 0.52 0.56 0.78 0.59 0.88 1.29

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity (deficit)
= 2,284 ÷ 1,855 = 1.23

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity (deficit). See details »

4 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity (deficit)
= 2,626 ÷ 5,053 = 0.52

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Autodesk Inc. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Capital

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt 2,284 2,281 2,628 1,637 2,085 2,088
Total capital 4,139 3,426 3,477 2,603 1,946 1,877
Solvency Ratio
Debt to capital1 0.55 0.67 0.76 0.63 1.07 1.11
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 2,626 2,666 3,060 2,105 2,545 2,445
Adjusted total capital3 7,679 7,414 6,992 5,682 5,444 4,344
Solvency Ratio
Adjusted debt to capital4 0.34 0.36 0.44 0.37 0.47 0.56

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 2,284 ÷ 4,139 = 0.55

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 2,626 ÷ 7,679 = 0.34

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Autodesk Inc. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Financial Leverage

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total assets 9,912 9,438 8,607 7,280 6,179 4,729
Stockholders’ equity (deficit) 1,855 1,145 849 966 (139) (211)
Solvency Ratio
Financial leverage1 5.34 8.24 10.14 7.54
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 8,823 8,429 7,871 6,521 6,128 5,023
Adjusted stockholders’ equity (deficit)3 5,053 4,748 3,932 3,578 2,899 1,899
Solvency Ratio
Adjusted financial leverage4 1.75 1.78 2.00 1.82 2.11 2.64

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity (deficit)
= 9,912 ÷ 1,855 = 5.34

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity (deficit). See details »

4 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity (deficit)
= 8,823 ÷ 5,053 = 1.75

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.
Autodesk Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

Adjusted Net Profit Margin

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 906 823 497 1,208 215 (81)
Net revenue 5,497 5,005 4,386 3,790 3,274 2,570
Profitability Ratio
Net profit margin1 16.48% 16.44% 11.33% 31.88% 6.55% -3.14%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 457 1,277 913 817 1,116 (21)
Adjusted net revenue3 5,181 5,795 4,816 4,144 4,190 2,706
Profitability Ratio
Adjusted net profit margin4 8.82% 22.04% 18.95% 19.71% 26.64% -0.79%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
Net profit margin = 100 × Net income (loss) ÷ Net revenue
= 100 × 906 ÷ 5,497 = 16.48%

2 Adjusted net income (loss). See details »

3 Adjusted net revenue. See details »

4 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Adjusted net revenue
= 100 × 457 ÷ 5,181 = 8.82%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Autodesk Inc. adjusted net profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Adjusted Return on Equity (ROE)

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 906 823 497 1,208 215 (81)
Stockholders’ equity (deficit) 1,855 1,145 849 966 (139) (211)
Profitability Ratio
ROE1 48.84% 71.88% 58.53% 125.14%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 457 1,277 913 817 1,116 (21)
Adjusted stockholders’ equity (deficit)3 5,053 4,748 3,932 3,578 2,899 1,899
Profitability Ratio
Adjusted ROE4 9.04% 26.90% 23.21% 22.83% 38.50% -1.12%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
ROE = 100 × Net income (loss) ÷ Stockholders’ equity (deficit)
= 100 × 906 ÷ 1,855 = 48.84%

2 Adjusted net income (loss). See details »

3 Adjusted stockholders’ equity (deficit). See details »

4 2024 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted stockholders’ equity (deficit)
= 100 × 457 ÷ 5,053 = 9.04%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Autodesk Inc. adjusted ROE improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Adjusted Return on Assets (ROA)

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) 906 823 497 1,208 215 (81)
Total assets 9,912 9,438 8,607 7,280 6,179 4,729
Profitability Ratio
ROA1 9.14% 8.72% 5.77% 16.60% 3.47% -1.71%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 457 1,277 913 817 1,116 (21)
Adjusted total assets3 8,823 8,429 7,871 6,521 6,128 5,023
Profitability Ratio
Adjusted ROA4 5.18% 15.15% 11.59% 12.53% 18.22% -0.42%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 2024 Calculation
ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 906 ÷ 9,912 = 9.14%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 457 ÷ 8,823 = 5.18%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Autodesk Inc. adjusted ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.