Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Synopsys Inc., long-term (investment) activity ratios
Based on: 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).
| 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 improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| 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 2021 to 2022 and from 2022 to 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Synopsys Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Synopsys Inc. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover
Synopsys Inc., net fixed asset turnover calculation, comparison to benchmarks
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 5,842,619) | 5,081,542) | 4,204,193) | 3,685,281) | 3,360,694) | 3,121,058) | |
| Property and equipment, net | 557,261) | 483,300) | 472,398) | 483,818) | 429,532) | 309,310) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 10.48 | 10.51 | 8.90 | 7.62 | 7.82 | 10.09 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Accenture PLC | 41.90 | 37.12 | 30.83 | 28.68 | 31.06 | — | |
| Adobe Inc. | 9.56 | 9.23 | 9.44 | 8.48 | 8.64 | 8.40 | |
| Autodesk Inc. | 34.76 | 26.99 | 19.66 | 20.25 | 17.17 | — | |
| Cadence Design Systems Inc. | 10.14 | 9.59 | 9.77 | 8.62 | 8.47 | — | |
| CrowdStrike Holdings Inc. | 4.55 | 5.57 | 5.24 | 3.54 | — | — | |
| International Business Machines Corp. | 11.25 | 11.35 | 10.07 | 7.33 | 7.71 | — | |
| Intuit Inc. | 14.83 | 14.33 | 12.35 | 10.46 | 8.70 | — | |
| Microsoft Corp. | 2.22 | 2.66 | 2.81 | 3.24 | 3.45 | — | |
| Oracle Corp. | 2.93 | 4.37 | 5.74 | 6.26 | 6.32 | — | |
| Palo Alto Networks Inc. | 19.44 | 15.38 | 13.37 | 9.79 | 9.80 | — | |
| Salesforce Inc. | 8.47 | 9.41 | 8.64 | 7.20 | 6.48 | — | |
| ServiceNow Inc. | 6.61 | 6.88 | 7.70 | 6.85 | 7.39 | — | |
| Net Fixed Asset Turnover, Sector | |||||||
| Software & Services | 3.75 | 4.50 | 4.74 | 5.18 | 5.54 | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | 3.52 | 4.14 | 4.45 | 4.24 | 4.29 | — | |
Based on: 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).
1 2023 Calculation
Net fixed asset turnover = Revenue ÷ Property and equipment, net
= 5,842,619 ÷ 557,261 = 10.48
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 improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
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, comparison to benchmarks
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 5,842,619) | 5,081,542) | 4,204,193) | 3,685,281) | 3,360,694) | 3,121,058) | |
| Property and equipment, net | 557,261) | 483,300) | 472,398) | 483,818) | 429,532) | 309,310) | |
| Operating lease right-of-use assets, net | 568,829) | 559,090) | 493,251) | 465,818) | —) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 1,126,090) | 1,042,390) | 965,649) | 949,636) | 429,532) | 309,310) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 5.19 | 4.87 | 4.35 | 3.88 | 7.82 | 10.09 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Accenture PLC | 15.38 | 13.17 | 10.48 | 9.37 | 31.06 | — | |
| Adobe Inc. | 8.13 | 7.61 | 7.46 | 6.42 | 8.64 | 8.40 | |
| Autodesk Inc. | 12.87 | 9.39 | 6.22 | 5.45 | 17.17 | — | |
| Cadence Design Systems Inc. | 7.38 | 6.57 | 6.85 | 6.04 | 6.21 | — | |
| CrowdStrike Holdings Inc. | 4.21 | 4.97 | 4.30 | 3.54 | — | — | |
| International Business Machines Corp. | 7.09 | 7.37 | 6.43 | 5.00 | 5.14 | — | |
| Intuit Inc. | 9.99 | 8.86 | 8.30 | 8.00 | 8.70 | — | |
| Microsoft Corp. | 1.93 | 2.26 | 2.37 | 2.70 | 2.87 | — | |
| Oracle Corp. | 2.31 | 3.21 | 4.20 | 4.74 | 6.32 | — | |
| Palo Alto Networks Inc. | 11.16 | 9.17 | 7.32 | 5.62 | 9.80 | — | |
| Salesforce Inc. | 4.76 | 4.65 | 3.75 | 3.16 | 6.48 | — | |
| ServiceNow Inc. | 4.33 | 4.18 | 4.34 | 4.06 | 3.98 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Software & Services | 3.03 | 3.50 | 3.59 | 3.83 | 4.56 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | 3.09 | 3.59 | 3.79 | 3.60 | 4.00 | — | |
Based on: 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).
1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 5,842,619 ÷ 1,126,090 = 5.19
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 2021 to 2022 and from 2022 to 2023. |
Total Asset Turnover
Synopsys Inc., total asset turnover calculation, comparison to benchmarks
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 5,842,619) | 5,081,542) | 4,204,193) | 3,685,281) | 3,360,694) | 3,121,058) | |
| Total assets | 10,333,131) | 9,418,087) | 8,752,260) | 8,030,062) | 6,405,160) | 6,145,974) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.57 | 0.54 | 0.48 | 0.46 | 0.52 | 0.51 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Accenture PLC | 1.25 | 1.30 | 1.17 | 1.20 | 1.45 | — | |
| Adobe Inc. | 0.65 | 0.65 | 0.58 | 0.53 | 0.54 | 0.48 | |
| Autodesk Inc. | 0.53 | 0.51 | 0.52 | 0.53 | 0.54 | — | |
| Cadence Design Systems Inc. | 0.72 | 0.69 | 0.68 | 0.68 | 0.70 | — | |
| CrowdStrike Holdings Inc. | 0.45 | 0.40 | 0.32 | 0.34 | — | — | |
| International Business Machines Corp. | 0.46 | 0.48 | 0.43 | 0.47 | 0.51 | — | |
| Intuit Inc. | 0.52 | 0.46 | 0.62 | 0.70 | 1.08 | — | |
| Microsoft Corp. | 0.51 | 0.54 | 0.50 | 0.47 | 0.44 | — | |
| Oracle Corp. | 0.37 | 0.39 | 0.31 | 0.34 | 0.36 | — | |
| Palo Alto Networks Inc. | 0.48 | 0.45 | 0.42 | 0.38 | 0.44 | — | |
| Salesforce Inc. | 0.32 | 0.28 | 0.32 | 0.31 | 0.43 | — | |
| ServiceNow Inc. | 0.52 | 0.54 | 0.55 | 0.52 | 0.57 | — | |
| Total Asset Turnover, Sector | |||||||
| Software & Services | 0.51 | 0.53 | 0.49 | 0.48 | 0.50 | — | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | 0.59 | 0.63 | 0.61 | 0.57 | 0.58 | — | |
Based on: 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).
1 2023 Calculation
Total asset turnover = Revenue ÷ Total assets
= 5,842,619 ÷ 10,333,131 = 0.57
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 improved from 2021 to 2022 and from 2022 to 2023. |
Equity Turnover
Synopsys Inc., equity turnover calculation, comparison to benchmarks
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Revenue | 5,842,619) | 5,081,542) | 4,204,193) | 3,685,281) | 3,360,694) | 3,121,058) | |
| Total Synopsys stockholders’ equity | 6,147,308) | 5,515,725) | 5,295,137) | 4,907,404) | 4,083,013) | 3,479,152) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 0.95 | 0.92 | 0.79 | 0.75 | 0.82 | 0.90 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Accenture PLC | 2.50 | 2.79 | 2.59 | 2.61 | 3.00 | — | |
| Adobe Inc. | 1.18 | 1.25 | 1.07 | 0.97 | 1.06 | 0.96 | |
| Autodesk Inc. | 4.37 | 5.17 | 3.93 | — | — | — | |
| Cadence Design Systems Inc. | 1.20 | 1.30 | 1.09 | 1.08 | 1.11 | — | |
| CrowdStrike Holdings Inc. | 1.53 | 1.42 | 1.00 | 0.65 | — | — | |
| International Business Machines Corp. | 2.75 | 2.76 | 3.03 | 3.57 | 3.70 | — | |
| Intuit Inc. | 0.83 | 0.77 | 0.98 | 1.50 | 1.81 | — | |
| Microsoft Corp. | 1.03 | 1.19 | 1.18 | 1.21 | 1.23 | — | |
| Oracle Corp. | 46.56 | — | 7.73 | 3.24 | 1.81 | — | |
| Palo Alto Networks Inc. | 3.94 | 26.20 | 6.71 | 3.09 | 1.83 | — | |
| Salesforce Inc. | 0.54 | 0.46 | 0.51 | 0.50 | 0.85 | — | |
| ServiceNow Inc. | 1.18 | 1.44 | 1.60 | 1.59 | 1.63 | — | |
| Equity Turnover, Sector | |||||||
| Software & Services | 1.32 | 1.45 | 1.45 | 1.53 | 1.67 | — | |
| Equity Turnover, Industry | |||||||
| Information Technology | 1.44 | 1.60 | 1.66 | 1.64 | 1.65 | — | |
Based on: 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).
1 2023 Calculation
Equity turnover = Revenue ÷ Total Synopsys stockholders’ equity
= 5,842,619 ÷ 6,147,308 = 0.95
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 improved from 2021 to 2022 and from 2022 to 2023. |