Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

Salesforce Inc., long-term (investment) activity ratios

Microsoft Excel
Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Net fixed asset turnover 11.71 9.45 8.47 9.41 8.64 7.20
Net fixed asset turnover (including operating lease, right-of-use asset) 7.03 5.76 4.76 4.65 3.75 3.16
Total asset turnover 0.37 0.35 0.32 0.28 0.32 0.31
Equity turnover 0.62 0.58 0.54 0.46 0.51 0.50

Based on: 10-K (reporting date: 2025-01-31), 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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Salesforce Inc. net fixed asset turnover ratio improved from 2023 to 2024 and from 2024 to 2025.
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). Salesforce Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2023 to 2024 and from 2024 to 2025.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Salesforce Inc. total asset turnover ratio improved from 2023 to 2024 and from 2024 to 2025.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Salesforce Inc. equity turnover ratio improved from 2023 to 2024 and from 2024 to 2025.

Net Fixed Asset Turnover

Salesforce Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Selected Financial Data (US$ in millions)
Revenues 37,895 34,857 31,352 26,492 21,252 17,098
Property and equipment, net 3,236 3,689 3,702 2,815 2,459 2,375
Long-term Activity Ratio
Net fixed asset turnover1 11.71 9.45 8.47 9.41 8.64 7.20
Benchmarks
Net Fixed Asset Turnover, Competitors2
Accenture PLC 42.66 41.90 37.12 30.83 28.68
Adobe Inc. 11.11 9.56 9.23 9.44 8.48
Cadence Design Systems Inc. 10.13 10.14 9.59 9.77 8.62
CrowdStrike Holdings Inc. 5.01 4.93 4.55 5.57 5.24 3.54
International Business Machines Corp. 10.95 11.25 11.35 10.07 7.33
Intuit Inc. 16.14 14.83 14.33 12.35 10.46
Microsoft Corp. 1.81 2.22 2.66 2.81 3.24
Oracle Corp. 2.46 2.93 4.37 5.74 6.26
Palantir Technologies Inc. 72.29 46.59 27.55 49.26 36.99
Palo Alto Networks Inc. 22.23 19.44 15.38 13.37 9.79
ServiceNow Inc. 6.23 6.61 6.88 7.70 6.85
Synopsys Inc. 10.88 10.48 10.51 8.90 7.62
Workday Inc. 6.82 5.88 5.17 4.58 4.44 3.87
Net Fixed Asset Turnover, Sector
Software & Services 3.07 3.74 4.48 4.72 5.14
Net Fixed Asset Turnover, Industry
Information Technology 3.46 3.78 4.44 4.74 4.57

Based on: 10-K (reporting date: 2025-01-31), 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).

1 2025 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net
= 37,895 ÷ 3,236 = 11.71

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. Salesforce Inc. net fixed asset turnover ratio improved from 2023 to 2024 and from 2024 to 2025.

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

Salesforce Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Selected Financial Data (US$ in millions)
Revenues 37,895 34,857 31,352 26,492 21,252 17,098
 
Property and equipment, net 3,236 3,689 3,702 2,815 2,459 2,375
Operating lease right-of-use assets, net 2,157 2,366 2,890 2,880 3,204 3,040
Property and equipment, net (including operating lease, right-of-use asset) 5,393 6,055 6,592 5,695 5,663 5,415
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 7.03 5.76 4.76 4.65 3.75 3.16
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Accenture PLC 15.17 15.38 13.17 10.48 9.37
Adobe Inc. 9.70 8.13 7.61 7.46 6.42
Cadence Design Systems Inc. 7.68 7.38 6.57 6.85 6.04
CrowdStrike Holdings Inc. 4.76 4.57 4.21 4.97 4.30 3.54
International Business Machines Corp. 7.03 7.09 7.37 6.43 5.00
Intuit Inc. 11.47 9.99 8.86 8.30 8.00
Microsoft Corp. 1.59 1.93 2.26 2.37 2.70
Oracle Corp. 1.84 2.31 3.21 4.20 4.74
Palantir Technologies Inc. 11.92 9.65 7.07 6.21 4.43
Palo Alto Networks Inc. 10.75 11.16 9.17 7.32 5.62
ServiceNow Inc. 4.47 4.33 4.18 4.34 4.06
Synopsys Inc. 5.43 5.19 4.87 4.35 3.88
Workday Inc. 5.36 4.77 4.29 3.75 3.11 2.96
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Software & Services 2.53 3.03 3.49 3.58 3.81
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.05 3.32 3.84 4.02 3.86

Based on: 10-K (reporting date: 2025-01-31), 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).

1 2025 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 37,895 ÷ 5,393 = 7.03

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). Salesforce Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2023 to 2024 and from 2024 to 2025.

Total Asset Turnover

Salesforce Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Selected Financial Data (US$ in millions)
Revenues 37,895 34,857 31,352 26,492 21,252 17,098
Total assets 102,928 99,823 98,849 95,209 66,301 55,126
Long-term Activity Ratio
Total asset turnover1 0.37 0.35 0.32 0.28 0.32 0.31
Benchmarks
Total Asset Turnover, Competitors2
Accenture PLC 1.16 1.25 1.30 1.17 1.20
Adobe Inc. 0.71 0.65 0.65 0.58 0.53
Cadence Design Systems Inc. 0.52 0.72 0.69 0.68 0.68
CrowdStrike Holdings Inc. 0.45 0.46 0.45 0.40 0.32 0.34
International Business Machines Corp. 0.46 0.46 0.48 0.43 0.47
Intuit Inc. 0.51 0.52 0.46 0.62 0.70
Microsoft Corp. 0.48 0.51 0.54 0.50 0.47
Oracle Corp. 0.38 0.37 0.39 0.31 0.34
Palantir Technologies Inc. 0.45 0.49 0.55 0.47 0.41
Palo Alto Networks Inc. 0.40 0.48 0.45 0.42 0.38
ServiceNow Inc. 0.54 0.52 0.54 0.55 0.52
Synopsys Inc. 0.47 0.57 0.54 0.48 0.46
Workday Inc. 0.47 0.44 0.46 0.49 0.50 0.53
Total Asset Turnover, Sector
Software & Services 0.49 0.51 0.52 0.49 0.48
Total Asset Turnover, Industry
Information Technology 0.58 0.61 0.65 0.62 0.58

Based on: 10-K (reporting date: 2025-01-31), 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).

1 2025 Calculation
Total asset turnover = Revenues ÷ Total assets
= 37,895 ÷ 102,928 = 0.37

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. Salesforce Inc. total asset turnover ratio improved from 2023 to 2024 and from 2024 to 2025.

Equity Turnover

Salesforce Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Selected Financial Data (US$ in millions)
Revenues 37,895 34,857 31,352 26,492 21,252 17,098
Stockholders’ equity 61,173 59,646 58,359 58,131 41,493 33,885
Long-term Activity Ratio
Equity turnover1 0.62 0.58 0.54 0.46 0.51 0.50
Benchmarks
Equity Turnover, Competitors2
Accenture PLC 2.29 2.50 2.79 2.59 2.61
Adobe Inc. 1.52 1.18 1.25 1.07 0.97
Cadence Design Systems Inc. 0.99 1.20 1.30 1.09 1.08
CrowdStrike Holdings Inc. 1.21 1.33 1.53 1.42 1.00 0.65
International Business Machines Corp. 2.30 2.75 2.76 3.03 3.57
Intuit Inc. 0.88 0.83 0.77 0.98 1.50
Microsoft Corp. 0.91 1.03 1.19 1.18 1.21
Oracle Corp. 6.08 46.56 7.73 3.24
Palantir Technologies Inc. 0.57 0.64 0.74 0.67 0.72
Palo Alto Networks Inc. 1.55 3.94 26.20 6.71 3.09
ServiceNow Inc. 1.14 1.18 1.44 1.60 1.59
Synopsys Inc. 0.68 0.95 0.92 0.79 0.75
Workday Inc. 0.93 0.90 1.11 1.13 1.32 1.46
Equity Turnover, Sector
Software & Services 1.15 1.30 1.43 1.43 1.51
Equity Turnover, Industry
Information Technology 1.42 1.56 1.74 1.79 1.82

Based on: 10-K (reporting date: 2025-01-31), 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).

1 2025 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 37,895 ÷ 61,173 = 0.62

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. Salesforce Inc. equity turnover ratio improved from 2023 to 2024 and from 2024 to 2025.