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Autodesk (Autodesk) Operating Income : $1,128 Mil (TTM As of Jan. 2024)


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What is Autodesk Operating Income?

Autodesk's Operating Income for the three months ended in Jan. 2024 was $315 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 was $1,128 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Autodesk's Operating Income for the three months ended in Jan. 2024 was $315 Mil. Autodesk's Revenue for the three months ended in Jan. 2024 was $1,469 Mil. Therefore, Autodesk's Operating Margin % for the quarter that ended in Jan. 2024 was 21.44%.

Good Sign:

Autodesk Inc operating margin is expanding. Margin expansion is usually a good sign.

Autodesk's 5-Year average Growth Rate for Operating Margin % was 71.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Autodesk's annualized ROC % for the quarter that ended in Jan. 2024 was 10.42%. Autodesk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 354.93%.


Autodesk Operating Income Historical Data

The historical data trend for Autodesk's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Autodesk Operating Income Chart

Autodesk Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 343.50 629.00 618.00 989.00 1,128.00

Autodesk Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 277.00 217.00 262.00 334.00 315.00

Autodesk Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,128 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Autodesk  (NAS:ADSK) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Autodesk's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=1260 * ( 1 - 16.32% )/( (9856 + 10376)/ 2 )
=1054.368/10116
=10.42 %

where

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Autodesk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1260/( ( (365 + max(-2856, 0)) + (345 + max(-2951, 0)) )/ 2 )
=1260/( ( 365 + 345 )/ 2 )
=1260/355
=354.93 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(579 + 0 + 406) - (343 + 3120 + 378)
=-2856

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(876 + 0 + 457) - (308 + 3500 + 476)
=-2951

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Autodesk's Operating Margin % for the quarter that ended in Jan. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2024 )/Revenue (Q: Jan. 2024 )
=315/1469
=21.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Autodesk Operating Income Related Terms

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Autodesk (Autodesk) Business Description

Address
One Market Street, Suite 400, San Francisco, CA, USA, 94105
Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.
Executives
Mary T Mcdowell director
Stacy J Smith director 2200 MISSION COLLEGE BLVD., RNB-4-151, SANTA CLARA CA 95054
Rebecca Pearce officer: EVP, Chief People Officer 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Betsy Rafael director 550 MERIDIAN AVENUE, SAN JOSE CA 95126
Stephen W. Hope officer: VP & Chief Accounting Officer 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Lorrie M Norrington director C/O EBAY INC., 2145 HAMILTON AVENUE, SAN JOSE CA 95125
Andrew Anagnost director, officer: President and CEO 111 MCINNIS PARKWAY, AUTODESK, INC., SAN RAFAEL CA 94903
Deborah Clifford officer: EVP & Chief Financial Officer 4300 NORTH FIRST STREET, SAN JOSE CA 95134
Ayanna Howard director 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Rami Rahim director 1194 N. MATHILDA AVE., SUNNYVALE CA 94089
Ruth Ann Keene officer: EVP, Corp Affairs, CLO C/O UNITY SOFTWARE INC., 30 - 3RD STREET, SAN FRANCISCO CA 94103
Di Fronzo Pascal W officer: EVP, Corp Affairs, CLO & Sec AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Steven M Blum officer: Chief Revenue Officer 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
French R Reid Jr director C/O INTERGRAPH CORP, 288 DUNLOP BLVD, HUNTSVILLE AL 35824
Stephen D Milligan director C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119