Fortune Brands Innovations Inc. (FBIN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,609,000 | 4,626,200 | 4,723,000 | 4,801,100 | 3,621,300 |
| Total assets | US$ in thousands | 6,561,800 | 6,565,000 | 6,120,900 | 7,936,200 | 7,358,700 |
| Total asset turnover | 0.70 | 0.70 | 0.77 | 0.60 | 0.49 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,609,000K ÷ $6,561,800K
= 0.70
Total asset turnover provides insight into how efficiently a company is utilizing its assets to generate revenue. In the case of Fortune Brands Innovations Inc., the trend in total asset turnover over the past five years has shown improvement.
As of December 31, 2020, the total asset turnover ratio was 0.49, indicating that the company generated $0.49 in revenue for every dollar of assets. This number increased to 0.60 by December 31, 2021, suggesting a more efficient use of assets to generate sales.
By December 31, 2022, the total asset turnover ratio further improved to 0.77, signaling an even better utilization of assets to drive revenue growth. However, there was a slight decline in the ratio to 0.70 as of December 31, 2023, and it remained at the same level by December 31, 2024.
Overall, the increasing trend in total asset turnover from 2020 to 2022 reflects the company's efforts in optimizing asset efficiency. While the stability in the ratio from 2023 to 2024 indicates a consistent performance in asset utilization despite the slight dip.
Peer comparison
Dec 31, 2024