Fortune Brands Innovations Inc. (FBIN)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,626,200 | 4,723,000 | 4,801,100 | 3,621,300 | 5,764,600 |
| Total assets | US$ in thousands | 6,565,000 | 6,120,900 | 7,936,200 | 7,358,700 | 6,291,300 |
| Total asset turnover | 0.70 | 0.77 | 0.60 | 0.49 | 0.92 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,626,200K ÷ $6,565,000K
= 0.70
Fortune Brands Innovations Inc.'s total asset turnover has fluctuated over the past five years. The ratio has ranged from a low of 0.49 in 2020 to a high of 0.92 in 2019, indicating varying efficiency in generating sales from its total assets. In 2023, the total asset turnover stands at 0.70, reflecting a decrease from the previous year's ratio of 0.77. This decrease may suggest that the company is generating less revenue per dollar of total assets invested in its operations. Further analysis is warranted to understand the underlying reasons for this trend and its implications for the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023