Fortune Brands Innovations Inc. (FBIN)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,609,100 | 4,666,200 | 4,772,100 | 4,695,800 | 4,626,200 | 4,596,800 | 4,531,100 | 4,622,800 | 4,723,000 | 4,809,100 | 4,883,500 | 4,858,200 | 4,801,100 | 5,242,800 | 5,625,000 | 5,770,700 | 6,090,300 | 5,901,100 | 5,708,000 | 5,839,400 |
| Total assets | US$ in thousands | 6,561,800 | 6,598,400 | 6,673,900 | 6,791,500 | 6,565,000 | 6,618,100 | 6,873,200 | 5,972,700 | 6,120,900 | 8,415,600 | 8,334,100 | 8,243,000 | 7,936,200 | 7,868,800 | 7,696,000 | 7,482,100 | 7,358,700 | 6,519,000 | 6,332,300 | 6,300,100 |
| Total asset turnover | 0.70 | 0.71 | 0.72 | 0.69 | 0.70 | 0.69 | 0.66 | 0.77 | 0.77 | 0.57 | 0.59 | 0.59 | 0.60 | 0.67 | 0.73 | 0.77 | 0.83 | 0.91 | 0.90 | 0.93 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,609,100K ÷ $6,561,800K
= 0.70
Fortune Brands Innovations Inc.'s total asset turnover has exhibited a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio represents the company's efficiency in generating sales revenue from its total assets.
Initially, the total asset turnover ratio was at 0.93 on March 31, 2020, indicating that the company generated $0.93 in sales for every dollar of total assets. Subsequently, the ratio decreased to 0.60 by December 31, 2021, suggesting a potential decrease in sales generated relative to its total assets.
The ratio improved slightly to 0.77 by March 31, 2023, but then decreased again to 0.69 by March 31, 2024, before showing a slight recovery to 0.72 by June 30, 2024. Overall, the variations in the total asset turnover ratio could indicate fluctuations in the company's sales efficiency and asset utilization strategies.
Peer comparison
Dec 31, 2024