Fortune Brands Innovations Inc. (FBIN)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 5,764,600 | 5,714,800 | 5,636,600 | 5,558,400 |
| Total assets | US$ in thousands | 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 | 6,291,300 | 6,285,600 | 6,343,400 | 6,289,200 |
| Total asset turnover | 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 | 0.92 | 0.91 | 0.89 | 0.88 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,626,200K ÷ $6,565,000K
= 0.70
Total asset turnover indicates the efficiency of Fortune Brands Innovations Inc. in generating revenue from its total assets. The trend of total asset turnover over the given periods shows fluctuation, ranging from 0.57 to 0.93.
The total asset turnover ratio was relatively low in the earlier periods, with a consistent improvement over time. However, a decline is noticeable in the most recent period, dropping from 0.77 to 0.70. This decrease suggests that the company may be experiencing challenges in efficiently utilizing its total assets to generate revenue.
Overall, while there have been fluctuations in the total asset turnover ratio for Fortune Brands Innovations Inc., the trend has shown improvement over time, indicating increased efficiency in generating revenue from its assets, with the recent decrease possibly signaling a need for further analysis and potential operational improvements.
Peer comparison
Dec 31, 2023