FTI Consulting Inc (FCN)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,489,240 | 3,028,910 | 2,776,220 | 2,461,280 | 2,352,720 |
| Property, plant and equipment | US$ in thousands | 159,662 | 153,466 | 142,163 | 101,642 | 93,672 |
| Fixed asset turnover | 21.85 | 19.74 | 19.53 | 24.22 | 25.12 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,489,240K ÷ $159,662K
= 21.85
FTI Consulting Inc.'s fixed asset turnover ratio has fluctuated over the past five years. The ratio signifies how efficiently the firm is generating revenue from its investment in fixed assets. A higher ratio indicates better utilization of fixed assets to generate sales.
In 2023, the fixed asset turnover ratio was 21.85, which was an increase from the previous year's ratio of 19.74. This suggests that FTI Consulting was able to generate more revenue relative to its investment in fixed assets during the year.
Comparing 2023 to 2021 and 2020, the ratio has shown an improvement. However, the ratio was higher in 2020 and 2019 at 24.22 and 25.12, respectively, which indicates that the company was more effective in utilizing its fixed assets to generate sales in those years.
Overall, despite the fluctuations, the trend in FTI Consulting Inc.'s fixed asset turnover ratio demonstrates varying efficiency levels in utilizing fixed assets to generate revenue over the five-year period.
Peer comparison
Dec 31, 2023