FTI Consulting Inc (FCN)
Fixed 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 | 3,489,242 | 3,336,371 | 3,220,975 | 3,111,826 | 3,028,984 | 2,935,947 | 2,860,439 | 2,814,939 | 2,776,223 | 2,714,552 | 2,638,598 | 2,539,210 | 2,461,275 | 2,436,912 | 2,407,769 | 2,406,036 | 2,352,717 | 2,255,492 | 2,175,398 | 2,081,377 |
| Property, plant and equipment | US$ in thousands | 159,662 | 164,922 | 164,886 | 163,051 | 153,466 | 144,713 | 144,053 | 141,236 | 142,163 | 132,857 | 117,477 | 100,686 | 101,642 | 95,544 | 91,753 | 92,852 | 93,672 | 92,135 | 87,376 | 84,522 |
| Fixed asset turnover | 21.85 | 20.23 | 19.53 | 19.08 | 19.74 | 20.29 | 19.86 | 19.93 | 19.53 | 20.43 | 22.46 | 25.22 | 24.22 | 25.51 | 26.24 | 25.91 | 25.12 | 24.48 | 24.90 | 24.63 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,489,242K ÷ $159,662K
= 21.85
The fixed asset turnover ratio of FTI Consulting Inc. has been relatively consistent over the past eight quarters, ranging from 19.09 to 21.85. This indicates that the company generates approximately $19.09 to $21.85 in revenue for every dollar invested in fixed assets during these periods.
A higher fixed asset turnover ratio generally suggests that the company is utilizing its fixed assets efficiently to generate revenue. FTI Consulting Inc.'s consistent high fixed asset turnover ratios indicate effective management of its fixed assets to drive revenue generation.
However, it is important to note that fixed asset turnover ratio should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023