FTI Consulting Inc (FCN)

Inventory turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cost of revenue US$ in thousands 2,354,220 2,065,980 1,915,510 1,672,710 1,534,900
Inventory US$ in thousands 51,141 60,003 58,520 47,901
Inventory turnover 46.03 31.92 28.58 32.04

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,354,220K ÷ $51,141K
= 46.03

To calculate FTI Consulting Inc.'s inventory turnover ratio, we need the values of cost of goods sold (COGS) and average inventory for each of the years listed. Without this data provided in the table, it is not possible to compute the inventory turnover ratio for any of the specified years. The inventory turnover ratio is a key metric that helps assess how efficiently a company is managing its inventory levels by measuring how many times during a period the inventory is sold and replaced. A higher turnover ratio generally indicates that a company is selling its inventory quickly, which can be a positive sign of efficient operations. Conversely, a low turnover ratio may suggest overstocking or slow-moving inventory, which could lead to higher storage costs and potential obsolescence. Therefore, it is crucial to monitor and analyze the inventory turnover ratio to understand the dynamics of a company's inventory management practices.


Peer comparison

Dec 31, 2023

Company name
Symbol
Inventory turnover
FTI Consulting Inc
FCN
46.03
Exponent Inc
EXPO
Genpact Limited
G