FTI Consulting Inc (FCN)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 46.03 | — | — | — | — | — | — | — | 31.92 | — | — | — | 28.58 | — | — | — | 32.04 | — | — | — |
| Receivables turnover | 2.22 | 1.92 | 1.95 | 2.35 | 2.38 | 2.21 | 2.26 | 2.44 | 2.59 | 2.40 | 2.26 | 2.25 | 2.39 | 1.90 | 2.04 | 2.00 | 1.98 | 1.84 | 1.81 | 1.94 |
| Payables turnover | 108.39 | — | — | — | 101.95 | — | — | — | 118.34 | — | — | — | 127.45 | — | — | — | 83.66 | — | — | — |
| Working capital turnover | 5.27 | 3.89 | 3.85 | 3.82 | 4.09 | 3.94 | 3.97 | 3.96 | 4.26 | 4.36 | 4.05 | 3.87 | 5.36 | 4.29 | 3.95 | 3.91 | 4.16 | 4.11 | 3.92 | 3.93 |
Inventory turnover is not provided in the data table, indicating that information on how efficiently FTI Consulting Inc. manages its inventory turnover is not available.
The receivables turnover ratio for FTI Consulting Inc. has shown consistency in the last eight quarters, ranging from 2.69 to 3.24. This suggests that the company is collecting its accounts receivable in a timely manner, with an average of approximately 3 times per year.
The payables turnover ratio is only available for Q4 2023 and Q4 2022, showing 108.39 and 101.95, respectively. These high ratios indicate that FTI Consulting Inc. pays its suppliers very quickly.
The working capital turnover has seen fluctuations over the past eight quarters, with values ranging from 3.82 to 5.27. This ratio reflects how effectively the company generates revenue and manages its working capital to support its operations. The higher values suggest that FTI Consulting Inc. is efficient in generating sales relative to its working capital.
Overall, the analysis of these activity ratios indicates that FTI Consulting Inc. is efficient in managing its accounts receivable and working capital, while also paying its suppliers promptly.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 7.93 | — | — | — | — | — | — | — | 11.43 | — | — | — | 12.77 | — | — | — | 11.39 | — | — | — |
| Days of sales outstanding (DSO) | days | 164.20 | 189.74 | 187.25 | 155.24 | 153.11 | 165.09 | 161.31 | 149.34 | 140.75 | 152.35 | 161.19 | 162.18 | 152.52 | 191.63 | 179.25 | 182.92 | 184.62 | 198.59 | 201.73 | 188.54 |
| Number of days of payables | days | 3.37 | — | — | — | 3.58 | — | — | — | 3.08 | — | — | — | 2.86 | — | — | — | 4.36 | — | — | — |
Days of Inventory on Hand (DOH) is not provided in the table, making it impossible to calculate this activity ratio.
Days of Sales Outstanding (DSO) for FTI Consulting Inc. has shown some fluctuations over the past eight quarters, with the highest value of 135.45 days recorded in Q3 2023 and the lowest value of 110.69 days in Q1 2022. Generally, DSO indicates the average number of days it takes for a company to collect payment after a sale is made, with a lower value suggesting a more efficient collection process.
The Number of Days of Payables is only available for Q4 2023 and Q4 2022, with values of 3.37 days and 3.58 days, respectively. This metric measures how long it takes a company to pay its suppliers and indicates the company's efficiency in managing its outstanding payments. A lower number of days of payables suggests that the company is paying its bills more quickly.
In conclusion, although the data provided for Days of Inventory on Hand is missing, the analysis of Days of Sales Outstanding and Number of Days of Payables for FTI Consulting Inc. suggests some fluctuations in collection efficiency and payment management over the past eight quarters.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.05 | 1.01 | 0.99 | 1.00 | 0.93 | 0.95 | 0.95 | 0.95 | 0.90 | 0.90 | 0.90 | 0.91 | 0.89 | 0.87 | 0.89 | 0.91 | 0.85 | 0.84 | 0.85 | 0.84 |
The fixed asset turnover ratio for FTI Consulting Inc. has been consistently high over the past eight quarters, ranging from 19.09 to 21.85. This indicates that the company generates a significant amount of revenue relative to its investment in fixed assets. The increasing trend in fixed asset turnover suggests that FTI Consulting is effectively utilizing its fixed assets to generate sales.
On the other hand, the total asset turnover ratio for FTI Consulting has also shown a positive trend, with values ranging from 0.93 to 1.05. This indicates that the company is generating revenue efficiently in relation to its total assets. The upward trend in total asset turnover implies that FTI Consulting is effectively utilizing its total assets to generate sales and is improving its overall efficiency in asset utilization.
In conclusion, both the fixed asset turnover and total asset turnover ratios reflect positively on FTI Consulting's ability to efficiently generate revenue using its assets. The increasing trends in these ratios suggest that the company is effectively managing and optimizing its asset base to drive sales growth.