FTI Consulting Inc (FCN)
Receivables 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 |
| Receivables | US$ in thousands | 1,569,690 | 1,734,380 | 1,652,400 | 1,323,480 | 1,270,580 | 1,327,900 | 1,264,160 | 1,151,740 | 1,070,560 | 1,133,050 | 1,165,250 | 1,128,250 | 1,028,450 | 1,279,440 | 1,182,430 | 1,205,780 | 1,190,030 | 1,227,170 | 1,202,290 | 1,075,140 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,489,242K ÷ $1,569,690K
= 2.22
FTI Consulting Inc.'s receivables turnover ratio has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 2.69 in Q3 2023 to a high of 3.30 in Q1 2022. Overall, the average receivables turnover ratio for the period under review is 3.04, indicating that, on average, the company collects its outstanding receivables approximately three times a year. This suggests that FTI Consulting Inc. is efficient in collecting payments from its customers. The decreasing trend in the receivables turnover ratio in recent quarters may be a cause for concern, as it could indicate potential issues with the company's credit policies, collection efforts, or the creditworthiness of its customers. Further analysis and monitoring of this ratio are recommended to assess the effectiveness of FTI Consulting Inc.'s accounts receivable management.
Peer comparison
Dec 31, 2023