FTI Consulting Inc (FCN)
Total 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 |
| Total assets | US$ in thousands | 3,325,880 | 3,241,410 | 3,100,910 | 2,777,360 | 2,783,140 |
| Total asset turnover | 1.05 | 0.93 | 0.90 | 0.89 | 0.85 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,489,240K ÷ $3,325,880K
= 1.05
FTI Consulting Inc.'s total asset turnover has shown a generally positive trend over the past five years. The ratio increased steadily from 0.85 in 2019 to reach 1.05 in 2023, reflecting the company's ability to generate more revenue from its assets. This indicates that FTI Consulting is becoming more efficient in utilizing its assets to generate sales. Higher total asset turnover ratios suggest that the company is effectively managing its assets to generate revenue. Overall, the increasing trend in total asset turnover indicates improving operational efficiency and effectiveness in utilizing assets to generate sales for FTI Consulting Inc.
Peer comparison
Dec 31, 2023