FTI Consulting Inc (FCN)
Total 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 |
| Total assets | US$ in thousands | 3,325,880 | 3,318,830 | 3,246,310 | 3,100,980 | 3,241,410 | 3,082,090 | 3,003,170 | 2,949,290 | 3,100,910 | 3,006,920 | 2,938,430 | 2,778,200 | 2,777,360 | 2,794,400 | 2,704,910 | 2,637,180 | 2,783,140 | 2,690,270 | 2,571,360 | 2,464,900 |
| 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 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,489,242K ÷ $3,325,880K
= 1.05
FTI Consulting Inc.'s total asset turnover has shown consistency in the recent quarters, hovering around the range of 0.93 to 1.05. This ratio indicates the company's efficiency in generating sales revenue relative to its total assets. A total asset turnover of 1.05 in Q4 2023 signifies that the company generated $1.05 in sales for every $1 of assets during that period. This suggests that FTI Consulting Inc. effectively utilizes its assets to drive revenue. Overall, the stability of the total asset turnover over the past eight quarters indicates a consistent level of operational efficiency in utilizing its asset base to support revenue generation.
Peer comparison
Dec 31, 2023