FTI Consulting Inc (FCN)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,698,652 | 3,728,412 | 3,695,654 | 3,611,089 | 3,489,242 | 3,338,989 | 3,221,593 | 3,111,994 | 3,028,908 | 2,930,708 | 2,857,071 | 2,813,565 | 2,776,222 | 2,726,572 | 2,646,593 | 2,542,959 | 2,461,275 | 2,436,912 | 2,407,769 | 2,406,036 |
| Total current assets | US$ in thousands | 1,819,510 | 1,715,970 | 1,569,210 | 1,544,700 | 1,555,450 | 1,567,230 | 1,480,280 | 1,352,400 | 1,510,600 | 1,393,420 | 1,291,720 | 1,221,390 | 1,370,030 | 1,268,490 | 1,213,460 | 1,151,150 | 1,129,710 | 1,175,730 | 1,127,340 | 1,066,450 |
| Total current liabilities | US$ in thousands | 931,759 | 823,176 | 713,894 | 627,700 | 892,769 | 708,531 | 644,701 | 538,452 | 769,491 | 648,999 | 570,894 | 509,930 | 718,116 | 645,622 | 562,562 | 495,778 | 670,171 | 608,261 | 517,468 | 451,341 |
| Working capital turnover | 4.17 | 4.18 | 4.32 | 3.94 | 5.27 | 3.89 | 3.86 | 3.82 | 4.09 | 3.94 | 3.96 | 3.95 | 4.26 | 4.38 | 4.07 | 3.88 | 5.36 | 4.29 | 3.95 | 3.91 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,698,652K ÷ ($1,819,510K – $931,759K)
= 4.17
FTI Consulting Inc's working capital turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue.
The ratio started at 3.91 on March 31, 2020, and experienced an increase to 5.36 by December 31, 2020, indicating that the company was able to generate more sales relative to its working capital during that period. However, the ratio declined to 3.88 on March 31, 2021, before bouncing back to 4.38 on September 30, 2021.
From December 31, 2021, to December 31, 2024, the working capital turnover ratio ranged from 3.94 to 5.27, with a general trend of fluctuation but remaining relatively stable around the 4 to 5 range. This suggests that FTI Consulting Inc has been able to efficiently generate sales revenue using its working capital, though with some variability.
Overall, the working capital turnover ratio analysis indicates the company's effectiveness in utilizing its working capital to drive sales over the analyzed period, with fluctuations that may warrant further investigation into underlying operational and financial factors influencing these changes.
Peer comparison
Dec 31, 2024