FTI Consulting Inc (FCN)
Working capital 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 current assets | US$ in thousands | 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 | 1,178,660 | 1,096,150 | 1,019,260 | 921,214 |
| Total current liabilities | US$ in thousands | 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 | 612,537 | 546,784 | 463,878 | 391,465 |
| 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 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,489,242K ÷ ($1,555,450K – $892,769K)
= 5.27
The working capital turnover ratio for FTI Consulting Inc. has shown some fluctuations over the past eight quarters, ranging from a low of 3.82 in Q1 2023 to a high of 5.27 in Q4 2023. This ratio measures how efficiently the company is utilizing its working capital to generate sales revenue.
The upward trend in the working capital turnover ratio from Q1 2023 to Q4 2023 indicates an improvement in the company's efficiency in converting working capital into sales. A higher ratio suggests that the company is managing its working capital more effectively.
However, it is important to note that while the ratio has improved in the recent quarters, it still fluctuates within a relatively narrow range, indicating some variability in the company's working capital management efficiency. Overall, FTI Consulting Inc. may benefit from further analysis and potentially implementing strategies to maintain or further improve its working capital turnover ratio for sustained efficiency in its operations.
Peer comparison
Dec 31, 2023