Fair Isaac Corporation (FICO)

Fixed asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	1,717,560	1,417,230	1,310,010	1,376,250	1,294,560
Property, plant and equipment	US$ in thousands	38,465	10,966	17,580	27,913	46,419
Fixed asset turnover		44.65	129.24	74.52	49.30	27.89

September 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,717,560K ÷ $38,465K
= 44.65

Fair Isaac Corporation's fixed asset turnover ratio has exhibited significant fluctuations over the past five years. The ratio indicates how efficiently the company is generating revenue from its investment in fixed assets.

The fixed asset turnover ratio for Fair Isaac Corporation was exceptionally high in 2023 at 129.24, suggesting that the company generated $129.24 in revenue for every dollar invested in fixed assets during that year. This sharp increase from the previous year could indicate either improved utilization of fixed assets or significantly higher revenue generated.

In 2024, the fixed asset turnover ratio decreased to 44.65, which is still relatively high but significantly lower than the previous year. This could suggest a decline in the efficiency of generating revenue from fixed assets compared to 2023.

Despite the fluctuations, Fair Isaac Corporation has generally shown a strong ability to generate revenue from its fixed assets over the past five years, indicating effective asset utilization. However, the significant variations in the fixed asset turnover ratio imply that the company's efficiency in utilizing fixed assets has not been consistent and may be influenced by changing business conditions or investment strategies. Further analysis would be necessary to understand the underlying reasons for these fluctuations and their implications for the company's financial performance.