Fair Isaac Corporation (FICO)

Fixed asset turnover

		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	Dec 31, 2019
Revenue (ttm)	US$ in thousands	1,717,589	1,549,460	1,502,622	1,451,275	1,415,832	1,382,391	1,338,493	1,322,108	1,310,169	1,304,205	1,394,931	1,376,365	1,376,295	1,426,790	1,319,550	1,306,103	1,294,562	1,225,550	1,226,068	1,196,331
Property, plant and equipment	US$ in thousands	38,465	34,128	27,224	10,406	10,966	11,799	13,664	14,976	17,580	20,449	22,897	24,597	27,913	31,565	34,897	39,011	46,419	50,526	146,633	144,631
Fixed asset turnover		44.65	45.40	55.19	139.47	129.11	117.16	97.96	88.28	74.53	63.78	60.92	55.96	49.31	45.20	37.81	33.48	27.89	24.26	8.36	8.27

September 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,717,589K ÷ $38,465K
= 44.65

The fixed asset turnover ratio of Fair Isaac Corporation has fluctuated over the past few quarters. The ratio measures the efficiency with which the company is generating revenue from its investment in fixed assets. A higher fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate sales.

In the most recent quarter of September 30, 2024, the fixed asset turnover ratio was 44.65, which was slightly lower than the previous quarter but still relatively high compared to historical data. This suggests that Fair Isaac Corporation continues to efficiently generate revenue from its fixed assets.

Looking back over the past few years, we observe a general increasing trend in the fixed asset turnover ratio, indicating improvements in efficiency in utilizing fixed assets to generate sales. However, there have been fluctuations in the ratio, reflecting potential changes in the company's capital expenditures or revenue generation strategies.

Overall, the current fixed asset turnover ratio of Fair Isaac Corporation suggests that the company is effectively leveraging its fixed assets to drive revenue growth. It is essential for investors and analysts to monitor this ratio alongside other financial metrics to gain a comprehensive understanding of the company's operational efficiency and financial performance.