Fair Isaac Corporation (FICO)
Total 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 |
| Total assets | US$ in thousands | 1,717,880 | 1,575,280 | 1,442,030 | 1,567,780 | 1,606,240 |
| Total asset turnover | 1.00 | 0.90 | 0.91 | 0.88 | 0.81 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,717,560K ÷ $1,717,880K
= 1.00
Fair Isaac Corporation's total asset turnover has shown a consistent improvement over the past five years, with the ratio increasing from 0.81 in 2020 to 1.00 in 2024. This indicates that the company is generating more revenue for each dollar of assets it owns.
A total asset turnover of 1.00 in 2024 implies that the company generated revenue equal to its total assets for the year. This can be seen as a positive indicator of efficiency in asset utilization.
Overall, the increasing trend in total asset turnover suggests that Fair Isaac Corporation has been effectively managing its assets to drive revenue growth and enhance operational efficiency over the years.
Peer comparison
Sep 30, 2024