Fair Isaac Corporation (FICO)

Total asset turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	US$ in thousands	1,417,230	1,310,010	1,376,250	1,294,560	1,160,080
Total assets	US$ in thousands	1,575,280	1,442,030	1,567,780	1,606,240	1,433,450
Total asset turnover		0.90	0.91	0.88	0.81	0.81

September 30, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,417,230K ÷ $1,575,280K
= 0.90

The total asset turnover ratio measures the efficiency with which a company is utilizing its assets to generate sales. A higher total asset turnover ratio indicates that the company is generating more sales for every dollar of assets it owns.

Looking at the data for Fair, Isaac Corp., we can observe a consistent trend in the total asset turnover ratio over the past five years. The total asset turnover ratio has been relatively stable, ranging between 0.81 to 0.96.

In 2023, the total asset turnover ratio remained consistent with the previous year at 0.96. This indicates that the company generated $0.96 in sales for every $1 of assets it held. The stability in the total asset turnover ratio suggests that Fair, Isaac Corp. has been effectively utilizing its assets to generate sales.

Furthermore, the consistent ratio over the years could suggest that the company has been maintaining efficient operations and effectively managing its assets to drive revenue. However, it is important to note that the total asset turnover ratio should be analyzed in conjunction with other performance indicators to gain a comprehensive understanding of the company's financial health and operational efficiency.