Fair Isaac Corporation (FICO)

Total 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
Total assets	US$ in thousands	1,717,880	1,708,830	1,703,120	1,593,520	1,575,280	1,584,570	1,502,430	1,458,690	1,442,030	1,456,840	1,486,480	1,463,310	1,567,780	1,589,160	1,579,610	1,576,860	1,606,240	1,564,120	1,552,130	1,545,040
Total asset turnover		1.00	0.91	0.88	0.91	0.90	0.87	0.89	0.91	0.91	0.90	0.94	0.94	0.88	0.90	0.84	0.83	0.81	0.78	0.79	0.77

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,717,589K ÷ $1,717,880K
= 1.00

Fair Isaac Corporation's total asset turnover has been relatively stable over the past several quarters, ranging from 0.77 to 1.00. The ratio measures how efficiently the company generates sales revenue from its assets. A total asset turnover of 1.00 indicates that Fair Isaac Corporation is generating an equal amount of sales for every dollar of assets it owns.

The trend indicates that the company has been consistently utilizing its assets to generate revenue, with minor fluctuations observed over time. However, it is important to note that the ratio slightly decreased in the most recent quarter compared to the previous quarter, suggesting a slight dip in asset efficiency during that period.

Overall, Fair Isaac Corporation's total asset turnover reflects a stable and efficient utilization of assets to generate revenue, albeit with some minor fluctuations in recent quarters.