Fair Isaac Corporation (FICO)

Total asset turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	1,160,083	1,111,271	1,052,015
Total assets	US$ in thousands	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	1,433,450	1,373,800	1,328,110
Total asset turnover		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	0.81	0.81	0.79

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,451,275K ÷ $1,593,520K
= 0.91

The total asset turnover of Fair, Isaac Corp. has exhibited some fluctuations over the past few quarters. The ratio stood at 0.97 as of December 31, 2023, indicating that the company generated $0.97 in revenue for every dollar of total assets. This suggests an efficient utilization of assets to generate sales. The ratio has generally remained around the 0.96 mark, with minor variations.

The slight downward trend in the total asset turnover from the first quarter to the second quarter of 2023, followed by a small increase in the third quarter, may indicate some changes in the company's operations or sales volume. However, it is important to conduct further analysis to understand the underlying factors contributing to these fluctuations and to determine if there are any significant underlying business trends impacting the efficiency of asset utilization.