Fluor Corporation (FLR)
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 | 15,474,000 | 15,364,000 | 15,013,000 | 14,373,000 | 13,743,000 | 13,190,000 | 13,081,000 | 13,466,000 | 13,691,000 | 13,802,000 | 13,756,000 | 13,807,000 | 14,158,000 | 15,298,700 | 16,470,300 | 16,881,700 | 17,317,300 | 16,855,070 | 16,067,670 | 15,860,570 |
| Total assets | US$ in thousands | 6,973,000 | 7,163,000 | 6,756,000 | 6,630,000 | 6,827,000 | 6,870,000 | 6,525,000 | 6,492,000 | 7,089,000 | 7,258,080 | 7,856,480 | 7,020,920 | 7,309,810 | 7,271,650 | 7,240,770 | 7,292,470 | 7,966,660 | 7,888,980 | 8,979,050 | 9,022,190 |
| Total asset turnover | 2.22 | 2.14 | 2.22 | 2.17 | 2.01 | 1.92 | 2.00 | 2.07 | 1.93 | 1.90 | 1.75 | 1.97 | 1.94 | 2.10 | 2.27 | 2.31 | 2.17 | 2.14 | 1.79 | 1.76 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,474,000K ÷ $6,973,000K
= 2.22
Fluor Corporation's total asset turnover ratio has shown a relatively consistent performance over the past eight quarters, ranging from 1.92 to 2.22. This ratio indicates how efficiently the company is generating revenue from its total assets. A higher total asset turnover ratio suggests that the company is effectively utilizing its assets to generate sales.
Fluor Corporation's increasing trend in total asset turnover from Q4 2022 to Q3 2023 reflects improved efficiency in utilizing its assets to generate revenue. The ratio peaking at 2.22 in Q4 2023 indicates that, during that period, the company generated $2.22 in sales for every dollar of assets it held.
Overall, the trend in Fluor Corporation's total asset turnover suggests that the company has been effectively managing its assets to generate revenue, which can be a positive indicator of operational efficiency and financial performance.
Peer comparison
Dec 31, 2023