Federal Signal Corporation (FSS)

Total asset turnover

		Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	1,861,500	1,837,900	1,810,100	1,762,100	1,722,700	1,665,800	1,565,800	1,490,100	1,434,800	1,344,700	1,296,600	1,264,600	1,213,200	1,206,600	1,188,100	1,123,500	1,130,800	1,150,400	1,179,400	1,233,600
Total assets	US$ in thousands	1,765,200	1,733,600	1,691,500	1,651,400	1,620,500	1,654,600	1,660,700	1,584,300	1,524,300	1,465,100	1,443,800	1,425,100	1,366,100	1,313,800	1,289,400	1,266,100	1,208,800	1,224,700	1,211,200	1,227,100
Total asset turnover		1.05	1.06	1.07	1.07	1.06	1.01	0.94	0.94	0.94	0.92	0.90	0.89	0.89	0.92	0.92	0.89	0.94	0.94	0.97	1.01

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,861,500K ÷ $1,765,200K
= 1.05

Federal Signal Corporation's total asset turnover has fluctuated over the past few years, ranging from a low of 0.89 in March 2021, June 2021, December 2021, March 2022, and December 2022 to a high of 1.07 in March 2024 and June 2024. The total asset turnover ratio measures how efficiently the company generates revenue from its assets, indicating the company's ability to utilize its assets to generate sales.

The downward trend from 2021 to 2022 suggests that the company may not be effectively utilizing its assets to generate revenue during that period. However, there is a notable improvement from September 2023 to December 2024, with the total asset turnover ratio increasing steadily.

Overall, the increasing trend observed in the most recent quarters indicates that Federal Signal Corporation is becoming more efficient in generating revenue from its assets, which could be a positive sign for the company's operational efficiency and profitability in the future.