Frontdoor Inc (FTDR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,843,000 | 1,780,000 | 1,662,000 | 1,602,000 | 1,474,000 |
| Total assets | US$ in thousands | 2,107,000 | 1,089,000 | 1,082,000 | 1,069,000 | 1,405,000 |
| Total asset turnover | 0.87 | 1.63 | 1.54 | 1.50 | 1.05 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,843,000K ÷ $2,107,000K
= 0.87
Frontdoor Inc's total asset turnover has shown varying trends over the past five years. The ratio increased from 1.05 in December 31, 2020, to 1.50 by December 31, 2021, indicating that the company generated $1.50 in revenue for every dollar of assets during that period. The upward trend continued in 2022 and 2023, reaching 1.54 and 1.63, respectively. This suggests that Frontdoor Inc's efficiency in generating sales from its assets improved during those years.
However, there was a notable decline in total asset turnover in 2024, dropping to 0.87. This decrease indicates that the company generated only $0.87 in revenue for every dollar of assets during that year, which may raise concerns about the company's asset utilization efficiency.
Overall, Frontdoor Inc's total asset turnover has shown fluctuations, with both improvements and setbacks in asset utilization efficiency over the five-year period. Further analysis of the company's operations and financial performance may be necessary to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2024