Frontdoor Inc (FTDR)
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 | 1,842,000 | 1,826,000 | 1,810,000 | 1,791,000 | 1,780,000 | 1,754,000 | 1,714,000 | 1,678,000 | 1,662,000 | 1,662,000 | 1,649,000 | 1,624,000 | 1,602,000 | 1,585,000 | 1,554,000 | 1,509,000 | 1,474,000 | 1,451,000 | 1,418,000 | 1,389,000 |
| Total assets | US$ in thousands | 2,107,000 | 1,217,000 | 1,200,000 | 1,146,000 | 1,089,000 | 1,168,000 | 1,136,000 | 1,128,000 | 1,082,000 | 1,095,000 | 1,076,000 | 1,058,000 | 1,069,000 | 1,161,000 | 1,135,000 | 1,355,000 | 1,405,000 | 1,407,000 | 1,361,000 | 1,291,000 |
| Total asset turnover | 0.87 | 1.50 | 1.51 | 1.56 | 1.63 | 1.50 | 1.51 | 1.49 | 1.54 | 1.52 | 1.53 | 1.53 | 1.50 | 1.37 | 1.37 | 1.11 | 1.05 | 1.03 | 1.04 | 1.08 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,842,000K ÷ $2,107,000K
= 0.87
The total asset turnover ratio of Frontdoor Inc has fluctuated over the past few years. It stood at 1.08 on March 31, 2020, and gradually decreased to 1.03 by September 30, 2020. However, there was a slight uptick to 1.05 by December 31, 2020. From March 31, 2021, the ratio started to show a significant improvement, reaching 1.63 by December 31, 2023.
The company's total asset turnover ratio peaked at 1.63 on December 31, 2023, indicating that the company efficiently utilized its assets to generate revenue during that period. However, the ratio then experienced a decline to 0.87 by December 31, 2024, which may suggest a potential decrease in the company's ability to generate sales relative to its total assets.
It is important for Frontdoor Inc to closely monitor and analyze the factors impacting its total asset turnover ratio to ensure optimal utilization of assets and sustainable revenue generation in the future.
Peer comparison
Dec 31, 2024