Fortrea Holdings Inc. (FTRE)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,646,300 | 2,690,400 | 2,756,600 | 2,905,600 |
| Total assets | US$ in thousands | 3,579,200 | 3,663,700 | 3,565,400 | 4,240,200 |
| Total asset turnover | 0.74 | 0.73 | 0.77 | 0.69 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,646,300K ÷ $3,579,200K
= 0.74
Fortrea Holdings Inc.'s total asset turnover ratio has been relatively stable over the four quarters in 2024. The company generated $0.69 in revenue for every $1 of total assets in March, followed by an improvement to $0.77 in June. Subsequently, the ratio slightly decreased to $0.73 in September and then increased again to $0.74 by the end of December. This indicates that the company has effectively utilized its assets to generate sales throughout the year, with a slight fluctuation in efficiency. Overall, the trend suggests that Fortrea Holdings Inc. is efficiently managing its assets to generate revenue.
Peer comparison
Dec 31, 2024