GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ICF International Inc (NAS:ICFI) » Definitions » Asset Turnover

ICF International (ICF International) Asset Turnover : 0.25 (As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is ICF International Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. ICF International's Revenue for the three months ended in Mar. 2024 was $494 Mil. ICF International's Total Assets for the quarter that ended in Mar. 2024 was $2,015 Mil. Therefore, ICF International's Asset Turnover for the quarter that ended in Mar. 2024 was 0.25.

Asset Turnover is linked to ROE % through Du Pont Formula. ICF International's annualized ROE % for the quarter that ended in Mar. 2024 was 11.92%. It is also linked to ROA % through Du Pont Formula. ICF International's annualized ROA % for the quarter that ended in Mar. 2024 was 5.42%.


ICF International Asset Turnover Historical Data

The historical data trend for ICF International's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ICF International Asset Turnover Chart

ICF International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 0.98 0.88 0.90 0.96

ICF International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.24 0.24 0.24 0.25

Competitive Comparison of ICF International's Asset Turnover

For the Consulting Services subindustry, ICF International's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ICF International's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ICF International's Asset Turnover distribution charts can be found below:

* The bar in red indicates where ICF International's Asset Turnover falls into.



ICF International Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

ICF International's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=1963.238/( (2092.258+2011.772)/ 2 )
=1963.238/2052.015
=0.96

ICF International's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=494.436/( (2011.772+2017.694)/ 2 )
=494.436/2014.733
=0.25

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


ICF International  (NAS:ICFI) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

ICF International's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=109.268/916.867
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(109.268 / 1977.744)*(1977.744 / 2014.733)*(2014.733/ 916.867)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.52 %*0.9816*2.1974
=ROA %*Equity Multiplier
=5.42 %*2.1974
=11.92 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

ICF International's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=109.268/2014.733
=(Net Income / Revenue)*(Revenue / Total Assets)
=(109.268 / 1977.744)*(1977.744 / 2014.733)
=Net Margin %*Asset Turnover
=5.52 %*0.9816
=5.42 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


ICF International Asset Turnover Related Terms

Thank you for viewing the detailed overview of ICF International's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


ICF International (ICF International) Business Description

Traded in Other Exchanges
Address
1902 Reston Metro Plaza, Reston, VA, USA, 20190
ICF International Inc provides professional services and technology-based solutions to government and commercial clients, including management, marketing, technology, and policy consulting and implementation services. Its services primarily support clients that operate in four key markets that include Energy, Environment, and Infrastructure, Health, Education, and Social Programs, Safety and Security and Consumer and Financial. The Company's major clients are United States federal government departments and agencies.
Executives
John Wasson officer: EVP & COO ICF INTERNATIONAL, INC., 1902 RESTON METRO PLAZA, RESTON VA 20190
Srikant Datar director ICF INTERNATIONAL, INC., 9300 LEE HIGHWAY, FAIRFAX VA 22031
Lee Rodney Mark Jr. officer: Executive Vice President 1902 RESTON METRO PLAZA, RESTON VA 20190
Van Handel Michael J director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Morgan James C M officer: Chief Financial Officer 1902 RESTON METRO PLAZA, RESTON VA 20190
Ranjit S Chadha officer: VP & Principal Accounting Off. C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Anne F Choate officer: Executive Vice President 1902 RESTON METRO PLAZA, RESTON VA 20190
Barry M Broadus officer: Chief Financial Officer 1902 RESTON METRO PLAZA, RESTON VA 20190
Michelle A Williams director 1902 RESTON METRO PLAZA, RESTON VA 20190
Scott B Salmirs director 551 FIFTH AVE, SUITE 300, NEW YORK NY 10176
Sergio J Ostria officer: Executive Vice President 9300 LEE HIGHWAY, FAIRFAX VA 22031
Sudhakar Kesavan director, officer: Chairman, President and CEO ICF INTERNATIONAL, INC., 9300 LEE HIGHWAY, FAIRFAX VA 22031
Donald J Terreri officer: VP & Principal Acct. Officer 9300 LEE HIGHWAY, FAIRFAX VA 22031
Marilyn C Crouther director 1902 RESTON METRO PLAZA, RESTON VA 20190
Peter M Schulte director, 10 percent owner 900 THIRD AVENUE 33RD FLOOR, NEW YORK NY 10022-4775