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FTI Consulting Asset Turnover

: 0.24 (As of Sep. 2021)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. FTI Consulting's Revenue for the three months ended in Sep. 2021 was $702 Mil. FTI Consulting's Total Assets for the quarter that ended in Sep. 2021 was $2,973 Mil. Therefore, FTI Consulting's Asset Turnover for the quarter that ended in Sep. 2021 was 0.24.

Asset Turnover is linked to ROE % through Du Pont Formula. FTI Consulting's annualized ROE % for the quarter that ended in Sep. 2021 was 18.32%. It is also linked to ROA % through Du Pont Formula. FTI Consulting's annualized ROA % for the quarter that ended in Sep. 2021 was 9.35%.


FTI Consulting Asset Turnover Historical Data

The historical data trend for FTI Consulting'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.

FTI Consulting Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 0.81 0.88 0.91 0.89

FTI Consulting Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Asset Turnover 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 Premium Member Only Premium Member Only Premium Member Only 0.23 0.23 0.25 0.25 0.24

FTI Consulting Asset Turnover Calculation

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

FTI Consulting's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=2461.275/( (2783.142+2777.363)/ 2 )
=2461.275/2780.2525
=0.89

FTI Consulting's Asset Turnover for the quarter that ended in Sep. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=702.228/( (2938.427+3006.924)/ 2 )
=702.228/2972.6755
=0.24

* 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.


FTI Consulting  (NYSE:FCN) Asset Turnover Explanation

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

FTI Consulting's annulized ROE % for the quarter that ended in Sep. 2021 is

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=277.92/1516.7565
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(277.92 / 2808.912)*(2808.912 / 2972.6755)*(2972.6755/ 1516.7565)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.89 %*0.9449*1.9599
=ROA %*Equity Multiplier
=9.35 %*1.9599
=18.32 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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:

FTI Consulting's annulized ROA % for the quarter that ended in Sep. 2021 is

ROA %(Q: Sep. 2021 )
=Net Income/Total Assets
=277.92/2972.6755
=(Net Income / Revenue)*(Revenue / Total Assets)
=(277.92 / 2808.912)*(2808.912 / 2972.6755)
=Net Margin %*Asset Turnover
=9.89 %*0.9449
=9.35 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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.


FTI Consulting Asset Turnover Related Terms

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FTI Consulting Business Description

FTI Consulting logo
Industry
Industrials » Business Services NAICS : 541611 SIC : 8742
Traded in Other Exchanges
Address
555 12th Street North West, Suite 700, Washington, DC, USA, 20004
FTI Consulting Inc is a firm that generates its sales by providing professional business advisory services to customers. The company operates through five segments, namely corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology, and strategic communications. Customers of the company come from a wide array of sectors, including construction, energy and power, environmental, financial institutions, healthcare and life science, insurance, real estate and infrastructure, retail and consumer products, telecom, media, and technology. The majority of the company's revenue is derived from serving customers in the United States.
Executives
Bacon Brenda J director 909 COMMERCE ROAD ANNAPOLIS MD 21403
Costamagna Claudio director VIA SEBETO 4 MILANO L6 20123
Seeger Laureen director C/O MCKESSON CORPORATION ONE POST STREET - 33RD FLOOR SAN FRANCISCO CA 94104
Bartlett Mark S. director 4701 WEST GREENFIELD AVENUE MILWAUKEE WI 53214
Fanandakis Nicholas C director 1007 MARKET STREET WILMINGTON DE 19898
Ellis Vernon James director 49 QUEENS GATE TERRACE LONDON X0 SW7 5PN
Holthaus Gerard E director 3129 BLENDON ROAD OWINGS MILLS MD 21117
Paul Holly officer: Chief Human Resources Officer 6016 KINGSFORD ROAD BETHESDA MD 20817
Keating Brendan J officer: CAO and Controller C/O FTI CONSULTING INC 555 12TH STREET NW WASHINGTON DC 20004
Sabherwal Ajay officer: Chief Financial Officer C/O FAIRPOINT COMMUNICATIONS, INC. 521 E. MOREHEAD STREET, SUITE 500 CHARLOTTE NC 28202
Linton Paul Alderman officer: Chief Strategy/Transf. Officer 5915 SONOMA ROAD BETHESDA MD 20817
Lu Curtis P officer: General Counsel 1203 STONNELL PLACE ALEXANDRIA VA 22302
Gunby Steven Henry director, officer: President & CEO 9508 HEMSWELL PLACE POTOMAC MD 20854
Pachman Matthew officer: VP, Chief Risk/Ethics Officer 4807 JAMESTOWN ROAD BETHESDA MD 20816
Freeman Catherine M officer: SVP, Controller and CAO 909 COMMERCE ROAD ANNAPOLIS MD 21401

FTI Consulting Headlines

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