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Fair Isaac (STU:FRI) Asset Turnover : 0.26 (As of Sep. 2024)


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What is Fair Isaac Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Fair Isaac's Revenue for the three months ended in Sep. 2024 was €409 Mil. Fair Isaac's Total Assets for the quarter that ended in Sep. 2024 was €1,568 Mil. Therefore, Fair Isaac's Asset Turnover for the quarter that ended in Sep. 2024 was 0.26.

Asset Turnover is linked to ROE % through Du Pont Formula. Fair Isaac's annualized ROE % for the quarter that ended in Sep. 2024 was -59.72%. It is also linked to ROA % through Du Pont Formula. Fair Isaac's annualized ROA % for the quarter that ended in Sep. 2024 was 31.20%.


Fair Isaac Asset Turnover Historical Data

The historical data trend for Fair Isaac'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.

Fair Isaac Asset Turnover Chart

Fair Isaac Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.83 1.00 0.97 1.02

Fair Isaac Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.25 0.24 0.26 0.26 0.26

Competitive Comparison of Fair Isaac's Asset Turnover

For the Software - Application subindustry, Fair Isaac'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.


Fair Isaac's Asset Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Fair Isaac's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Fair Isaac's Asset Turnover falls into.



Fair Isaac Asset Turnover Calculation

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

Fair Isaac's Asset Turnover for the fiscal year that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2024 )/( (Total Assets (A: Sep. 2023 )+Total Assets (A: Sep. 2024 ))/ count )
=1547.491/( (1476.038+1547.813)/ 2 )
=1547.491/1511.9255
=1.02

Fair Isaac's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=408.882/( (1587.504+1547.813)/ 2 )
=408.882/1567.6585
=0.26

* 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.


Fair Isaac  (STU:FRI) Asset Turnover Explanation

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

Fair Isaac's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=489.032/-818.8995
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(489.032 / 1635.528)*(1635.528 / 1567.6585)*(1567.6585/ -818.8995)
=Net Margin %*Asset Turnover*Equity Multiplier
=29.9 %*1.0433*-1.9143
=ROA %*Equity Multiplier
=31.20 %*-1.9143
=-59.72 %

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

Fair Isaac's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=489.032/1567.6585
=(Net Income / Revenue)*(Revenue / Total Assets)
=(489.032 / 1635.528)*(1635.528 / 1567.6585)
=Net Margin %*Asset Turnover
=29.9 %*1.0433
=31.20 %

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


Fair Isaac Asset Turnover Related Terms

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


Fair Isaac Business Description

Traded in Other Exchanges
Address
5 West Mendenhall, Suite 105, Bozeman, MT, USA, 59715
Founded in 1956, Fair Isaac Corporation is a leading applied analytics company. Fair Isaac is primarily known for its FICO credit scores, which is a widely used industry benchmark to determine the creditworthiness of an individual consumer. The firm's credit scores business accounts for most of the firm's profits and consists of business-to-business and business-to-consumer services. In addition to scores, Fair Isaac also sells software primarily to financial institutions for areas such as analytics, decision-making, customer workflows, and fraud.