Stock Analysis on Net
Stock Analysis on Net

Fidelity National Information Services Inc. (NYSE:FIS)

This company has been moved to the archive! The financial data has not been updated since May 2, 2023.

Total Asset Turnover 
since 2005

Microsoft Excel

Calculation

Fidelity National Information Services Inc., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Revenue1 ÷ Total assets1
Dec 31, 2022 0.23 = 14,528 ÷ 63,278
Dec 31, 2021 0.17 = 13,877 ÷ 82,931
Dec 31, 2020 0.15 = 12,552 ÷ 83,842
Dec 31, 2019 0.12 = 10,333 ÷ 83,806
Dec 31, 2018 0.35 = 8,423 ÷ 23,770
Dec 31, 2017 0.37 = 9,123 ÷ 24,517
Dec 31, 2016 0.35 = 9,241 ÷ 26,031
Dec 31, 2015 0.25 = 6,595 ÷ 26,269
Dec 31, 2014 0.44 = 6,414 ÷ 14,521
Dec 31, 2013 0.43 = 6,071 ÷ 13,960
Dec 31, 2012 0.43 = 5,808 ÷ 13,550
Dec 31, 2011 0.41 = 5,746 ÷ 13,848
Dec 31, 2010 0.37 = 5,270 ÷ 14,162
Dec 31, 2009 0.27 = 3,770 ÷ 13,998
Dec 31, 2008 0.46 = 3,446 ÷ 7,514
Dec 31, 2007 0.49 = 4,758 ÷ 9,795
Dec 31, 2006 0.54 = 4,133 ÷ 7,631
Dec 31, 2005 0.66 = 2,766 ÷ 4,189

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Revenue Trends
The revenue experienced a significant growth from 2005 through 2007, increasing from 2,766 million USD to 4,758 million USD. This was followed by a sharp decline in 2008 to 3,446 million USD, indicating a notable contraction during that year. From 2009 onward, revenue showed a persistent upward trajectory, reaching a peak of 14,528 million USD by the end of 2022. The overall trend suggests strong revenue expansion post-2008, with occasional fluctuations but a clear growth pattern over the 18-year period.
Total Assets Analysis
Total assets exhibited overall growth from 4,189 million USD in 2005 to a substantial increase peaking at 83,842 million USD in 2021. Notable volatility can be observed, especially between 2014 and 2015, where assets nearly doubled from 14,521 million USD to 26,269 million USD, suggesting either significant acquisitions or asset revaluations. The period from 2021 to 2022 shows a marked decline to 63,278 million USD, indicating a contraction likely due to divestitures or other balance sheet adjustments. Despite this reduction, total assets remain considerably higher than the initial years.
Total Asset Turnover Ratio
The asset turnover ratio declined materially from 0.66 in 2005 to a low of 0.12 in 2019, indicating a decreasing efficiency in generating revenue per unit of assets over time. This coincides with the rapid growth in total assets outpacing revenue growth, especially after 2014. Since 2019, the ratio has seen a gradual recovery, rising to 0.23 by 2022, yet still remaining below early-period levels. The trend implies that while the company expanded its asset base significantly, the corresponding revenue growth has not always kept pace, affecting turnover performance.
Summary of Observations
The financial data reveals a company that has expanded both its revenue and asset base significantly over the analyzed period. While revenue has generally trended upward with some interruptions, total assets have grown more sharply and with greater volatility. This dynamic has led to a declining asset turnover ratio, reflecting a reduced relative efficiency in asset utilization. The recent partial rebound in turnover ratio may indicate improved asset management or revenue generation relative to asset size. Continuous monitoring of the relationship between assets and revenue will be important for assessing operational effectiveness going forward.

Comparison to Competitors

Fidelity National Information Services Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
Fidelity National Information Services Inc. Accenture PLC Adobe Inc. Cadence Design Systems Inc. CrowdStrike Holdings Inc. Fair Isaac Corp. International Business Machines Corp. Intuit Inc. Microsoft Corp. Oracle Corp. Palantir Technologies Inc. Palo Alto Networks Inc. Salesforce Inc. ServiceNow Inc. Synopsys Inc. Workday Inc.
Dec 31, 2022 0.23 1.30 0.65 0.69 0.40 0.96 0.48 0.46 0.54 0.39 0.55 0.45 0.28 0.54 0.54 0.49
Dec 31, 2021 0.17 1.17 0.58 0.68 0.32 0.84 0.43 0.62 0.50 0.31 0.47 0.42 0.32 0.55 0.48 0.50
Dec 31, 2020 0.15 1.20 0.53 0.68 0.34 0.81 0.47 0.70 0.47 0.34 0.41 0.38 0.31 0.52 0.46 0.53
Dec 31, 2019 0.12 1.45 0.54 0.70 — 0.81 0.51 1.08 0.44 0.36 — 0.44 0.43 0.57 0.52 0.51
Dec 31, 2018 0.35 1.70 0.48 0.87 — 0.82 0.65 1.15 0.43 0.29 — 0.39 0.50 0.67 0.51 0.43
Dec 31, 2017 0.37 1.62 0.50 0.80 — 0.74 0.63 1.27 0.37 0.28 — 0.51 0.48 0.57 0.50 0.50
Dec 31, 2016 0.35 1.69 0.46 0.87 — 0.72 0.68 1.10 0.44 0.33 — 0.50 0.52 0.68 0.46 0.43
Dec 31, 2015 0.25 1.80 0.41 0.72 — 0.68 0.74 0.84 0.53 0.34 — 0.47 0.50 0.56 0.44 0.33
Dec 31, 2014 0.44 1.78 0.38 0.49 — 0.66 0.79 0.87 0.50 0.42 — 0.40 0.44 0.48 0.43 0.22
Dec 31, 2013 0.43 1.80 0.39 0.60 — 0.64 0.79 0.76 0.55 0.45 — 0.68 0.55 0.36 0.45 0.29
Dec 31, 2012 0.43 1.79 0.44 0.58 — 0.58 0.88 0.89 0.61 0.47 — 0.63 0.54 0.51 0.42 —
Dec 31, 2011 0.41 1.74 0.47 0.65 — 0.55 0.92 0.75 0.64 0.48 — — 0.54 — 0.46 —
Dec 31, 2010 0.37 1.80 0.47 0.54 — 0.54 0.88 0.66 0.73 0.44 — — 0.53 — 0.42 —
Dec 31, 2009 0.27 1.89 0.40 0.60 — 0.48 0.88 0.66 0.75 0.49 — — 0.73 — 0.46 —
Dec 31, 2008 0.46 2.04 0.61 0.62 — 0.58 0.95 0.66 0.83 0.47 — — 0.69 — 0.49 —
Dec 31, 2007 0.49 2.00 0.55 0.42 — 0.64 0.82 0.63 0.81 0.52 — — 0.75 — 0.46 —
Dec 31, 2006 0.54 1.94 0.43 0.43 — 0.62 0.89 0.85 0.64 0.50 — — 0.71 — 0.51 —
Dec 31, 2005 0.66 1.91 0.81 0.39 — 0.59 0.86 0.75 0.56 0.57 — — 0.63 — 0.46 —

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Software & Services)

Fidelity National Information Services Inc., total asset turnover, long-term trends, comparison to sector (software & services)

Microsoft Excel
Fidelity National Information Services Inc. Software & Services
Dec 31, 2022 0.23 0.53
Dec 31, 2021 0.17 0.49
Dec 31, 2020 0.15 0.48
Dec 31, 2019 0.12 0.50
Dec 31, 2018 0.35 0.51
Dec 31, 2017 0.37 0.48
Dec 31, 2016 0.35 0.54
Dec 31, 2015 0.25 0.59
Dec 31, 2014 0.44 0.61
Dec 31, 2013 0.43 0.66
Dec 31, 2012 0.43 0.72
Dec 31, 2011 0.41 0.75
Dec 31, 2010 0.37 0.76
Dec 31, 2009 0.27 0.79
Dec 31, 2008 0.46 0.86
Dec 31, 2007 0.49 0.81
Dec 31, 2006 0.54 0.78
Dec 31, 2005 0.66 0.76

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Information Technology)

Fidelity National Information Services Inc., total asset turnover, long-term trends, comparison to industry (information technology)

Microsoft Excel
Fidelity National Information Services Inc. Information Technology
Dec 31, 2022 0.23 0.65
Dec 31, 2021 0.17 0.62
Dec 31, 2020 0.15 0.58
Dec 31, 2019 0.12 0.59
Dec 31, 2018 0.35 0.59
Dec 31, 2017 0.37 0.51
Dec 31, 2016 0.35 0.55
Dec 31, 2015 0.25 0.63
Dec 31, 2014 0.44 0.64
Dec 31, 2013 0.43 0.66
Dec 31, 2012 0.43 0.70
Dec 31, 2011 0.41 0.73
Dec 31, 2010 0.37 0.72
Dec 31, 2009 0.27 0.69
Dec 31, 2008 0.46 0.79
Dec 31, 2007 0.49 0.76
Dec 31, 2006 0.54 0.75
Dec 31, 2005 0.66 0.77

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).