Total Asset Turnover
since 2005
Calculation
Fidelity National Information Services Inc., total asset turnover, long-term trends, calculation
| 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
The total asset turnover ratio exhibits a long-term downward trajectory from 2005 to 2022, signaling a decrease in the efficiency with which assets are utilized to generate revenue.
- Initial Decline (2005–2009)
- A consistent reduction in asset turnover is observed, falling from 0.66 in 2005 to 0.27 in 2009. This period was characterized by asset growth that significantly outpaced revenue increases, particularly in 2009 when total assets expanded to 13.9 billion while revenue grew only marginally.
- Period of Relative Stability (2010–2018)
- The ratio experienced a partial recovery and period of stabilization, generally fluctuating between 0.25 and 0.44. A temporary decline occurred in 2015 as total assets increased from approximately 14.5 billion to 26.3 billion, though the turnover ratio recovered to 0.37 by 2017 as revenue growth continued.
- Significant Asset Expansion (2019–2022)
- A sharp contraction in turnover efficiency is evident starting in 2019, where the ratio dropped to its lowest recorded level of 0.12. This coincides with a substantial surge in total assets, which rose from 23.8 billion in 2018 to 83.8 billion in 2019. While revenue continued to grow, reaching 14.5 billion by 2022, the massive expansion of the asset base resulted in structurally lower turnover ratios, although a gradual recovery toward 0.23 began after 2019.
Overall, while revenue grew steadily from 2.8 billion in 2005 to 14.5 billion in 2022, the scale of asset accumulation—most notably the jump observed in 2019—has led to a diminished capacity to generate proportional revenue per unit of asset.
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Comparison to Competitors
Fidelity National Information Services Inc., total asset turnover, long-term trends, comparison to competitors
| Fidelity National Information Services Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | 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 | 0.48 | 0.69 | 0.56 | 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 | 0.45 | 0.68 | 0.43 | 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 | 0.32 | 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 | 0.35 | 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 | — | 0.65 | 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 | — | 0.63 | 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 | — | 0.68 | 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 | — | 0.74 | 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 | — | 0.79 | 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 | — | 0.79 | 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 | — | 0.88 | 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 | — | 0.92 | 0.75 | 0.64 | 0.48 | — | — | 0.54 | — | 0.46 | — |
| Dec 31, 2010 | 0.37 | 1.80 | 0.47 | — | 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 | — | 0.88 | 0.66 | 0.75 | 0.49 | — | — | 0.73 | — | 0.46 | — |
| Dec 31, 2008 | 0.46 | 2.04 | 0.61 | — | 0.62 | — | 0.95 | 0.66 | 0.83 | 0.47 | — | — | 0.69 | — | 0.49 | — |
| Dec 31, 2007 | 0.49 | 2.00 | 0.55 | — | 0.42 | — | 0.82 | 0.63 | 0.81 | 0.52 | — | — | 0.75 | — | 0.46 | — |
| Dec 31, 2006 | 0.54 | 1.94 | 0.43 | — | 0.43 | — | 0.89 | 0.85 | 0.64 | 0.50 | — | — | 0.71 | — | 0.51 | — |
| Dec 31, 2005 | 0.66 | 1.91 | 0.81 | — | 0.39 | — | 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)
| 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 | 0.47 |
| 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 | 0.77 |
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).
Comparison to Industry (Information Technology)
Fidelity National Information Services Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Fidelity National Information Services Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 0.23 | 0.64 |
| 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 | 0.76 |
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).