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Fedex Asset Turnover Ratio
Quarterly Results, Trends, Rankings, Statistics
Due to the increase in investments during the second quarter 2024, Fedex's asset turnover ratio sequentially decreased to 1.01 in the second quarter (Nov 30 2023), this is lower than usual.
Within sector 5 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the Second Quarter 2024 compared to the preceding quarter from 729 to 736.
What is Asset Turnover Ratio?
What is Fedex Corporation Market Share?
Select the Comparisons :
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Select the Ratio:
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FDX Asset Turnover Ratio |
(Nov 30 2023) II. Quarter |
(Aug 31 2023) I. Quarter |
(May 31 2023) IV. Quarter |
(Feb 28 2023) III. Quarter |
(Nov 30 2022) II. Quarter |
Y / Y Asset Change |
2.87 % |
2.04 % |
1.34 % |
1.98 % |
1.6 % |
Y / Y Revenue Change |
-2.84 % |
-6.72 % |
-10.1 % |
-6.23 % |
-2.81 % |
Asset Turnover Ratio (TTM) |
1.01 |
1.02 |
1.05 |
1.08 |
1.1 |
FDX's Total
Ranking |
# 736 |
# 729 |
# 315 |
# 1273 |
# 648 |
Seq. Asset Change |
0.54 % |
0.5 % |
1.59 % |
0.21 % |
-0.27 % |
Seq. Revenue Change |
2.23 % |
-1.14 % |
-1.08 % |
-2.83 % |
-1.84 % |
Asset Turnover Ratio Statistics |
High |
Average |
Low |
34.22 |
8.91 |
7.2 |
(Sep. 30, 2015) |
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(May 31 2020) |
Companies with similar Asset Turnover Ratio for the quarter ending Nov 30 2023, within Transportation Sector | Asset Turnover Ratio | Revenues for 12 Months ending Nov 30 2023 | Assets at quarter ending Nov 30 2023 | Arcbest Corporation | 1.81 | $ 4,427.443 Millions | $ 2,442.059 Millions | Polaris Inc | 1.64 | $ 8,822.100 Millions | $ 5,373.425 Millions | Air T Inc | 1.62 | $ 288.530 Millions | $ 177.828 Millions | J b Hunt Transport Services Inc | 1.56 | $ 12,829.665 Millions | $ 8,237.341 Millions | United Parcel Service Inc | 1.28 | $ 90,958.000 Millions | $ 70,918.500 Millions | Covenant Logistics Group Inc | 1.27 | $ 1,103.573 Millions | $ 870.489 Millions | Schneider National Inc | 1.22 | $ 5,498.900 Millions | $ 4,515.350 Millions | Marten Transport Ltd | 1.14 | $ 1,131.455 Millions | $ 992.725 Millions | Pam Transportation Services Inc | 1.10 | $ 810.807 Millions | $ 735.357 Millions | Werner Enterprises Inc | 1.04 | $ 3,283.499 Millions | $ 3,143.477 Millions | Fedex Corporation | 1.01 | $ 87,945.000 Millions | $ 87,136.250 Millions | The Greenbrier Companies Inc | 1.00 | $ 3,984.900 Millions | $ 3,966.825 Millions | Wheels Up Experience Inc | 0.87 | $ 1,253.317 Millions | $ 1,435.097 Millions | Forward Air Corporation | 0.83 | $ 1,370.735 Millions | $ 1,645.313 Millions | American Airlines Group Inc | 0.80 | $ 52,788.000 Millions | $ 65,703.750 Millions | Latam Airlines Group S a | 0.79 | $ 11,640.541 Millions | $ 14,667.315 Millions | Delta Air Lines Inc | 0.79 | $ 58,048.000 Millions | $ 73,380.500 Millions | Heartland Express Inc | 0.77 | $ 1,207.458 Millions | $ 1,573.586 Millions | Brink s Co | 0.76 | $ 4,874.600 Millions | $ 6,382.775 Millions | Frontier Group Holdings Inc | 0.74 | $ 3,589.000 Millions | $ 4,826.500 Millions | Blade Air Mobility Inc | 0.72 | $ 225.180 Millions | $ 313.767 Millions | Southwest Airlines Co | 0.72 | $ 26,091.000 Millions | $ 36,383.000 Millions | Jetblue Airways Corp | 0.71 | $ 9,615.000 Millions | $ 13,493.250 Millions | Pangaea Logistics Solutions Ltd | 0.69 | $ 496.342 Millions | $ 722.144 Millions | Hawaiian Holdings inc | 0.69 | $ 2,716.284 Millions | $ 3,961.023 Millions | Bristow Group Inc | 0.68 | $ 1,297.429 Millions | $ 1,905.360 Millions | Teekay Corporation | 0.67 | $ 1,464.975 Millions | $ 2,196.638 Millions | Sun Country Airlines Holdings Inc | 0.65 | $ 1,049.620 Millions | $ 1,610.261 Millions | Knight swift Transportation Holdings Inc | 0.59 | $ 7,141.766 Millions | $ 12,022.986 Millions | Ardmore Shipping Corp | 0.57 | $ 395.978 Millions | $ 690.951 Millions |
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