Fitbit Inc asset turnover ratio, the ability of Fitbit Inc 's assets to generate revenue in the third quarter 2020, increased sequentially to 1.11 in the third quarter (Oct 03 2020), FIT's balance sheet remain strong.

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 Third Quarter 2020 compared to the preceding quarter from 755 to 756.

Asset Turnover Ratio Definition

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FIT Asset Turnover Ratio	(Oct 03 2020) III. Quarter	(Jul 04 2020) II. Quarter	(Apr 04 2020) I. Quarter	(Dec 31 2019) IV. Quarter	(Sep 28 2019) III. Quarter
Y / Y Asset Change	-13.78 %	-18.44 %	-17.56 %	-9.73 %	-2.1 %
Y / Y Revenue Change	4.82 %	-16.67 %	-30.8 %	-12.09 %	-11.78 %
Asset Turnover Ratio (TTM)	1.11	1.05	1.04	1.06	1.08
FIT's Total Ranking	# 756	# 755	# 756	# 756	# 756
Seq. Asset Change	13.85 %	-9.32 %	-15.97 %	-0.62 %	7.7 %
Seq. Revenue Change	39.29 %	38.86 %	-62.53 %	44.63 %	10.73 %

Asset Turnover Ratio Company Ranking
Within:	No.
Computer Hardware Industry	# 6
Technology Sector	# 114
Overall Market	# 756

Asset Turnover Ratio Statistics
High	Average	Low
1.29	0.99	0.37
(Dec 31 2016)		(Apr 02 2016)

FIT Company Profile • Back to FIT Efficiency Comparisons • Compare FIT Asset Turnover Ratio to its Competitors

Companies with similar Asset Turnover Ratio for the quarter ending Oct 03 2020, within Technology Sector	Asset Turnover Ratio	Revenues for 12 Months ending Oct 03 2020	Assets at quarter ending Oct 03 2020
Ecco Auto World Corporation	2.72	$ 0.133 Millions	$ 0.049 Millions
Metalert Inc	2.72	$ 1.152 Millions	$ 0.424 Millions
Fiee Inc	2.66	$ 44.827 Millions	$ 16.881 Millions
Freeze Tag Inc	2.63	$ 1.834 Millions	$ 0.697 Millions
Zw Data Action Technologies Inc	2.57	$ 45.656 Millions	$ 17.782 Millions
Franklin Wireless Corp	2.46	$ 128.771 Millions	$ 52.419 Millions
Widepoint Corporation	2.34	$ 180.049 Millions	$ 76.885 Millions
Mphase Technologies Inc.	2.33	$ 30.294 Millions	$ 13.017 Millions
Turtle Beach Corporation	2.31	$ 328.945 Millions	$ 142.278 Millions
Mix Telematics Limited	2.23	$ 342.287 Millions	$ 153.271 Millions
Telos Corporation	2.23	$ 181.503 Millions	$ 81.563 Millions
Grow Capital Inc	2.21	$ 6.519 Millions	$ 2.946 Millions
Algorhythm Holdings Inc	2.20	$ 41.865 Millions	$ 19.051 Millions
Computer Task Group Incorporated	2.18	$ 364.063 Millions	$ 167.069 Millions
Upay Inc	2.17	$ 1.135 Millions	$ 0.523 Millions
Qxo Inc	2.11	$ 37.388 Millions	$ 17.714 Millions
Quantum Corp	2.07	$ 350.655 Millions	$ 169.273 Millions
Ubiquiti Inc	2.07	$ 1,434.756 Millions	$ 694.257 Millions
Kaleyra Inc	2.05	$ 232.658 Millions	$ 113.681 Millions
Autoweb Inc.	2.04	$ 86.005 Millions	$ 42.077 Millions
Veritec Inc	2.02	$ 0.364 Millions	$ 0.180 Millions
Ooma Inc	2.02	$ 165.333 Millions	$ 81.770 Millions
Leaf Group Ltd	2.00	$ 192.191 Millions	$ 96.003 Millions
Mobivity Holdings Corp	2.00	$ 13.220 Millions	$ 6.614 Millions
Jabil Inc	1.97	$ 27,266.438 Millions	$ 13,843.233 Millions
Netlist Inc	1.92	$ 45.119 Millions	$ 23.481 Millions
Mikros Systems Corp	1.90	$ 6.206 Millions	$ 3.268 Millions
Sonic Foundry Inc	1.87	$ 34.753 Millions	$ 18.603 Millions
Sonos Inc	1.85	$ 1,326.328 Millions	$ 715.365 Millions
Fingermotion Inc	1.84	$ 12.523 Millions	$ 6.824 Millions

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