Stock Analysis on Net

Fortinet Inc. (NASDAQ:FTNT)

This company has been moved to the archive! The financial data has not been updated since May 8, 2023.

Total Asset Turnover
since 2009

Calculation
Comparison to Competitors
Comparison to Sector (Software & Services)
Comparison to Industry (Information Technology)

Calculation

Fortinet Inc., total asset turnover, long-term trends, calculation

	Total asset turnover	=	Revenue¹	÷	Total assets¹
Dec 31, 2022	0.71	=	4,417,400)	÷	6,228,000)
Dec 31, 2021	0.56	=	3,342,200)	÷	5,919,100)
Dec 31, 2020	0.64	=	2,594,400)	÷	4,044,500)
Dec 31, 2019	0.55	=	2,156,200)	÷	3,885,500)
Dec 31, 2018	0.59	=	1,801,200)	÷	3,078,000)
Dec 31, 2017	0.66	=	1,494,930)	÷	2,257,916)
Dec 31, 2016	0.60	=	1,275,443)	÷	2,139,941)
Dec 31, 2015	0.56	=	1,009,268)	÷	1,790,510)
Dec 31, 2014	0.54	=	770,364)	÷	1,424,774)
Dec 31, 2013	0.53	=	615,297)	÷	1,168,464)
Dec 31, 2012	0.55	=	533,639)	÷	975,497)
Dec 31, 2011	0.59	=	433,576)	÷	734,747)
Dec 31, 2010	0.60	=	324,696)	÷	545,422)
Dec 31, 2009	0.65	=	252,115)	÷	387,213)

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).

¹ US$ in thousands

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Comparison to Competitors

Fortinet Inc., total asset turnover, long-term trends, comparison to competitors

	Fortinet Inc.	Accenture PLC	Adobe Inc.	Cadence Design Systems Inc.	CrowdStrike Holdings Inc.	International Business Machines Corp.	Intuit Inc.	Microsoft Corp.	Oracle Corp.	Palantir Technologies Inc.	Palo Alto Networks Inc.	Salesforce Inc.	ServiceNow Inc.	Synopsys Inc.
Dec 31, 2022	0.71	1.30	0.65	0.69	0.40	0.48	0.46	0.54	0.39	0.55	0.45	0.28	0.54	0.54
Dec 31, 2021	0.56	1.17	0.58	0.68	0.32	0.43	0.62	0.50	0.31	0.47	0.42	0.32	0.55	0.48
Dec 31, 2020	0.64	1.20	0.53	0.68	0.34	0.47	0.70	0.47	0.34	0.41	0.38	0.31	0.52	0.46
Dec 31, 2019	0.55	1.45	0.54	0.70	—	0.51	1.08	0.44	0.36	—	0.44	0.43	0.57	0.52
Dec 31, 2018	0.59	1.70	0.48	0.87	—	0.65	1.15	0.43	0.29	—	0.39	0.50	0.67	0.51
Dec 31, 2017	0.66	1.62	0.50	0.80	—	0.63	1.27	0.37	0.28	—	0.51	0.48	0.57	0.50
Dec 31, 2016	0.60	1.69	0.46	0.87	—	0.68	1.10	0.44	0.33	—	0.50	0.52	0.68	0.46
Dec 31, 2015	0.56	1.80	0.41	0.72	—	0.74	0.84	0.53	0.34	—	0.47	0.50	0.56	0.44
Dec 31, 2014	0.54	1.78	0.38	0.49	—	0.79	0.87	0.50	0.42	—	0.40	0.44	0.48	0.43
Dec 31, 2013	0.53	1.80	0.39	0.60	—	0.79	0.76	0.55	0.45	—	0.68	0.55	0.36	0.45
Dec 31, 2012	0.55	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	0.59	1.74	0.47	0.65	—	0.92	0.75	0.64	0.48	—	—	0.54	—	0.46
Dec 31, 2010	0.60	1.80	0.47	0.54	—	0.88	0.66	0.73	0.44	—	—	0.53	—	0.42
Dec 31, 2009	0.65	1.89	0.40	0.60	—	0.88	0.66	0.75	0.49	—	—	0.73	—	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).

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Comparison to Sector (Software & Services)

Fortinet Inc., total asset turnover, long-term trends, comparison to sector (software & services)

	Fortinet Inc.	Software & Services
Dec 31, 2022	0.71	0.53
Dec 31, 2021	0.56	0.49
Dec 31, 2020	0.64	0.48
Dec 31, 2019	0.55	0.50
Dec 31, 2018	0.59	0.51
Dec 31, 2017	0.66	0.47
Dec 31, 2016	0.60	0.54
Dec 31, 2015	0.56	0.59
Dec 31, 2014	0.54	0.62
Dec 31, 2013	0.53	0.66
Dec 31, 2012	0.55	0.72
Dec 31, 2011	0.59	0.75
Dec 31, 2010	0.60	0.76
Dec 31, 2009	0.65	0.79

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).

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Comparison to Industry (Information Technology)

Fortinet Inc., total asset turnover, long-term trends, comparison to industry (information technology)

	Fortinet Inc.	Information Technology
Dec 31, 2022	0.71	0.65
Dec 31, 2021	0.56	0.62
Dec 31, 2020	0.64	0.58
Dec 31, 2019	0.55	0.59
Dec 31, 2018	0.59	0.59
Dec 31, 2017	0.66	0.51
Dec 31, 2016	0.60	0.55
Dec 31, 2015	0.56	0.63
Dec 31, 2014	0.54	0.64
Dec 31, 2013	0.53	0.66
Dec 31, 2012	0.55	0.70
Dec 31, 2011	0.59	0.73
Dec 31, 2010	0.60	0.72
Dec 31, 2009	0.65	0.69

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).

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