Forward Industries (FWDI) Asset Utilization Ratio (2011 - 2026)
Forward Industries' (FWDI) Asset Utilization Ratio was 0.03 for fiscal Q1 2026 (quarter ended Dec 31, 2025), down 97.9% from 1.38 a year earlier but up 20.5% from the prior quarter.
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Analysis
Forward Industries (FWDI) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Asset Utilization Ratio at Forward Industries was 0.02, down 98.0% from FY2024.
- By fiscal year, Asset Utilization Ratio came in at 1.24 in FY2024 (-35.1%), 1.91 in FY2023 (+2.2%), 1.87 in FY2022 (-5.9%) and 1.99 in FY2021 (+2.3%).
- Five-year quarterly Asset Utilization Ratio spans a low of 0.02 in fiscal Q4 2025 and a high of 2.03 in fiscal Q3 2021.
- Year over year, Asset Utilization Ratio has now declined in each of the last seven quarters, with an average decline of 35.9% over the last eight quarters.
- The high point for year-over-year Asset Utilization Ratio in five years was fiscal Q1 2024 (growth of 19.0%); the low point was fiscal Q4 2025 (a decline of 98.3%).
- Per Business Quant data, the three fiscal quarters before Q1 2026 came in at 0.02 (Q4 2025), 1.45 (Q3 2025) and 1.36 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 50.81 Bn | 42.20 Bn | - | - |
| 2 | Cognizant Technology Solutions | 28.52 Bn | 22.49 Bn | 1.91 Bn | 1.04 |
| 3 | Cdw | 20.95 Bn | 17.85 Bn | 1.39 Bn | 1.33 |
| 4 | Td Synnex | 18.62 Bn | 12.78 Bn | 1.43 Bn | 1.88 |
| 5 | Arrow Electronics | 10.10 Bn | 9.05 Bn | 1.13 Bn | 0.97 |
| 6 | EPAM Systems | 7.92 Bn | 3.84 Bn | 445.94 Mn | 1.22 |
| 7 | Avnet | 7.12 Bn | 6.30 Bn | 865.03 Mn | 1.91 |
| 8 | ExlService Holdings | 6.52 Bn | 5.32 Bn | 241.14 Mn | 1.23 |
| 9 | Science Applications International | 6.35 Bn | 5.89 Bn | 239.00 Mn | 1.38 |
| 10 | Forward Industries | 461.21 Mn | 461.21 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 0.06 |
| Dec 31, 2025 | 0.03 |
| Sep 30, 2025 | 0.02 |
| Jun 30, 2025 | 1.45 |
| Mar 31, 2025 | 1.36 |
| Dec 31, 2024 | 1.38 |
| Sep 30, 2024 | 1.47 |
| Jun 30, 2024 | 1.69 |
| Mar 31, 2024 | 1.87 |
| Dec 31, 2023 | 2.02 |
| Sep 30, 2023 | 2.00 |
| Jun 30, 2023 | 1.71 |
| Mar 31, 2023 | 1.70 |
| Dec 31, 2022 | 1.70 |
| Sep 30, 2022 | 1.73 |
| Jun 30, 2022 | 1.92 |
| Mar 31, 2022 | 1.95 |
| Dec 31, 2021 | 1.96 |
| Sep 30, 2021 | 2.01 |
| Jun 30, 2021 | 2.03 |
API Access
Forward Industries Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "FWDI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();