Haemonetics Corporation (HAE)
Total asset turnover
Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 2,596,175 | 2,424,725 | 2,393,776 | 2,373,078 | 2,323,237 | 1,114,154 | 1,068,622 | 1,011,034 | 987,485 | 954,649 | 935,251 | 904,840 | 862,112 | 882,733 | 901,332 | 944,412 | 989,857 | 1,000,660 | 989,046 | 978,061 |
Total assets | US$ in thousands | 2,195,590 | 2,200,430 | 2,011,280 | 1,962,260 | 1,934,820 | 1,878,070 | 1,865,110 | 1,820,530 | 1,859,730 | 1,831,380 | 1,801,500 | 1,794,190 | 1,819,920 | 1,318,070 | 1,418,170 | 1,433,170 | 1,267,110 | 1,237,750 | 1,190,540 | 1,259,610 |
Total asset turnover | 1.18 | 1.10 | 1.19 | 1.21 | 1.20 | 0.59 | 0.57 | 0.56 | 0.53 | 0.52 | 0.52 | 0.50 | 0.47 | 0.67 | 0.64 | 0.66 | 0.78 | 0.81 | 0.83 | 0.78 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,596,175K ÷ $2,195,590K
= 1.18
Haemonetics Corporation's total asset turnover has shown a fluctuating trend over the past few quarters. The company's total asset turnover ratio has generally been increasing since the end of 2020. This indicates that the company has been more effective in generating sales revenue from its total assets during this period. The highest total asset turnover ratio was observed in the most recent quarter at 1.18, suggesting that the company is efficiently utilizing its assets to generate revenue.
However, there have been periods, such as in the second half of 2022, where the total asset turnover ratio was relatively low, indicating a less efficient use of assets to generate sales. Overall, the increasing trend in total asset turnover is a positive sign for Haemonetics Corporation as it implies better asset utilization and potential for improved financial performance.
Peer comparison
Mar 31, 2024