The Hain Celestial Group Inc (HAIN)

Total asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	1,678,400	1,755,310	1,900,380	1,977,810	2,053,900
Total assets	US$ in thousands	2,117,550	2,258,640	2,458,380	2,205,910	2,188,450
Total asset turnover		0.79	0.78	0.77	0.90	0.94

June 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,678,400K ÷ $2,117,550K
= 0.79

The total asset turnover ratio for The Hain Celestial Group Inc has shown a declining trend over the past five years. In 2020, the ratio was at its highest at 0.94 before gradually decreasing to 0.90 in 2021, 0.77 in 2022, and 0.78 in 2023. The ratio further decreased to 0.79 in 2024. This indicates that the company is generating less revenue in relation to its total assets in recent years. A lower total asset turnover ratio may signify inefficiencies in asset utilization or possible difficulty in generating sufficient sales relative to the size of its asset base. Further investigation into the company's operations and strategies may be warranted to address this declining trend in total asset turnover.