The Hain Celestial Group Inc (HAIN)

Total asset turnover

		Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	1,678,403	1,682,561	1,713,018	1,728,265	1,755,367	1,805,591	1,853,287	1,876,020	1,891,788	1,893,216	1,882,881	1,934,358	1,977,806	2,031,395	2,092,088	2,070,434	2,053,862	2,099,798	2,146,298	2,223,690
Total assets	US$ in thousands	2,117,550	2,149,230	2,233,630	2,216,900	2,258,640	2,272,820	2,438,160	2,416,990	2,458,380	2,441,480	2,485,370	2,142,260	2,205,910	2,239,890	2,265,600	2,199,730	2,188,450	2,236,140	2,284,940	2,236,430
Total asset turnover		0.79	0.78	0.77	0.78	0.78	0.79	0.76	0.78	0.77	0.78	0.76	0.90	0.90	0.91	0.92	0.94	0.94	0.94	0.94	0.99

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,678,403K ÷ $2,117,550K
= 0.79

The total asset turnover of The Hain Celestial Group Inc has exhibited some fluctuations over the past few quarters. The ratio has generally ranged between 0.76 and 0.94, with occasional outliers such as 0.90, 0.91, and 0.99. This indicates that, on average, the company generates revenues equivalent to approximately 76% to 94% of its total assets each year. A lower total asset turnover may suggest inefficiency in asset utilization, while a higher ratio could indicate strong asset management. It is important for the company to consistently monitor and improve this ratio to ensure optimal use of its assets in generating revenues.