Hanesbrands Inc (HBI)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,885,425 | 4,385,526 | 4,959,733 | 5,403,320 | 5,131,150 | 5,307,610 | 5,467,040 | 5,541,530 | 6,233,660 | 6,512,720 | 6,631,530 | 6,869,370 | 6,801,240 | 6,849,730 | 6,868,450 | 6,855,920 | 6,664,350 | 6,614,510 | 6,673,210 | 6,695,360 |
| Total assets | US$ in thousands | 3,840,940 | 5,461,600 | 5,379,840 | 5,589,680 | 5,640,310 | 5,913,290 | 6,279,030 | 6,432,680 | 6,503,880 | 7,099,280 | 7,089,310 | 6,859,710 | 7,071,440 | 7,462,800 | 7,277,990 | 6,989,250 | 7,698,870 | 8,159,680 | 8,112,960 | 7,943,260 |
| Total asset turnover | 1.01 | 0.80 | 0.92 | 0.97 | 0.91 | 0.90 | 0.87 | 0.86 | 0.96 | 0.92 | 0.94 | 1.00 | 0.96 | 0.92 | 0.94 | 0.98 | 0.87 | 0.81 | 0.82 | 0.84 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,885,425K ÷ $3,840,940K
= 1.01
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its investments in assets. For Hanesbrands Inc, the total asset turnover ratio has fluctuated over the past few years.
From March 31, 2020, to June 30, 2022, the total asset turnover ranged between 0.82 to 1.00, indicating that the company was able to generate varying levels of sales revenue relative to its total assets during this period. The highest ratio of 1.00 was achieved on March 31, 2022, suggesting that Hanesbrands efficiently utilized its assets to generate sales revenue.
However, from September 30, 2022, to December 31, 2024, the total asset turnover ratio declined, reaching its lowest point of 0.80 on September 30, 2024. This downward trend indicates a decrease in the company's efficiency in utilizing its assets to generate sales revenue during this period.
Overall, the total asset turnover ratio for Hanesbrands Inc has shown fluctuations, suggesting varying levels of asset utilization efficiency over the years analyzed. The company may need to assess its asset management strategies to improve its ability to generate sales from its total asset base in the future.