Hanesbrands Inc (HBI)
Total asset turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,636,530 | 5,812,990 | 5,972,420 | 6,046,910 | 6,233,660 | 6,512,720 | 6,631,530 | 6,869,370 | 6,796,660 | 6,733,450 | 6,752,170 | 6,739,640 | 6,550,530 | 6,612,390 | 6,671,090 | 6,693,240 | 6,966,920 | 6,984,220 | 6,965,960 | 6,920,470 |
| Total assets | US$ in thousands | 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 | 7,719,870 | 8,168,540 | 8,123,300 | 7,968,100 | 7,353,990 | 7,723,830 | 7,846,040 | 7,824,160 |
| Total asset turnover | 1.00 | 0.98 | 0.95 | 0.94 | 0.96 | 0.92 | 0.94 | 1.00 | 0.96 | 0.90 | 0.93 | 0.96 | 0.85 | 0.81 | 0.82 | 0.84 | 0.95 | 0.90 | 0.89 | 0.88 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,636,530K ÷ $5,640,310K
= 1.00
The total asset turnover ratio of Hanesbrands Inc has fluctuated over the past five years, ranging from 0.81 to 1.00. Total asset turnover indicates how efficiently the company is utilizing its assets to generate sales. A higher ratio implies that the company is generating more sales per dollar of assets, whereas a lower ratio may indicate inefficiency in asset utilization.
In the most recent period, as of December 31, 2023, the total asset turnover stood at 1.00, which indicates that the company generated $1 in sales for every $1 of assets it held. This may suggest improved efficiency in asset utilization compared to the previous periods.
Overall, the trend in the total asset turnover ratio for Hanesbrands Inc shows some variability but generally indicates that the company has been effectively managing its assets to generate sales revenue. However, it is essential to consider other factors and ratios in conjunction with the total asset turnover to gain a comprehensive understanding of the company's financial performance.