Helen of Troy Ltd (HELE)
Fixed asset turnover
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,907,660 | 2,005,050 | 2,072,670 | 2,223,360 | 2,098,800 |
| Property, plant and equipment | US$ in thousands | — | — | 351,793 | 205,378 | 136,535 |
| Fixed asset turnover | — | — | 5.89 | 10.83 | 15.37 |
February 28, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,907,660K ÷ $—K
= —
Helen of Troy Ltd's fixed asset turnover has exhibited a declining trend over the past few years. The ratio decreased from 15.37 in February 2021 to 10.83 in February 2022, further dropping to 5.89 in February 2023. The absence of data for February 29, 2024, and February 28, 2025, makes it challenging to discern the precise trajectory beyond 2023.
This trend suggests that the company may be generating less revenue relative to its investment in fixed assets, indicating potential inefficiencies in asset utilization. Further investigation into the company's operational efficiency and investment strategies may be necessary to address the declining fixed asset turnover ratio and enhance overall performance.