Helen of Troy Ltd (HELE)
Total asset turnover
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,951,730 | 2,033,190 | 2,213,270 | 2,085,990 | 1,694,540 |
| Total assets | US$ in thousands | 2,838,620 | 2,913,720 | 2,823,450 | 2,263,490 | 1,903,880 |
| Total asset turnover | 0.69 | 0.70 | 0.78 | 0.92 | 0.89 |
February 29, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,951,730K ÷ $2,838,620K
= 0.69
Helen of Troy Ltd's total asset turnover has decreased from 0.89 in fiscal year 2020 to 0.69 in fiscal year 2024. This indicates a decline in the company's efficiency in generating sales from its assets over the years. A lower total asset turnover ratio suggests that the company is not effectively utilizing its assets to generate revenue, possibly due to factors such as increased asset base without a corresponding rise in sales. It is essential for the company to closely monitor and analyze its asset utilization and sales generation strategies to improve overall performance and financial health.