Helen of Troy Ltd (HELE)
Total 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 |
| Total assets | US$ in thousands | 3,132,080 | 2,838,620 | 2,913,720 | 2,823,450 | 2,263,490 |
| Total asset turnover | 0.61 | 0.71 | 0.71 | 0.79 | 0.93 |
February 28, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,907,660K ÷ $3,132,080K
= 0.61
Helen of Troy Ltd's total asset turnover has shown a declining trend over the past five years. The ratio has decreased from 0.93 in February 28, 2021, to 0.61 in February 28, 2025. This indicates that the company is generating less revenue for every dollar invested in total assets. A decreasing total asset turnover may suggest inefficiency in asset utilization or declining sales relative to total assets. It is important for Helen of Troy Ltd to closely monitor and improve its asset management efficiency to enhance overall operational performance and profitability.