Helen of Troy Ltd (HELE)
Total asset turnover
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,951,649 | 1,945,114 | 1,954,029 | 1,988,120 | 2,032,319 | 2,141,123 | 2,217,356 | 2,177,293 | 2,210,480 | 2,138,035 | 2,151,168 | 2,207,303 | 2,086,058 | 2,022,215 | 1,859,374 | 1,742,097 | 1,698,141 | 1,640,619 | 1,596,759 | 1,576,773 |
| Total assets | US$ in thousands | 2,838,620 | 2,952,290 | 2,901,660 | 2,872,830 | 2,913,720 | 3,129,420 | 3,225,210 | 3,144,250 | 2,823,450 | 2,487,400 | 2,400,160 | 2,348,090 | 2,263,490 | 2,311,740 | 2,174,190 | 1,975,690 | 1,903,880 | 1,791,090 | 1,775,950 | 1,702,830 |
| Total asset turnover | 0.69 | 0.66 | 0.67 | 0.69 | 0.70 | 0.68 | 0.69 | 0.69 | 0.78 | 0.86 | 0.90 | 0.94 | 0.92 | 0.87 | 0.86 | 0.88 | 0.89 | 0.92 | 0.90 | 0.93 |
February 29, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,951,649K ÷ $2,838,620K
= 0.69
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. Helen of Troy Ltd's total asset turnover has fluctuated over the periods provided, ranging from 0.66 to 0.94. A total asset turnover ratio of less than 1 indicates that the company is not efficiently utilizing its assets to generate sales revenue.
In the most recent period, the total asset turnover was 0.69, suggesting that for every dollar of assets, Helen of Troy Ltd generated $0.69 in sales. It is important for the company to monitor this ratio over time and strive to improve it, as a higher total asset turnover ratio indicates better asset utilization and efficiency in generating revenue.
The trend in total asset turnover for Helen of Troy Ltd shows some variability but generally remains around 0.70 over the past few periods, indicating a consistent level of asset efficiency. Further analysis and comparison with industry benchmarks may provide additional insights into the company's performance in terms of asset management and revenue generation.