Helen of Troy Ltd (HELE)
Total asset turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,907,481 | 1,910,967 | 1,929,875 | 1,947,217 | 2,005,226 | 2,000,432 | 2,009,424 | 2,039,261 | 2,072,667 | 2,170,104 | 2,236,382 | 2,190,210 | 2,223,355 | 2,150,710 | 2,163,563 | 2,219,187 | 2,098,799 | 2,031,789 | 1,868,789 | 1,751,932 |
| Total assets | US$ in thousands | 3,132,080 | 2,973,130 | 2,880,380 | 2,820,950 | 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 |
| Total asset turnover | 0.61 | 0.64 | 0.67 | 0.69 | 0.71 | 0.68 | 0.69 | 0.71 | 0.71 | 0.69 | 0.69 | 0.70 | 0.79 | 0.86 | 0.90 | 0.95 | 0.93 | 0.88 | 0.86 | 0.89 |
February 28, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,907,481K ÷ $3,132,080K
= 0.61
The total asset turnover of Helen of Troy Ltd has shown a declining trend over the past several years, indicating a decreasing efficiency in generating sales from its total assets. From February 28, 2025, the total asset turnover ratio stands at 0.61, the lowest point in the provided data series. This suggests that for each dollar of total assets, the company generated $0.61 in sales, reflecting potential inefficiencies in asset utilization.
It is noteworthy that the ratio fluctuated within a narrow range during the observed period, with some slight peaks and troughs. However, the general trend points towards a gradual decrease in asset turnover efficiency, which may raise concerns about the company's operational effectiveness and the ability to maximize revenue generation from its asset base.
Further analysis and investigation into the company's operational strategies, asset management practices, and industry trends may be warranted to address the declining total asset turnover and explore opportunities for improving efficiency in utilizing assets to drive sales growth.