Hillenbrand Inc (HI)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,826,000 | 2,315,300 | 2,241,400 | 2,517,000 | 1,807,300 |
| Total assets | US$ in thousands | 5,547,700 | 3,867,500 | 4,014,900 | 3,987,400 | 2,228,600 |
| Total asset turnover | 0.51 | 0.60 | 0.56 | 0.63 | 0.81 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,826,000K ÷ $5,547,700K
= 0.51
The total asset turnover ratio for Hillenbrand Inc has exhibited some fluctuations in recent years. The ratio decreased from 0.81 in 2019 to 0.63 in 2020, indicating a decline in the company's ability to generate sales from its assets. However, it improved to 0.71 in 2021 before declining again to 0.76 in 2022 and further to 0.51 in 2023. This downward trend may suggest a decrease in the efficiency of the company's asset utilization and sales generation. Further analysis of the company's operational and financial strategies is recommended to understand the underlying factors contributing to these fluctuations and to identify potential areas for improvement in asset management and sales generation.
Peer comparison
Sep 30, 2023