Hillenbrand Inc (HI)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,182,800 | 2,826,000 | 2,315,300 | 2,241,400 | 2,517,000 |
| Total assets | US$ in thousands | 5,238,700 | 5,547,700 | 3,867,500 | 4,014,900 | 3,987,400 |
| Total asset turnover | 0.61 | 0.51 | 0.60 | 0.56 | 0.63 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,182,800K ÷ $5,238,700K
= 0.61
Hillenbrand Inc's total asset turnover has shown varying trends over the past five years. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue.
In 2024, the total asset turnover ratio increased to 0.61 from 0.51 in 2023, suggesting an improvement in the company's ability to generate sales relative to its total assets. This could indicate better asset utilization or increased sales volume compared to the previous year.
Comparing the 2024 ratio to the ratios of the previous years, it appears to be higher than in 2022 and 2021, but slightly lower than in 2020. This indicates fluctuations in the company's asset efficiency over the years.
Overall, the total asset turnover ratio for Hillenbrand Inc has exhibited some variability, but the recent increase in 2024 may signify improved asset utilization and revenue generation compared to the previous year. However, further analysis and comparison with industry benchmarks would be necessary to better understand the company's performance in utilizing its assets efficiently.
Peer comparison
Sep 30, 2024