Hillenbrand Inc (HI)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,943,600 | 2,826,000 | 2,667,100 | 2,530,300 | 2,405,100 | 2,315,300 | 1,842,900 | 1,958,200 | 2,114,800 | 2,241,400 | 2,803,600 | 2,716,000 | 2,642,600 | 2,517,000 | 2,309,100 | 2,148,200 | 1,963,900 | 1,807,300 | 1,796,200 | 1,795,600 |
| Total assets | US$ in thousands | 5,584,900 | 5,547,700 | 4,733,800 | 4,830,500 | 4,885,900 | 3,867,500 | 3,893,700 | 4,065,000 | 3,994,600 | 4,014,900 | 4,037,400 | 3,917,100 | 4,015,300 | 3,987,400 | 4,029,900 | 4,190,700 | 4,420,700 | 2,228,600 | 1,890,600 | 1,885,500 |
| Total asset turnover | 0.53 | 0.51 | 0.56 | 0.52 | 0.49 | 0.60 | 0.47 | 0.48 | 0.53 | 0.56 | 0.69 | 0.69 | 0.66 | 0.63 | 0.57 | 0.51 | 0.44 | 0.81 | 0.95 | 0.95 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,943,600K ÷ $5,584,900K
= 0.53
Total asset turnover is a key financial ratio that indicates how efficiently a company is utilizing its assets to generate revenue. It is calculated by dividing net sales by average total assets. A higher total asset turnover ratio suggests that the company is generating more revenue for each dollar of assets it holds.
In the case of Hillenbrand Inc, the total asset turnover ratio has varied over the past eight quarters. In Q1 2023, the ratio was 0.59, indicating that the company generated $0.59 in revenue for every dollar of assets. This ratio decreased slightly in Q2 and Q4 2023 to 0.58 and 0.51, respectively, suggesting a potential decline in asset efficiency during those periods.
However, there was an improvement in Q1 2024 with a total asset turnover ratio of 0.53, indicating a better utilization of assets to generate revenue compared to the previous quarter. Overall, the trend in the total asset turnover ratio for Hillenbrand Inc shows some fluctuations, with periods of both improvement and decline in asset efficiency over the past eight quarters. Further analysis of the company's operations and financial performance would be needed to understand the factors driving these fluctuations and assess the overall efficiency of asset utilization by Hillenbrand Inc.
Peer comparison
Dec 31, 2023