Hillenbrand Inc (HI)
Total asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,182,800 | 3,108,000 | 3,038,000 | 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 |
| Total assets | US$ in thousands | 5,238,700 | 5,271,500 | 5,570,500 | 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 |
| Total asset turnover | 0.61 | 0.59 | 0.55 | 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 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,182,800K ÷ $5,238,700K
= 0.61
The total asset turnover of Hillenbrand Inc has fluctuated over the past few years, with values ranging from 0.44 to 0.69. The ratio indicates how efficiently the company is generating sales revenue from its assets. A higher ratio typically signifies better asset utilization.
In the most recent quarter, the total asset turnover was 0.61, which suggests that the company generated $0.61 in sales for every dollar of assets. This indicates an improvement compared to the previous quarter's ratio of 0.59. However, the current ratio is still lower than the peak observed in the same quarter of the previous year when it stood at 0.69.
Overall, the company's total asset turnover has shown some volatility, with occasional spikes and declines. It is important for investors and analysts to monitor this ratio over time to assess the company's efficiency in utilizing its assets to generate revenue.
Peer comparison
Sep 30, 2024