Hims Hers Health Inc (HIMS)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 872,000 | 526,916 | 271,878 | 148,757 | 82,558 |
| Property, plant and equipment | US$ in thousands | -12,244 | 3,000 | 2,200 | 1,700 | 200 |
| Fixed asset turnover | — | 175.64 | 123.58 | 87.50 | 412.79 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $872,000K ÷ $-12,244K
= —
The fixed asset turnover of Hims Hers Health Inc has shown fluctuations over the past five years. In 2019, the company had a high fixed asset turnover of 412.79, indicating that for each dollar invested in fixed assets, the company generated $412.79 in sales. This was followed by a significant drop in 2020 to 87.50, suggesting a decline in the efficiency of utilizing fixed assets to generate revenue.
In 2021, there was an improvement in fixed asset turnover to 123.58, indicating enhanced efficiency in utilizing fixed assets to generate sales. The trend continued in 2022 with a further increase to 175.64, signaling a continued improvement in asset utilization efficiency.
However, the absence of data for 2023 limits the ability to provide a complete assessment of the company's recent performance. Overall, the trend in fixed asset turnover for Hims Hers Health Inc reflects variations in the efficiency of converting investment in fixed assets into revenue over the past five years. Further analysis of the 2023 data would be required to understand the latest performance and trends in asset utilization efficiency.