Hims Hers Health Inc (HIMS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,476,510 | 872,000 | 526,916 | 271,878 | 148,757 |
| Property, plant and equipment | US$ in thousands | -24,499 | -12,244 | 3,000 | 2,200 | 1,700 |
| Fixed asset turnover | — | — | 175.64 | 123.58 | 87.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,476,510K ÷ $-24,499K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue.
For Hims Hers Health Inc, the fixed asset turnover has shown a positive trend over the past few years. In December 2020, the ratio was 87.50, indicating that for every dollar invested in fixed assets, the company generated $87.50 in revenue. This ratio increased to 123.58 by December 2021, and further improved to 175.64 by December 2022, demonstrating an increasing efficiency in utilizing fixed assets to generate revenue.
However, the data shows that there is no information available for December 2023 and December 2024, which limits our ability to assess the trend in the subsequent years.
Overall, the increasing trend in fixed asset turnover ratio for Hims Hers Health Inc signifies improved efficiency in utilizing fixed assets to generate sales revenue, which is a positive indicator of the company's operational performance and asset utilization.
Peer comparison
Dec 31, 2024