Hims Hers Health Inc (HIMS)
Fixed 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 | 1,241,994 | 1,067,137 | 959,401 | 872,000 | 792,584 | 710,721 | 616,372 | 526,916 | 444,412 | 373,749 | 320,878 | 271,878 | 228,645 | 195,796 | 171,008 | 148,757 | 132,060 | 90,736 | 54,832 | |
| Property, plant and equipment | US$ in thousands | -19,921 | -17,147 | -14,244 | -12,244 | -10,337 | 4,735 | 4,548 | 3,000 | 5,318 | 4,459 | 4,787 | 2,200 | — | — | — | 1,700 | — | — | — | — |
| Fixed asset turnover | — | — | — | — | — | 150.10 | 135.53 | 175.64 | 83.57 | 83.82 | 67.03 | 123.58 | — | — | — | 87.50 | — | — | — |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,241,994K ÷ $-19,921K
= —
The fixed asset turnover ratio for Hims Hers Health Inc has shown fluctuation over the periods available for analysis. The ratio was not available for some periods.
From the data, we can observe that the fixed asset turnover ratio was relatively low in some periods, indicating that the company may not have been efficiently utilizing its fixed assets to generate revenue during those times. However, there were also periods where the ratio was relatively high, suggesting better efficiency in utilizing fixed assets to generate sales.
Overall, it is essential for the company to monitor and manage its fixed asset turnover ratio consistently to ensure optimal utilization of its fixed assets and maximize revenue generation.