Hims Hers Health Inc (HIMS)
Total 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 |
| Total assets | US$ in thousands | 707,539 | 441,186 | 366,341 | 420,585 | 118,697 |
| Total asset turnover | 2.09 | 1.98 | 1.44 | 0.65 | 1.25 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,476,510K ÷ $707,539K
= 2.09
Hims Hers Health Inc's total asset turnover has experienced significant fluctuations over the past five years. The ratio was 1.25 at the end of 2020, indicating that the company generated $1.25 in revenue for every dollar of total assets. However, this ratio decreased to 0.65 by the end of 2021, suggesting a decline in the efficiency of asset utilization.
Subsequently, there was a notable improvement as the total asset turnover ratio surged to 1.44 by the end of 2022 and further increased to 1.98 by the end of 2023. These values indicate that the company effectively utilized its assets to generate revenue during these periods.
Moreover, the total asset turnover ratio reached its peak at 2.09 by the end of 2024, reflecting a substantial increase in asset efficiency and revenue generation capability. Overall, the trend in total asset turnover for Hims Hers Health Inc exhibits both fluctuations and notable improvements, indicating varying levels of asset utilization efficiency over the five-year period.
Peer comparison
Dec 31, 2024