Hims Hers Health Inc (HIMS)
Total 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 |
| Total assets | US$ in thousands | 441,186 | 366,341 | 420,585 | 118,697 | 204,765 |
| Total asset turnover | 1.98 | 1.44 | 0.65 | 1.25 | 0.40 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $872,000K ÷ $441,186K
= 1.98
Hims Hers Health Inc's total asset turnover has shown fluctuating trends over the past five years. In 2023, the total asset turnover ratio improved significantly to 1.98, indicating that the company generated $1.98 in revenue for every dollar of assets it had. This suggests a more efficient utilization of assets to generate sales compared to the previous year.
In 2022, the total asset turnover was 1.44, demonstrating a moderate level of asset efficiency. The ratio increased from the low of 0.65 in 2021, indicating a substantial improvement in asset utilization efficiency that year. However, there was a decline from the high of 1.25 in 2020.
The highest total asset turnover in the data set was recorded in 2019 at 0.40, suggesting that the company significantly improved its asset utilization efficiency over the years. Overall, the increasing trend in recent years reflects positively on the company's ability to generate sales relative to its asset base and indicates improved operational efficiency.