Hims Hers Health Inc (HIMS)
Total asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,476,514 | 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 |
| Total assets | US$ in thousands | 707,539 | 602,261 | 480,500 | 448,106 | 441,186 | 413,865 | 389,884 | 376,306 | 366,341 | 382,827 | 379,965 | 382,039 | 420,585 | 420,069 | 347,699 | 345,900 | 118,697 | 205,814 | 206,201 | 206,287 |
| Total asset turnover | 2.09 | 2.06 | 2.22 | 2.14 | 1.98 | 1.92 | 1.82 | 1.64 | 1.44 | 1.16 | 0.98 | 0.84 | 0.65 | 0.54 | 0.56 | 0.49 | 1.25 | 0.64 | 0.44 | 0.27 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,476,514K ÷ $707,539K
= 2.09
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets.
Analyzing Hims Hers Health Inc's total asset turnover over the period from March 31, 2020, to December 31, 2024, we can see a fluctuating trend. The total asset turnover ratio started at a low of 0.27 on March 31, 2020, indicating that the company was generating $0.27 of revenue for every dollar of assets.
Over the next few quarters, the ratio gradually increased, reaching a peak of 2.22 on June 30, 2024, indicating a significant improvement in asset utilization efficiency. However, the ratio dipped slightly in the subsequent quarters to 2.09 by December 31, 2024.
Overall, the trend suggests that Hims Hers Health Inc has been improving its efficiency in utilizing its assets to generate revenue over the analyzed period. It is important for investors and stakeholders to monitor this ratio to assess the company's operational efficiency and effectiveness in generating revenue from its assets.
Peer comparison
Dec 31, 2024