Hewlett Packard Enterprise Co (HPE)
Fixed asset turnover
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 29,135,000 | 28,496,000 | 27,784,000 | 26,982,000 | 29,135,000 |
| Property, plant and equipment | US$ in thousands | 5,989,000 | 5,784,000 | 5,613,000 | 5,625,000 | 6,054,000 |
| Fixed asset turnover | 4.86 | 4.93 | 4.95 | 4.80 | 4.81 |
October 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $29,135,000K ÷ $5,989,000K
= 4.86
The fixed asset turnover for Hewlett Packard Enterprise Co has been relatively stable over the past five years, ranging from 4.80 to 4.95. This ratio measures the efficiency with which the company generates sales from its investment in fixed assets. A higher ratio indicates better asset utilization. The slight variations in the fixed asset turnover ratio suggest that the company has been consistently effective in generating revenue from its fixed assets. This stability may indicate that the company has effectively managed its fixed assets to support its sales growth over the years. However, it would be valuable to compare this ratio with industry benchmarks to gain a better understanding of the company's performance relative to its peers.
Peer comparison
Oct 31, 2023