Hewlett Packard Enterprise Co (HPE)
Fixed asset turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 30,127,000 | 29,135,000 | 28,496,000 | 27,784,000 | 26,982,000 |
| Property, plant and equipment | US$ in thousands | 5,664,000 | 5,989,000 | 5,784,000 | 5,613,000 | 5,625,000 |
| Fixed asset turnover | 5.32 | 4.86 | 4.93 | 4.95 | 4.80 |
October 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $30,127,000K ÷ $5,664,000K
= 5.32
Hewlett Packard Enterprise Co's fixed asset turnover has been relatively stable over the past five years, ranging from 4.80 to 5.32. This ratio indicates the company's ability to generate revenue from its investment in fixed assets, with higher values suggesting better utilization of fixed assets to generate sales.
The increasing trend from 2020 to 2024, peaking at 5.32, reflects improvements in the company's efficiency in generating sales from its fixed assets. This could signify effective asset management or increased sales relative to the value of fixed assets.
Overall, Hewlett Packard Enterprise Co's fixed asset turnover indicates a positive trend in utilizing its fixed assets efficiently to generate revenue over the years, which could be a favorable aspect for stakeholders assessing the company's operational efficiency.
Peer comparison
Oct 31, 2024