Hewlett Packard Enterprise Co (HPE)
Fixed asset turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 28,081,000 | 29,135,000 | 29,655,000 | 29,604,000 | 29,344,000 | 28,496,000 | 27,979,000 | 27,925,000 | 27,912,000 | 27,784,000 | 27,638,000 | 27,557,000 | 26,866,000 | 26,982,000 | 26,989,000 | 27,390,000 | 28,531,000 | 29,135,000 | 29,684,000 | 29,935,000 |
| Property, plant and equipment | US$ in thousands | 5,997,000 | 5,989,000 | 6,089,000 | 6,013,000 | 5,990,000 | 5,784,000 | 5,626,000 | 5,508,000 | 5,498,000 | 5,613,000 | 5,510,000 | 5,480,000 | 5,573,000 | 5,625,000 | 5,709,000 | 5,588,000 | 5,711,000 | 6,054,000 | 6,000,000 | 6,138,000 |
| Fixed asset turnover | 4.68 | 4.86 | 4.87 | 4.92 | 4.90 | 4.93 | 4.97 | 5.07 | 5.08 | 4.95 | 5.02 | 5.03 | 4.82 | 4.80 | 4.73 | 4.90 | 5.00 | 4.81 | 4.95 | 4.88 |
January 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $28,081,000K ÷ $5,997,000K
= 4.68
The fixed asset turnover ratio measures how effectively a company is utilizing its fixed assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of fixed assets.
Hewlett Packard Enterprise Co's fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 4.68 to 5.07. This implies that the company has been consistent in efficiently using its fixed assets to generate revenue.
The slight fluctuations in the ratio over the quarters may be attributed to changes in business operations, investments in new assets, or shifts in sales volume. Overall, the trend indicates that Hewlett Packard Enterprise Co is effectively managing its fixed assets to support its revenue-generating activities.
It is important for investors and stakeholders to monitor this ratio over time to ensure that the company continues to optimize its asset utilization and maintain its efficiency in generating revenue from its fixed assets.
Peer comparison
Jan 31, 2024
See also:
Hewlett Packard Enterprise Co Net Fixed Asset Turnover (Quarterly Data)