Hewlett Packard Enterprise Co (HPE)
Total 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 |
| Total assets | US$ in thousands | 57,153,000 | 57,123,000 | 57,699,000 | 54,015,000 | 51,803,000 |
| Total asset turnover | 0.51 | 0.50 | 0.48 | 0.50 | 0.56 |
October 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $29,135,000K ÷ $57,153,000K
= 0.51
The total asset turnover ratio for Hewlett Packard Enterprise Co has shown a fluctuating trend over the past five years. The ratio indicates the company's efficiency in generating sales revenue relative to its total assets. The data reveals that in the most recent year, ending October 31, 2023, the total asset turnover ratio increased to 0.51 from 0.50 in the previous year. This suggests that the company generated $0.51 in sales for every dollar of assets, reflecting a slight improvement in asset utilization. However, it is essential to note that the ratio has been oscillating around the 0.50 mark over the past five years, indicating a relatively stable performance in utilizing its assets to generate sales. This suggests that while there has been some volatility in the ratio, the company's ability to efficiently utilize its assets to generate revenue has been fairly consistent over the period under consideration. Further analysis of the company's operational and financial strategies may provide insight into the factors driving these fluctuations and the potential implications for its overall performance.
Peer comparison
Oct 31, 2023