Hewlett Packard Enterprise Co (HPE)
Total asset turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 30,127,000 | 29,020,000 | 28,312,000 | 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 |
| Total assets | US$ in thousands | 71,262,000 | 60,852,000 | 59,711,000 | 58,602,000 | 57,153,000 | 56,415,000 | 55,549,000 | 55,591,000 | 57,123,000 | 57,675,000 | 56,324,000 | 57,873,000 | 57,699,000 | 56,437,000 | 54,132,000 | 53,451,000 | 54,015,000 | 58,239,000 | 54,515,000 | 52,244,000 |
| Total asset turnover | 0.42 | 0.48 | 0.47 | 0.48 | 0.51 | 0.53 | 0.53 | 0.53 | 0.50 | 0.49 | 0.50 | 0.48 | 0.48 | 0.49 | 0.51 | 0.50 | 0.50 | 0.46 | 0.50 | 0.55 |
October 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $30,127,000K ÷ $71,262,000K
= 0.42
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is utilizing its assets effectively to generate sales.
Hewlett Packard Enterprise Co's total asset turnover has fluctuated over the past years, ranging from 0.42 to 0.55. The trend shows a slight decline in recent periods, with the ratio decreasing from 0.55 in Jan 2020 to 0.42 in Oct 2024. This may indicate a decrease in the company's ability to generate sales relative to its total assets during this period.
It is important for the company to closely monitor its total asset turnover and further analyze the factors contributing to the fluctuations. By identifying areas of improvement in asset utilization and sales generation, Hewlett Packard Enterprise Co can work towards enhancing its efficiency and profitability.
Peer comparison
Oct 31, 2024
See also:
Hewlett Packard Enterprise Co Total Asset Turnover (Quarterly Data)