Hewlett Packard Enterprise Co (HPE)
Total 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 |
| Total assets | US$ in thousands | 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 | 51,803,000 | 50,760,000 | 51,140,000 |
| Total asset turnover | 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 | 0.56 | 0.58 | 0.59 |
January 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $28,081,000K ÷ $58,602,000K
= 0.48
Hewlett Packard Enterprise Co's total asset turnover ratio, which measures the efficiency of the company in generating sales revenue from its total assets, has shown some fluctuations over the past eight quarters. The total asset turnover ratio ranged from 0.48 to 0.53 during the period, with the highest value observed in Q3 2023 and Q2 2023.
The trend indicates that the company has been relatively efficient in utilizing its assets to generate sales revenue. However, the slight variations in the ratio suggest that Hewlett Packard Enterprise Co may have experienced some changes in its asset utilization efficiency during this period.
Overall, the company's total asset turnover ratio has remained relatively stable around the range of 0.48 to 0.53, indicating a consistent performance in efficiently generating sales revenue from its total assets. Further analysis of the underlying factors affecting asset turnover could provide additional insights into the company's operational efficiency and financial performance.
Peer comparison
Jan 31, 2024
See also:
Hewlett Packard Enterprise Co Total Asset Turnover (Quarterly Data)