Hewlett Packard Enterprise Co (HPE)
Working capital 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 |
| Total current assets | US$ in thousands | 33,457,000 | 18,948,000 | 20,506,000 | 18,878,000 | 16,556,000 |
| Total current liabilities | US$ in thousands | 25,973,000 | 21,882,000 | 23,174,000 | 20,687,000 | 18,738,000 |
| Working capital turnover | 4.03 | — | — | — | — |
October 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $30,127,000K ÷ ($33,457,000K – $25,973,000K)
= 4.03
Based on the available data, the working capital turnover ratio for Hewlett Packard Enterprise Co for the year ending October 31, 2024, is 4.03. This indicates that the company generated $4.03 in revenue for every dollar of working capital invested during the period. However, without historical data for comparison, it is challenging to assess the trend and performance over time. A higher working capital turnover ratio suggests better efficiency in utilizing its working capital to generate sales. Conversely, a lower ratio may indicate inefficiencies or potential liquidity concerns. It would be beneficial to analyze trends over multiple periods to gain a more comprehensive understanding of the company's operating efficiency and financial management.
Peer comparison
Oct 31, 2024