Hewlett Packard Enterprise Co (HPE)
Working capital 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 current assets | US$ in thousands | 18,948,000 | 20,506,000 | 18,878,000 | 16,556,000 | 15,143,000 |
| Total current liabilities | US$ in thousands | 21,882,000 | 23,174,000 | 20,687,000 | 18,738,000 | 19,159,000 |
| Working capital turnover | — | — | — | — | — |
October 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $29,135,000K ÷ ($18,948,000K – $21,882,000K)
= —
The working capital turnover ratio measures the efficiency of a company in utilizing its working capital to generate sales. The formula for this ratio is sales divided by average working capital. However, the data provided does not include the exact value for working capital turnover for Hewlett Packard Enterprise Co in the years 2023, 2022, and 2021.
Analyzing the available data, we can observe that the working capital turnover ratio for Hewlett Packard Enterprise Co was 9.22 in 2020 and 16.21 in 2019. The significant decrease from 2019 to 2020 suggests a decrease in the efficiency of the company in utilizing its working capital to generate sales.
In order to provide a more comprehensive analysis and understand the trend over the years, it would be necessary to have the specific values for working capital turnover in 2023, 2022, and 2021. Without this data, it is challenging to draw a detailed and comprehensive analysis of the working capital turnover for Hewlett Packard Enterprise Co in the specified years.
Peer comparison
Oct 31, 2023