HP Inc (HPQ)
Fixed asset turnover
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,718,000 | 62,910,000 | 63,460,000 | 56,639,000 | 58,756,000 |
| Property, plant and equipment | US$ in thousands | 2,827,000 | 2,774,000 | 2,546,000 | 2,627,000 | 2,794,000 |
| Fixed asset turnover | 19.00 | 22.68 | 24.93 | 21.56 | 21.03 |
October 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $53,718,000K ÷ $2,827,000K
= 19.00
The fixed asset turnover for HP Inc has been fluctuating over the past five years. It decreased from 24.94 in 2021 to 21.56 in 2020, before increasing to 22.70 in 2022 and then decreasing again to 19.00 in 2023. This indicates that the company's ability to generate sales from its investment in fixed assets has been inconsistent. Further analysis of the company's fixed asset management and sales generation strategies would be necessary to fully understand the reasons behind these fluctuations.
Peer comparison
Oct 31, 2023
Company name
Symbol
Fixed asset turnover
HP Inc
HPQ
19.00
Hewlett Packard Enterprise Co
HPE
4.86
International Business Machines
IBM
—