HP Inc (HPQ)
Fixed 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 | 53,559,000 | 53,321,000 | 52,998,000 | 53,105,000 | 53,718,000 | 54,675,000 | 56,127,000 | 59,695,000 | 62,910,000 | 64,784,000 | 65,425,000 | 64,827,000 | 63,460,000 | 62,070,000 | 61,075,000 | 57,667,000 | 56,639,000 | 56,788,000 | 57,097,000 | 58,664,000 |
| Property, plant and equipment | US$ in thousands | 2,914,000 | 2,831,000 | 2,794,000 | 2,807,000 | 2,827,000 | 2,783,000 | 2,771,000 | 2,764,000 | 2,774,000 | 2,626,000 | 2,613,000 | 2,619,000 | 2,546,000 | 2,500,000 | 2,538,000 | 2,546,000 | 2,627,000 | 2,658,000 | 2,714,000 | 2,756,000 |
| Fixed asset turnover | 18.38 | 18.83 | 18.97 | 18.92 | 19.00 | 19.65 | 20.26 | 21.60 | 22.68 | 24.67 | 25.04 | 24.75 | 24.93 | 24.83 | 24.06 | 22.65 | 21.56 | 21.36 | 21.04 | 21.29 |
October 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $53,559,000K ÷ $2,914,000K
= 18.38
HP Inc's fixed asset turnover has been consistently high over the past few years, indicating efficient utilization of its fixed assets to generate sales. The trend shows a gradual increase from 21.29 in January 2020 to a peak of 25.04 in July 2022, before slightly declining to 18.38 in October 2024. This decline may suggest a decrease in sales relative to the value of fixed assets, which could be due to various factors such as changes in market conditions or company strategy. Overall, a high fixed asset turnover ratio signifies effective management of assets and can be an indicator of operational efficiency and productivity.
Peer comparison
Oct 31, 2024