HP Inc (HPQ)
Total 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 |
| Total assets | US$ in thousands | 39,909,000 | 38,059,000 | 37,433,000 | 35,846,000 | 37,004,000 | 36,632,000 | 36,366,000 | 36,148,000 | 38,494,000 | 39,247,000 | 39,901,000 | 38,912,000 | 38,610,000 | 35,523,000 | 34,549,000 | 34,737,000 | 34,681,000 | 34,244,000 | 33,773,000 | 31,656,000 |
| Total asset turnover | 1.34 | 1.40 | 1.42 | 1.48 | 1.45 | 1.49 | 1.54 | 1.65 | 1.63 | 1.65 | 1.64 | 1.67 | 1.64 | 1.75 | 1.77 | 1.66 | 1.63 | 1.66 | 1.69 | 1.85 |
October 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $53,559,000K ÷ $39,909,000K
= 1.34
The total asset turnover ratio for HP Inc has fluctuated over the past few years, ranging from 1.34 to 1.85. A higher total asset turnover ratio indicates that the company is generating more sales relative to its total assets. The trend for HP Inc's total asset turnover shows some variability, with peaks observed in Jan 31, 2021 (1.77) and Apr 30, 2021 (1.75), and a trough in Oct 31, 2024 (1.34).
Overall, HP Inc's total asset turnover has generally been above 1.5, indicating that the company has effectively utilized its assets to generate revenue. However, the fluctuations in the ratio suggest that there may have been changes in the company's sales volume or asset base over the analyzed period. This metric is valuable for investors and analysts to assess the company's efficiency in utilizing its assets to generate sales.
Peer comparison
Oct 31, 2024