HP Inc (HPQ)
Total asset turnover
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 58,756,000 | 58,715,000 | 58,698,000 |
| Total assets | US$ in thousands | 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 | 33,467,000 | 32,405,000 | 31,946,000 |
| Total asset turnover | 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 | 1.76 | 1.81 | 1.84 |
January 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $53,105,000K ÷ $35,846,000K
= 1.48
The total asset turnover ratio for HP Inc has shown some fluctuations over the past few quarters. Generally, total asset turnover measures the efficiency of a company in generating sales revenue from its total assets.
The ratio has ranged between 1.45 and 1.65 over the last eight quarters. In Q1 2024, the total asset turnover was 1.48, indicating that the company generated $1.48 in sales for every $1 of total assets. This was slightly lower compared to the previous quarter's figure of 1.55.
Overall, HP Inc's total asset turnover ratios have remained relatively stable, hovering around the range of 1.45 to 1.65. This suggests that the company has been effectively utilizing its assets to generate sales revenue. However, a detailed trend analysis over a longer period may provide more insights into the company's asset utilization efficiency.
Peer comparison
Jan 31, 2024