HealthEquity Inc (HQY)
Fixed asset turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,202,300 | 945,655 | 815,511 | 717,771 | 700,488 |
| Property, plant and equipment | US$ in thousands | 3,239 | 6,013 | 12,862 | 23,372 | 29,106 |
| Fixed asset turnover | 371.19 | 157.27 | 63.40 | 30.71 | 24.07 |
January 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,202,300K ÷ $3,239K
= 371.19
HealthEquity Inc's fixed asset turnover has shown a significant increase over the years, reflecting the company's ability to generate sales from its fixed assets efficiently. The ratio has grown from 24.07 in January 31, 2021, to 371.19 in January 31, 2025. This upward trend indicates that HealthEquity has been utilizing its fixed assets more effectively to generate revenue. A higher fixed asset turnover ratio is generally positive as it suggests that the company is effectively managing its assets to drive sales. HealthEquity's impressive fixed asset turnover signifies strong asset utilization and operational efficiency, which could potentially lead to increased profitability and shareholder value in the future.
Peer comparison
Jan 31, 2025