HealthEquity Inc (HQY)

Fixed asset turnover

Jan 31, 2025 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
Revenue (ttm) US$ in thousands 1,203,871 1,153,288 1,088,356 1,018,339 958,410 916,132 884,134 848,438 815,511 788,427 748,466 735,565 717,815 706,638 714,959 700,254 700,489 719,841 694,134 614,980
Property, plant and equipment US$ in thousands 3,239 3,890 4,592 5,083 6,013 7,660 9,145 10,532 12,862 15,620 18,028 21,003 23,372 24,930 27,382 27,479 29,106 31,774 34,528 35,821
Fixed asset turnover 371.68 296.48 237.01 200.34 159.39 119.60 96.68 80.56 63.40 50.48 41.52 35.02 30.71 28.34 26.11 25.48 24.07 22.66 20.10 17.17

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,203,871K ÷ $3,239K
= 371.68

HealthEquity Inc's fixed asset turnover has been steadily increasing over the years, indicating that the company is utilizing its fixed assets more efficiently to generate sales. The ratio has shown significant growth from 17.17 in April 2020 to 371.68 in January 2025.

This indicates that for every dollar invested in fixed assets, the company generated $371.68 in sales by January 2025. The increasing trend suggests that HealthEquity Inc has been able to improve its operational efficiency and productivity over time.

A rising fixed asset turnover ratio typically reflects improved asset utilization, better operational management, or increased sales efficiency. It indicates that the company is maximizing the revenue generated by its fixed assets, which can be a positive indicator of financial health and overall business performance.