HealthEquity Inc (HQY)
Total 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 |
| Total assets | US$ in thousands | 3,448,550 | 3,163,790 | 3,088,900 | 3,107,100 | 2,710,410 |
| Total asset turnover | 0.35 | 0.30 | 0.26 | 0.23 | 0.26 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,202,300K ÷ $3,448,550K
= 0.35
HealthEquity Inc's total asset turnover has shown some fluctuations over the past five years. Starting at 0.26 on January 31, 2021, it slightly decreased to 0.23 on January 31, 2022, indicating a lower efficiency in generating sales from its assets. However, the ratio improved in the following years, reaching 0.35 on January 31, 2025. This increase suggests that the company has been able to generate more revenue relative to its total assets, showing improved efficiency in asset utilization. Overall, the trend in total asset turnover is positive, reflecting a more effective utilization of assets to generate sales over time.
Peer comparison
Jan 31, 2025