HealthEquity Inc (HQY)
Total 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 |
| Total assets | US$ in thousands | 3,448,550 | 3,488,350 | 3,514,470 | 3,246,480 | 3,163,790 | 3,093,500 | 3,066,460 | 3,035,010 | 3,088,900 | 3,064,760 | 3,074,020 | 3,065,070 | 3,107,100 | 3,099,610 | 3,148,630 | 3,161,870 | 2,710,410 | 2,657,260 | 2,664,380 | 2,562,480 |
| Total asset turnover | 0.35 | 0.33 | 0.31 | 0.31 | 0.30 | 0.30 | 0.29 | 0.28 | 0.26 | 0.26 | 0.24 | 0.24 | 0.23 | 0.23 | 0.23 | 0.22 | 0.26 | 0.27 | 0.26 | 0.24 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,203,871K ÷ $3,448,550K
= 0.35
The total asset turnover of HealthEquity Inc has been gradually improving over the period from April 2020 to January 2025. The ratio increased from 0.24 in April 2020 to 0.35 in January 2025. This indicates that the company is generating more revenue relative to its total assets, which is a positive sign of efficiency in asset utilization.
There were fluctuations in the total asset turnover ratio throughout the period, with some quarters showing slight decreases or increases. However, the overall trend shows steady improvement over time, with the ratio consistently trending upwards.
A total asset turnover ratio of 0.35 as of January 2025 suggests that for every dollar of total assets, HealthEquity Inc generates $0.35 in revenue. This indicates that the company is effectively using its assets to generate sales, which is important for profitability and sustainable growth.
Overall, the trend of increasing total asset turnover ratio signifies that HealthEquity Inc has been able to enhance its operational efficiency and effectively utilize its assets to drive top-line growth.
Peer comparison
Jan 31, 2025