Hershey Co (HSY)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,004,030 | 11,070,300 | 10,743,680 | 10,623,500 | 10,318,580 | 10,004,590 | 9,690,530 | 9,341,870 | 8,933,450 | 8,799,400 | 8,656,350 | 8,386,670 | 8,149,720 | 8,032,600 | 7,947,190 | 8,007,080 | 7,986,250 | 7,906,030 | 7,851,200 | 7,835,600 |
| Total assets | US$ in thousands | 11,902,900 | 11,935,700 | 11,525,700 | 11,111,500 | 10,948,800 | 10,832,900 | 10,588,900 | 10,645,000 | 10,412,200 | 9,439,180 | 8,883,860 | 9,038,130 | 9,131,840 | 9,255,030 | 8,911,070 | 8,855,440 | 8,140,400 | 8,464,260 | 7,793,560 | 7,857,380 |
| Total asset turnover | 0.92 | 0.93 | 0.93 | 0.96 | 0.94 | 0.92 | 0.92 | 0.88 | 0.86 | 0.93 | 0.97 | 0.93 | 0.89 | 0.87 | 0.89 | 0.90 | 0.98 | 0.93 | 1.01 | 1.00 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,004,030K ÷ $11,902,900K
= 0.92
Hershey Company's total asset turnover ratio has been relatively stable over the past eight quarters, ranging from 0.88 to 0.97. This ratio measures how efficiently the company is using its assets to generate revenue. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales.
The consistent total asset turnover ratio around 0.94 suggests that Hershey Company has been effectively managing its assets to generate revenue. This stability indicates that the company has maintained a good balance between its asset base and its sales volume over the analyzed period.
Additionally, the slight fluctuations in the total asset turnover ratio within a close range could be attributed to seasonal variations in sales and changes in the company's asset base. Overall, the consistent performance reflected in the total asset turnover ratio suggests that Hershey Company has been efficiently utilizing its assets to drive revenue growth.
Peer comparison
Dec 31, 2023