Sally Beauty Holdings Inc (SBH)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,713,300 | 3,652,760 | 3,705,580 | 3,777,230 | 3,415,500 |
| Total assets | US$ in thousands | 2,792,900 | 2,725,250 | 2,576,870 | 2,847,130 | 2,895,150 |
| Total asset turnover | 1.33 | 1.34 | 1.44 | 1.33 | 1.18 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,713,300K ÷ $2,792,900K
= 1.33
Sally Beauty Holdings Inc's total asset turnover ratio has experienced fluctuations over the past five years. The ratio ranged from 1.18 in 2020 to 1.44 in 2022, indicating varying levels of efficiency in generating sales from its total assets. The 1.33 ratio in 2021 and 2024 suggests a stable performance in utilizing its assets to drive revenue.
Overall, the company has generally been effective in generating sales relative to its total asset base, with 2022 standing out as a particularly strong year in terms of asset utilization. However, maintaining consistency in asset turnover efficiency will be crucial for Sally Beauty Holdings Inc to sustain its financial performance and maximize shareholder value in the long run.
Peer comparison
Sep 30, 2024