Sally Beauty Holdings Inc (SBH)
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 | 3,628,215 | 3,653,284 | 3,698,523 | 3,711,659 | 3,701,123 | 3,722,075 | 3,746,879 | 3,820,324 | 3,831,278 | 3,779,726 | 3,767,647 | 3,446,701 | 3,393,635 | 3,444,070 | 3,452,195 | 3,723,594 | 3,796,746 | 3,802,820 | 3,802,880 | 3,825,274 |
| Total assets | US$ in thousands | 2,731,390 | 2,725,250 | 2,675,400 | 2,675,110 | 2,668,550 | 2,576,870 | 2,685,870 | 2,743,000 | 2,855,940 | 2,847,130 | 2,778,180 | 2,909,570 | 2,999,650 | 2,895,150 | 3,198,090 | 2,921,170 | 2,675,060 | 2,098,450 | 2,072,270 | 2,092,610 |
| Total asset turnover | 1.33 | 1.34 | 1.38 | 1.39 | 1.39 | 1.44 | 1.40 | 1.39 | 1.34 | 1.33 | 1.36 | 1.18 | 1.13 | 1.19 | 1.08 | 1.27 | 1.42 | 1.81 | 1.84 | 1.83 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,628,215K ÷ $2,731,390K
= 1.33
Sally Beauty Holdings Inc's total asset turnover has shown relatively consistent performance over the past few quarters, ranging from 1.36 to 1.48, with an average around 1.41. This indicates that, on average, the company generates $1.41 in sales for every $1 of total assets it holds. A total asset turnover above 1 suggests efficient utilization of assets to generate revenue.
Although the figure has fluctuated slightly, the overall trend appears stable, with no significant deviations that would raise concerns about asset management efficiency. The consistent performance of the total asset turnover ratio suggests that Sally Beauty Holdings Inc is effectively leveraging its asset base to generate sales revenue. It also indicates that the company has a healthy balance between its asset base and revenue generation capabilities, which is a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023