Sally Beauty Holdings Inc (SBH)
Total asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,717,033 | 3,623,305 | 3,614,026 | 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 |
| Total assets | US$ in thousands | 2,792,900 | 2,721,200 | 2,746,540 | 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 |
| Total asset turnover | 1.33 | 1.33 | 1.32 | 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 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,717,033K ÷ $2,792,900K
= 1.33
The total asset turnover ratio for Sally Beauty Holdings Inc has been relatively stable over the past several quarters, fluctuating between 1.08 and 1.44. This ratio indicates how efficiently the company is utilizing its assets to generate revenue.
A total asset turnover ratio above 1 suggests that Sally Beauty Holdings Inc is generating more in sales compared to its total assets, indicating effective asset utilization. The consistency of this ratio over time implies that the company has been maintaining a steady level of efficiency in generating revenue from its assets.
While the ratio has experienced minor fluctuations, it has generally remained within a relatively narrow range, reflecting a consistent operational efficiency in utilizing assets to generate sales. This stability can be seen as a positive indicator of the company's operational performance and management of its asset base.
Peer comparison
Sep 30, 2024