Total Asset Turnover
since 2005
Calculation
HP Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Oct 31, 2018 | 1.69 | = | 58,472) | ÷ | 34,622) |
| Oct 31, 2017 | 1.58 | = | 52,056) | ÷ | 32,913) |
| Oct 31, 2016 | 1.66 | = | 48,238) | ÷ | 29,010) |
| Oct 31, 2015 | 0.97 | = | 103,355) | ÷ | 106,882) |
| Oct 31, 2014 | 1.08 | = | 111,454) | ÷ | 103,206) |
| Oct 31, 2013 | 1.06 | = | 112,298) | ÷ | 105,676) |
| Oct 31, 2012 | 1.11 | = | 120,357) | ÷ | 108,768) |
| Oct 31, 2011 | 0.98 | = | 127,245) | ÷ | 129,517) |
| Oct 31, 2010 | 1.01 | = | 126,033) | ÷ | 124,503) |
| Oct 31, 2009 | 1.00 | = | 114,552) | ÷ | 114,799) |
| Oct 31, 2008 | 1.04 | = | 118,364) | ÷ | 113,331) |
| Oct 31, 2007 | 1.18 | = | 104,286) | ÷ | 88,699) |
| Oct 31, 2006 | 1.12 | = | 91,658) | ÷ | 81,981) |
| Oct 31, 2005 | 1.12 | = | 86,696) | ÷ | 77,317) |
Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
1 US$ in millions
- Net Revenue
- The net revenue exhibits a general upward trend from 2005 through 2011, increasing from 86,696 million US dollars in 2005 to a peak of 127,245 million US dollars in 2011. This growth period is followed by a gradual decline over the next several years, dropping to 103,355 million US dollars by 2015. Notably, there is a sharp decrease in 2016 to 48,238 million US dollars, marking a significant contraction. After 2016, the revenue shows a moderate recovery, rising slowly to 58,472 million US dollars by 2018.
- Total Assets
- Total assets also increased consistently from 77,317 million US dollars in 2005 to a high of 129,517 million US dollars in 2011. Similar to net revenue, total assets decline markedly afterward, reaching 106,882 million US dollars in 2015, followed by a dramatic drop to 29,010 million US dollars in 2016. Post-2016, total assets show incremental growth, ending at 34,622 million US dollars in 2018. This pattern indicates a substantial reduction in asset base after 2015.
- Total Asset Turnover
- The total asset turnover ratio, representing efficiency in using assets to generate revenue, remains relatively stable around 1.0 to 1.18 during the period from 2005 to 2015. The ratio declines slightly below 1.0 in 2011 and fluctuates near 1.0 until 2015. Starting in 2016, there is a pronounced increase in the ratio to 1.66 and above through 2018, indicating improved asset utilization following the significant reductions in total assets and net revenue observed in the same period.
- Summary Insights
- From 2005 to 2011, there was a phase of growth marked by rising revenues and asset accumulation. Post-2011, a downward trend in both revenues and assets suggests operational or market challenges. The steep declines around 2016 highlight a possible restructuring, divestiture, or impairment event impacting both asset size and revenue base. Despite these reductions, enhanced asset turnover ratios after 2016 denote a more efficient use of assets to generate each unit of revenue. This efficiency gain suggests strategic adjustments that compensated for smaller asset pools, even though revenue levels remained well below the earlier peak years.
Comparison to Competitors
HP Inc., total asset turnover, long-term trends, comparison to competitors
| HP Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Oct 31, 2018 | 1.69 | 0.73 | 0.70 | 0.45 | — | 1.90 |
| Oct 31, 2017 | 1.58 | 0.61 | 0.67 | 0.37 | — | 1.64 |
| Oct 31, 2016 | 1.66 | 0.67 | 0.65 | 0.40 | — | 1.90 |
| Oct 31, 2015 | 0.97 | 0.80 | 0.72 | 0.43 | — | 1.83 |
| Oct 31, 2014 | 1.08 | 0.79 | 0.72 | 0.45 | — | 1.84 |
| Oct 31, 2013 | 1.06 | 0.83 | — | 0.48 | — | 1.84 |
| Oct 31, 2012 | 1.11 | 0.89 | — | 0.50 | — | 1.72 |
| Oct 31, 2011 | 0.98 | 0.93 | — | 0.50 | — | 2.03 |
| Oct 31, 2010 | 1.01 | 0.87 | — | 0.49 | — | 1.95 |
| Oct 31, 2009 | 1.00 | 0.68 | — | 0.53 | — | 1.79 |
| Oct 31, 2008 | 1.04 | 0.82 | — | 0.67 | — | 2.04 |
| Oct 31, 2007 | 1.18 | 0.95 | — | 0.65 | — | 2.04 |
| Oct 31, 2006 | 1.12 | 1.12 | — | 0.66 | — | — |
| Oct 31, 2005 | 1.12 | 1.21 | — | 0.73 | — | — |
Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Sector (Technology Hardware & Equipment)
HP Inc., total asset turnover, long-term trends, comparison to sector (technology hardware & equipment)
| HP Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Oct 31, 2018 | 1.69 | 0.67 |
| Oct 31, 2017 | 1.58 | 0.55 |
| Oct 31, 2016 | 1.66 | 0.60 |
| Oct 31, 2015 | 0.97 | 0.70 |
| Oct 31, 2014 | 1.08 | 0.69 |
| Oct 31, 2013 | 1.06 | 0.71 |
| Oct 31, 2012 | 1.11 | 0.76 |
| Oct 31, 2011 | 0.98 | 0.75 |
| Oct 31, 2010 | 1.01 | 0.68 |
| Oct 31, 2009 | 1.00 | 0.60 |
| Oct 31, 2008 | 1.04 | 0.74 |
| Oct 31, 2007 | 1.18 | 0.75 |
| Oct 31, 2006 | 1.12 | 0.79 |
| Oct 31, 2005 | 1.12 | 0.85 |
Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Industry (Information Technology)
HP Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| HP Inc. | Information Technology | |
|---|---|---|
| Oct 31, 2018 | 1.69 | 0.59 |
| Oct 31, 2017 | 1.58 | 0.51 |
| Oct 31, 2016 | 1.66 | 0.55 |
| Oct 31, 2015 | 0.97 | 0.63 |
| Oct 31, 2014 | 1.08 | 0.64 |
| Oct 31, 2013 | 1.06 | 0.66 |
| Oct 31, 2012 | 1.11 | 0.70 |
| Oct 31, 2011 | 0.98 | 0.73 |
| Oct 31, 2010 | 1.01 | 0.72 |
| Oct 31, 2009 | 1.00 | 0.69 |
| Oct 31, 2008 | 1.04 | 0.79 |
| Oct 31, 2007 | 1.18 | 0.76 |
| Oct 31, 2006 | 1.12 | 0.75 |
| Oct 31, 2005 | 1.12 | 0.77 |
Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).