Total Asset Turnover
since 2015
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Hewlett Packard Enterprise Co. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2015
- Operating Profit Margin since 2015
- Price to Operating Profit (P/OP) since 2015
- Analysis of Revenues
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Calculation
Hewlett Packard Enterprise Co., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Oct 31, 2023 | = | ÷ | |||
| Oct 31, 2022 | = | ÷ | |||
| Oct 31, 2021 | = | ÷ | |||
| Oct 31, 2020 | = | ÷ | |||
| Oct 31, 2019 | = | ÷ | |||
| Oct 31, 2018 | = | ÷ | |||
| Oct 31, 2017 | = | ÷ | |||
| Oct 31, 2016 | = | ÷ | |||
| Oct 31, 2015 | = | ÷ |
Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 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).
1 US$ in millions
The annual financial data reveals several noteworthy trends in the company's performance and asset management over the analyzed period.
- Net Revenue
- Net revenue demonstrated a fluctuating pattern with an initial decline from 52,107 million US dollars in 2015 to 50,123 million in 2016, followed by a sharp decrease in 2017 to 28,871 million. After 2017, the revenue showed relative stability with minor fluctuations, maintaining levels around 28,000 to 29,000 million US dollars from 2018 through 2023. This pattern suggests a significant contraction in revenue between 2016 and 2017, after which the company stabilized its sales volume at the lower level.
- Total Assets
- Total assets consistently decreased from 81,270 million US dollars in 2015 to 51,803 million in 2019, indicating a substantial reduction in asset base over these years. From 2019 onwards, a slight recovery trend is observed, with total assets increasing to 54,015 million in 2020 and further to 57,153 million in 2023. Despite this recovery, the asset base remained well below the initial 2015 levels, reflecting possibly an asset divestiture strategy, restructuring, or asset optimization efforts.
- Total Asset Turnover
- The total asset turnover ratio, which measures how efficiently the company uses its assets to generate revenue, declined from 0.64 in 2015 to 0.47 in 2017, mirroring the declines in revenue and assets. From 2017 onwards, the ratio fluctuated modestly between 0.48 and 0.56, finally registering 0.51 in 2023. This indicates a moderate improvement in asset utilization efficiency after the lowest point in 2017, though the ratio does not return to earlier higher levels, suggesting persistent efficiency challenges or structural shifts in the asset base and revenue generation dynamics.
Comparison to Competitors
Hewlett Packard Enterprise Co., total asset turnover, long-term trends, comparison to competitors
| Hewlett Packard Enterprise Co. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Oct 31, 2023 | ||||||
| Oct 31, 2022 | ||||||
| Oct 31, 2021 | ||||||
| Oct 31, 2020 | ||||||
| Oct 31, 2019 | ||||||
| Oct 31, 2018 | ||||||
| Oct 31, 2017 | ||||||
| Oct 31, 2016 | ||||||
| Oct 31, 2015 |
Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 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).
Comparison to Sector (Technology Hardware & Equipment)
Hewlett Packard Enterprise Co., total asset turnover, long-term trends, comparison to sector (technology hardware & equipment)
| Hewlett Packard Enterprise Co. | Technology Hardware & Equipment | |
|---|---|---|
| Oct 31, 2023 | ||
| Oct 31, 2022 | ||
| Oct 31, 2021 | ||
| Oct 31, 2020 | ||
| Oct 31, 2019 | ||
| Oct 31, 2018 | ||
| Oct 31, 2017 | ||
| Oct 31, 2016 | ||
| Oct 31, 2015 |
Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 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).
Comparison to Industry (Information Technology)
Hewlett Packard Enterprise Co., total asset turnover, long-term trends, comparison to industry (information technology)
| Hewlett Packard Enterprise Co. | Information Technology | |
|---|---|---|
| Oct 31, 2023 | ||
| Oct 31, 2022 | ||
| Oct 31, 2021 | ||
| Oct 31, 2020 | ||
| Oct 31, 2019 | ||
| Oct 31, 2018 | ||
| Oct 31, 2017 | ||
| Oct 31, 2016 | ||
| Oct 31, 2015 |
Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 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).