Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Hewlett Packard Enterprise Co., long-term (investment) activity ratios
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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Hewlett Packard Enterprise Co. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Hewlett Packard Enterprise Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Hewlett Packard Enterprise Co. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Hewlett Packard Enterprise Co. equity turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Net Fixed Asset Turnover
Hewlett Packard Enterprise Co., net fixed asset turnover calculation, comparison to benchmarks
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net revenue | 29,135) | 28,496) | 27,784) | 26,982) | 29,135) | 30,852) | |
| Property, plant and equipment, net | 5,989) | 5,784) | 5,613) | 5,625) | 6,054) | 6,138) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 4.86 | 4.93 | 4.95 | 4.80 | 4.81 | 5.03 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Apple Inc. | 8.77 | 9.36 | 9.28 | 7.47 | 6.96 | 6.43 | |
| Arista Networks Inc. | 57.69 | 46.11 | 37.49 | 71.90 | 61.38 | — | |
| Cisco Systems Inc. | 27.34 | 25.82 | 21.31 | 20.10 | 18.61 | — | |
| Super Micro Computer Inc. | 24.54 | 18.17 | 12.95 | 14.28 | 16.88 | 17.09 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Technology Hardware & Equipment | 9.81 | 10.24 | 10.02 | 8.34 | 7.87 | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Information Technology | 3.52 | 4.14 | 4.45 | 4.24 | 4.29 | — | |
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).
1 2023 Calculation
Net fixed asset turnover = Net revenue ÷ Property, plant and equipment, net
= 29,135 ÷ 5,989 = 4.86
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Hewlett Packard Enterprise Co. net fixed asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Hewlett Packard Enterprise Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net revenue | 29,135) | 28,496) | 27,784) | 26,982) | 29,135) | 30,852) | |
| Property, plant and equipment, net | 5,989) | 5,784) | 5,613) | 5,625) | 6,054) | 6,138) | |
| Operating lease ROU assets | 980) | 854) | 884) | 930) | —) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 6,969) | 6,638) | 6,497) | 6,555) | 6,054) | 6,138) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 4.18 | 4.29 | 4.28 | 4.12 | 4.81 | 5.03 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Apple Inc. | 7.05 | 7.51 | 7.39 | 6.06 | 6.96 | 6.43 | |
| Arista Networks Inc. | 37.21 | 29.52 | 20.50 | 21.16 | 18.98 | — | |
| Cisco Systems Inc. | 18.65 | 17.19 | 14.51 | 14.61 | 18.61 | — | |
| Super Micro Computer Inc. | 23.02 | 16.78 | 12.07 | 12.96 | 16.88 | 17.09 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Technology Hardware & Equipment | 7.83 | 8.13 | 7.91 | 6.71 | 7.85 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Information Technology | 3.09 | 3.59 | 3.79 | 3.60 | 4.00 | — | |
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).
1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenue ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 29,135 ÷ 6,969 = 4.18
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Hewlett Packard Enterprise Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Total Asset Turnover
Hewlett Packard Enterprise Co., total asset turnover calculation, comparison to benchmarks
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net revenue | 29,135) | 28,496) | 27,784) | 26,982) | 29,135) | 30,852) | |
| Total assets | 57,153) | 57,123) | 57,699) | 54,015) | 51,803) | 55,493) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.51 | 0.50 | 0.48 | 0.50 | 0.56 | 0.56 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Apple Inc. | 1.09 | 1.12 | 1.04 | 0.85 | 0.77 | 0.73 | |
| Arista Networks Inc. | 0.59 | 0.65 | 0.51 | 0.49 | 0.58 | — | |
| Cisco Systems Inc. | 0.56 | 0.55 | 0.51 | 0.52 | 0.53 | — | |
| Super Micro Computer Inc. | 1.94 | 1.62 | 1.59 | 1.74 | 2.08 | 1.90 | |
| Total Asset Turnover, Sector | |||||||
| Technology Hardware & Equipment | 0.97 | 1.00 | 0.92 | 0.77 | 0.72 | — | |
| Total Asset Turnover, Industry | |||||||
| Information Technology | 0.59 | 0.63 | 0.61 | 0.57 | 0.58 | — | |
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).
1 2023 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 29,135 ÷ 57,153 = 0.51
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Hewlett Packard Enterprise Co. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Equity Turnover
Hewlett Packard Enterprise Co., equity turnover calculation, comparison to benchmarks
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | Oct 31, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net revenue | 29,135) | 28,496) | 27,784) | 26,982) | 29,135) | 30,852) | |
| Total HPE stockholders’ equity | 21,182) | 19,864) | 19,971) | 16,049) | 17,098) | 21,239) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 1.38 | 1.43 | 1.39 | 1.68 | 1.70 | 1.45 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Apple Inc. | 6.17 | 7.78 | 5.80 | 4.20 | 2.88 | 2.48 | |
| Arista Networks Inc. | 0.81 | 0.90 | 0.74 | 0.70 | 0.83 | — | |
| Cisco Systems Inc. | 1.29 | 1.30 | 1.21 | 1.30 | 1.55 | — | |
| Super Micro Computer Inc. | 3.61 | 3.64 | 3.25 | 3.13 | 3.72 | 3.98 | |
| Equity Turnover, Sector | |||||||
| Technology Hardware & Equipment | 3.92 | 4.71 | 3.86 | 3.06 | 2.49 | — | |
| Equity Turnover, Industry | |||||||
| Information Technology | 1.44 | 1.60 | 1.66 | 1.64 | 1.65 | — | |
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).
1 2023 Calculation
Equity turnover = Net revenue ÷ Total HPE stockholders’ equity
= 29,135 ÷ 21,182 = 1.38
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Hewlett Packard Enterprise Co. equity turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |