Hims Asset Turnover vs Total Assets Analysis

HIMS Stock

USD 30.68 0.67 2.14%

Hims Hers financial indicator trend analysis is much more than just examining Hims Hers Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hims Hers Health is a good investment. Please check the relationship between Hims Hers Asset Turnover and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Asset Turnover vs Total Assets

Asset Turnover vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hims Hers Health Asset Turnover account and Total Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Hims Hers' Asset Turnover and Total Assets is 0.69. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Assets in the same time period over historical financial statements of Hims Hers Health, assuming nothing else is changed. The correlation between historical values of Hims Hers' Asset Turnover and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Hims Hers Health are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Asset Turnover i.e., Hims Hers' Asset Turnover and Total Assets go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

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Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Total Assets

Total assets refers to the total amount of Hims Hers assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hims Hers Health books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Hims Hers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hims Hers Health current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Hims Hers' Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 1.9 B in 2024, whereas Selling General Administrative is likely to drop slightly above 117.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	204.5M	408.7M	714.9M	750.7M
Total Revenue	271.9M	526.9M	872M	915.6M

Gross Profit Total Revenue

Hims Hers fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total
Other Current Liab		0.9	0.76	-0.72	0.54	0.78	0.75	0.67	0.56	0.72	0.88	0.85	0.72	0.8	-0.49	0.53	0.66	-0.82	0.87	0.81	0.09	0.9	-0.79	0.79	0.87	-0.77
Total Current Liabilities	0.9		0.91	-0.81	0.84	0.52	0.87	0.87	0.73	0.89	0.92	0.94	0.83	0.9	-0.4	0.69	0.77	-0.9	0.98	0.94	0.26	0.93	-0.9	0.92	0.87	-0.9
Net Tangible Assets	0.76	0.91		-0.89	0.84	0.41	0.92	0.9	0.73	1.0	0.9	0.95	0.77	0.98	-0.42	0.73	0.79	-0.91	0.89	0.95	0.32	0.92	-0.98	0.95	0.9	-0.99
Retained Earnings	-0.72	-0.81	-0.89		-0.79	-0.29	-0.96	-0.91	-0.88	-0.9	-0.93	-0.93	-0.9	-0.96	0.68	-0.8	-0.84	0.91	-0.87	-0.93	0.0	-0.91	0.95	-0.94	-0.89	0.9
Accounts Payable	0.54	0.84	0.84	-0.79		0.05	0.82	0.94	0.85	0.86	0.79	0.85	0.81	0.83	-0.32	0.72	0.72	-0.78	0.86	0.88	0.27	0.77	-0.83	0.88	0.69	-0.84
Other Assets	0.78	0.52	0.41	-0.29	0.05		0.24	0.25	0.11	0.34	0.55	0.5	0.25	0.42	-0.3	-0.09	0.09	-0.33	0.41	0.45	0.02	0.59	-0.43	0.44	0.65	-0.41
Net Receivables	0.75	0.87	0.92	-0.96	0.82	0.24		0.87	0.81	0.93	0.88	0.91	0.88	0.95	-0.57	0.91	0.95	-0.98	0.92	0.91	0.13	0.89	-0.94	0.9	0.84	-0.92
Inventory	0.67	0.87	0.9	-0.91	0.94	0.25	0.87		0.9	0.91	0.92	0.95	0.86	0.93	-0.47	0.67	0.7	-0.82	0.88	0.97	0.19	0.89	-0.94	0.97	0.85	-0.92
Other Current Assets	0.56	0.73	0.73	-0.88	0.85	0.11	0.81	0.9		0.75	0.86	0.85	0.96	0.8	-0.74	0.7	0.72	-0.79	0.83	0.85	-0.24	0.82	-0.8	0.86	0.78	-0.72
Other Stockholder Equity	0.72	0.89	1.0	-0.9	0.86	0.34	0.93	0.91	0.75		0.88	0.93	0.77	0.98	-0.41	0.75	0.8	-0.9	0.88	0.95	0.33	0.9	-0.98	0.95	0.88	-0.99
Total Current Assets	0.88	0.92	0.9	-0.93	0.79	0.55	0.88	0.92	0.86	0.88		0.99	0.91	0.95	-0.66	0.64	0.73	-0.89	0.94	0.97	0.0	0.99	-0.95	0.97	0.97	-0.9
Total Assets	0.85	0.94	0.95	-0.93	0.85	0.5	0.91	0.95	0.85	0.93	0.99		0.89	0.97	-0.59	0.68	0.76	-0.91	0.95	0.99	0.1	0.99	-0.98	0.99	0.97	-0.95
Short Long Term Debt Total	0.72	0.83	0.77	-0.9	0.81	0.25	0.88	0.86	0.96	0.77	0.91	0.89		0.84	-0.77	0.79	0.84	-0.9	0.92	0.87	-0.23	0.89	-0.83	0.87	0.83	-0.75
Total Stockholder Equity	0.8	0.9	0.98	-0.96	0.83	0.42	0.95	0.93	0.8	0.98	0.95	0.97	0.84		-0.54	0.75	0.81	-0.93	0.91	0.97	0.2	0.96	-1.0	0.98	0.94	-0.98
Other Liab	-0.49	-0.4	-0.42	0.68	-0.32	-0.3	-0.57	-0.47	-0.74	-0.41	-0.66	-0.59	-0.77	-0.54		-0.48	-0.54	0.59	-0.54	-0.52	0.71	-0.64	0.53	-0.54	-0.67	0.38
Property Plant And Equipment Net	0.53	0.69	0.73	-0.8	0.72	-0.09	0.91	0.67	0.7	0.75	0.64	0.68	0.79	0.75	-0.48		0.98	-0.9	0.79	0.68	0.08	0.66	-0.72	0.66	0.56	-0.7
Current Deferred Revenue	0.66	0.77	0.79	-0.84	0.72	0.09	0.95	0.7	0.72	0.8	0.73	0.76	0.84	0.81	-0.54	0.98		-0.96	0.86	0.75	0.07	0.76	-0.79	0.73	0.67	-0.76
Net Debt	-0.82	-0.9	-0.91	0.91	-0.78	-0.33	-0.98	-0.82	-0.79	-0.9	-0.89	-0.91	-0.9	-0.93	0.59	-0.9	-0.96		-0.95	-0.89	-0.09	-0.91	0.91	-0.88	-0.85	0.88
Cash	0.87	0.98	0.89	-0.87	0.86	0.41	0.92	0.88	0.83	0.88	0.94	0.95	0.92	0.91	-0.54	0.79	0.86	-0.95		0.94	0.11	0.94	-0.9	0.92	0.87	-0.87
Non Current Assets Total	0.81	0.94	0.95	-0.93	0.88	0.45	0.91	0.97	0.85	0.95	0.97	0.99	0.87	0.97	-0.52	0.68	0.75	-0.89	0.94		0.17	0.97	-0.98	1.0	0.94	-0.96
Non Currrent Assets Other	0.09	0.26	0.32	0.0	0.27	0.02	0.13	0.19	-0.24	0.33	0.0	0.1	-0.23	0.2	0.71	0.08	0.07	-0.09	0.11	0.17		0.03	-0.21	0.15	0.0	-0.37
Cash And Short Term Investments	0.9	0.93	0.92	-0.91	0.77	0.59	0.89	0.89	0.82	0.9	0.99	0.99	0.89	0.96	-0.64	0.66	0.76	-0.91	0.94	0.97	0.03		-0.96	0.97	0.99	-0.92
Common Stock Total Equity	-0.79	-0.9	-0.98	0.95	-0.83	-0.43	-0.94	-0.94	-0.8	-0.98	-0.95	-0.98	-0.83	-1.0	0.53	-0.72	-0.79	0.91	-0.9	-0.98	-0.21	-0.96		-0.98	-0.94	0.99
Common Stock Shares Outstanding	0.79	0.92	0.95	-0.94	0.88	0.44	0.9	0.97	0.86	0.95	0.97	0.99	0.87	0.98	-0.54	0.66	0.73	-0.88	0.92	1.0	0.15	0.97	-0.98		0.95	-0.96
Short Term Investments	0.87	0.87	0.9	-0.89	0.69	0.65	0.84	0.85	0.78	0.88	0.97	0.97	0.83	0.94	-0.67	0.56	0.67	-0.85	0.87	0.94	0.0	0.99	-0.94	0.95		-0.9
Non Current Liabilities Total	-0.77	-0.9	-0.99	0.9	-0.84	-0.41	-0.92	-0.92	-0.72	-0.99	-0.9	-0.95	-0.75	-0.98	0.38	-0.7	-0.76	0.88	-0.87	-0.96	-0.37	-0.92	0.99	-0.96	-0.9

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Hims Hers Account Relationship Matchups

Hims Hers fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	11.1M	5.2M	52.7M	8.2M	33.1M	20.4M
Total Current Liabilities	20.6M	15.2M	79.2M	47.9M	88.5M	50.5M
Net Tangible Assets	(141.1M)	(149.8M)	197.8M	170.8M	196.4M	206.3M
Retained Earnings	(153.2M)	(171.3M)	(279.0M)	(344.6M)	(368.2M)	(386.6M)
Accounts Payable	7.2M	8.1M	19.6M	32.4M	43.1M	22.7M
Other Assets	963K	1.0M	8.8M	888K	1.0	0.95
Net Receivables	859K	750K	3.6M	3.2M	5.7M	6.0M
Inventory	4.2M	3.5M	13.6M	21.6M	22.5M	12.7M
Other Current Assets	480K	8.6M	5.5M	12.2M	15.9M	8.0M
Other Stockholder Equity	(173.4M)	(225.5M)	613.7M	656.6M	712.3M	747.9M
Total Current Assets	69.6M	113.1M	269.9M	216.6M	265.1M	180.0M

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