High Tide (HITI) Asset Utilization Ratio (2022 - 2026)
High Tide (HITI) posted quarterly Asset Utilization Ratio of 1.88 for Q2 2026, down 20.52% year-over-year from 2.37 in Q2 2025, and up 6.4% quarter-over-quarter from 1.77 in Q1 2026.
High Tide (HITI) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
High Tide (HITI) has reported Asset Utilization Ratio for 5 consecutive years, with 1.88 the latest figure, recorded in Q2 2026.
- In Q2 2026, Asset Utilization Ratio fell 20.52% year-over-year to 1.88; the TTM figure through Apr 2026 stood at 1.88 (down 20.52% YoY), while the FY2025 annual figure was 1.98, down 8.65% from the prior year.
- Asset Utilization Ratio advanced to 1.88 in Q2 2026 per HITI's latest filing, from 1.77 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 2.37 in Q2 2025 and bottomed at 0.71 in Q1 2022.
- Historically, Asset Utilization Ratio has averaged 1.71 across 5 years, with a median of 1.83 in 2026.
- Annual changes were most pronounced in 2023 — Asset Utilization Ratio surged 98.12% — and 2026, when it dropped 20.95%.
- High Tide's Asset Utilization Ratio stood at 0.84 in 2022, then jumped by 89.59% to 1.6 in 2023, then jumped by 34.91% to 2.15 in 2024, then climbed by 10.06% to 2.37 in 2025, then declined by 20.52% to 1.88 in 2026.
- Business Quant data shows HITI's Asset Utilization Ratio at 1.88 in Q2 2026, 1.77 in Q1 2026, and 2.37 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 215.72 Mn | 182.44 Mn | 35.30 Mn | 1.88 |
| 2 | BioScience Health Innovations | 58.76 Mn | 58.05 Mn | 659,483.00 | 2.01 |
| 3 | Petmed Express | 38.29 Mn | 25.19 Mn | 11.33 Mn | 2.33 |
| 4 | Scienture Holdings | 17.81 Mn | 17.81 Mn | 335,779.00 | 0.00 |
| 5 | Polomar Health Services | 8.48 Mn | 8.31 Mn | 935,916.00 | 4.77 |
| 6 | Ridgetech | 58,214.34 | -17.85 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 1.88 |
| Jan 31, 2026 | 1.77 |
| Apr 30, 2025 | 2.37 |
| Jan 31, 2025 | 2.24 |
| Apr 30, 2024 | 2.15 |
| Jan 31, 2024 | 2.14 |
| Apr 30, 2023 | 1.60 |
| Jan 31, 2023 | 1.42 |
| Apr 30, 2022 | 0.84 |
| Jan 31, 2022 | 0.71 |