American Eagle Outfitters Inc (AEO)

Total asset turnover

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019	Feb 2, 2019
Revenue (ttm)	US$ in thousands	5,261,780	5,139,060	5,078,580	5,015,720	4,989,830	4,941,580	4,975,080	5,031,220	5,268,470	4,792,150	4,401,580	3,759,112	3,781,452	3,816,242	3,973,612	4,308,210	4,237,780	4,175,080	4,099,053	4,035,724
Total assets	US$ in thousands	3,557,910	3,520,790	3,431,910	3,373,890	3,420,960	3,672,480	3,629,220	3,701,520	3,786,640	3,750,020	3,495,020	3,434,810	3,498,220	3,627,980	3,630,110	3,328,680	3,452,250	3,359,160	3,255,350	1,903,380
Total asset turnover		1.48	1.46	1.48	1.49	1.46	1.35	1.37	1.36	1.39	1.28	1.26	1.09	1.08	1.05	1.09	1.29	1.23	1.24	1.26	2.12

February 3, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,261,780K ÷ $3,557,910K
= 1.48

The total asset turnover ratio for American Eagle Outfitters Inc has displayed some fluctuation over the past few quarters, ranging from a low of 1.05 to a high of 1.49. The ratio measures the company's ability to generate sales revenue from its total assets, indicating how efficiently the company is utilizing its assets to generate sales.

A higher total asset turnover ratio generally indicates that the company is more efficient in using its assets to generate revenue. In the case of American Eagle Outfitters Inc, the ratio has generally been above 1.0, suggesting that the company is effectively utilizing its assets to generate sales revenue.

It is important to note that the ratio is only one part of the overall financial analysis and should be considered alongside other performance indicators to get a comprehensive understanding of the company's financial health and efficiency.