Abercrombie & Fitch Company (ANF)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,280,680 | 3,697,750 | 3,712,770 | 3,125,380 | 3,623,070 |
| Total assets | US$ in thousands | 2,974,230 | 2,713,100 | 2,939,490 | 3,314,900 | 3,549,660 |
| Total asset turnover | 1.44 | 1.36 | 1.26 | 0.94 | 1.02 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,280,680K ÷ $2,974,230K
= 1.44
The total asset turnover ratio for Abercrombie & Fitch Company has shown an increasing trend over the past five years. In the most recent fiscal year ending on February 3, 2024, the company achieved a total asset turnover ratio of 1.44, indicating that the company generated $1.44 in sales for every $1 of total assets. This signifies an improvement in the efficiency of asset utilization compared to the previous years.
The upward trend in total asset turnover suggests that Abercrombie & Fitch has been more effective in generating revenue relative to its total asset base. This could be attributed to better inventory management, effective utilization of fixed assets, or an improvement in sales efficiency. The company's ability to generate more sales from its assets is a positive indication of operational efficiency and may lead to higher profitability and return on investment in the future.
Overall, Abercrombie & Fitch's increasing total asset turnover ratio reflects positively on the company's management of its assets and its ability to generate sales from its asset base in a more efficient manner over the years.
Peer comparison
Feb 3, 2024