Abercrombie & Fitch Company (ANF)
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 | May 1, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,280,679 | 4,027,579 | 3,851,233 | 3,720,979 | 3,697,747 | 3,659,287 | 3,684,363 | 3,744,122 | 3,712,765 | 3,673,455 | 3,587,948 | 3,421,426 | 3,125,380 | 3,187,890 | 3,231,709 | 3,374,459 | 3,623,072 | 3,299,716 | 3,278,658 | 3,168,479 |
| Total assets | US$ in thousands | 2,974,230 | 2,897,650 | 2,796,710 | 2,558,080 | 2,713,100 | 2,693,990 | 2,734,090 | 2,607,300 | 2,939,490 | 3,112,530 | 3,055,390 | 3,070,550 | 3,314,900 | 3,276,960 | 3,308,810 | 3,291,830 | 3,549,660 | 3,486,000 | 3,407,000 | 3,422,970 |
| Total asset turnover | 1.44 | 1.39 | 1.38 | 1.45 | 1.36 | 1.36 | 1.35 | 1.44 | 1.26 | 1.18 | 1.17 | 1.11 | 0.94 | 0.97 | 0.98 | 1.03 | 1.02 | 0.95 | 0.96 | 0.93 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,280,679K ÷ $2,974,230K
= 1.44
The total asset turnover ratio for Abercrombie & Fitch Company has shown some fluctuations over the past several quarters. The ratio measures how efficiently the company is using its assets to generate revenue. A higher total asset turnover ratio indicates better efficiency in asset utilization.
Looking at the trend, there is a general upward trend from the third quarter of 2021 to the first quarter of 2022, with the ratio peaking at 1.44. This suggests that the company was able to generate $1.44 in revenue for every $1 of assets during that period, reflecting improved asset utilization.
However, there was a slight decline in the total asset turnover ratio in the subsequent quarters, before picking up again in the fourth quarter of 2022. The ratio remained relatively stable around 1.35 to 1.45 from the fourth quarter of 2022 to the first quarter of 2023.
It is important to note that the total asset turnover ratio dropped significantly in the second quarter of 2023 to 1.18, and then further decreased to 0.93 in the second quarter of 2019. This indicates a potential decrease in efficiency in utilizing assets to generate revenue during those periods.
Overall, Abercrombie & Fitch Company's total asset turnover ratio has shown some variability over the quarters, with periods of improvement and decline. Further analysis would be needed to understand the factors contributing to these fluctuations and to assess the company's overall asset management efficiency.
Peer comparison
Feb 3, 2024