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