Academy Sports Outdoors Inc (ASO)
Fixed asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,112,570 | 6,347,110 | 6,722,420 | 5,607,060 |
| Property, plant and equipment | US$ in thousands | 445,209 | 351,424 | 345,836 | 378,260 |
| Fixed asset turnover | 13.73 | 18.06 | 19.44 | 14.82 |
February 3, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,112,570K ÷ $445,209K
= 13.73
The fixed asset turnover ratio for Academy Sports Outdoors Inc has shown a general decreasing trend over the past four years, standing at 13.73 in February 3, 2024, compared to 18.06 in January 28, 2023, 19.44 in January 29, 2022, and 14.82 in January 30, 2021. This indicates that the company generated $13.73 in revenue for every dollar invested in fixed assets in 2024.
The decreasing trend in fixed asset turnover could suggest that the company is becoming less efficient in utilizing its fixed assets to generate sales. It may also indicate that the company is increasing its investment in fixed assets at a faster rate than its revenue growth, resulting in a lower turnover ratio.
It would be important for Academy Sports Outdoors Inc to evaluate its capital expenditure decisions and implement strategies to improve the efficiency of its fixed asset utilization to drive revenue growth and profitability in the future.
Peer comparison
Feb 3, 2024