Academy Sports Outdoors Inc (ASO)
Fixed asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,933,450 | 6,051,360 | 6,502,860 | 6,351,660 | 6,374,290 | 6,162,540 | 5,939,470 | 5,925,300 | 5,910,830 | 6,074,250 | 6,248,990 | 6,359,300 | 6,468,680 | 6,409,100 | 6,338,360 | 6,312,170 | 6,638,880 | 6,760,430 | 6,677,470 | 6,791,110 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 445,209 | — | — | 429,648 | 1,496,110 | 404,967 | 365,024 | 365,024 | 351,424 | 351,424 | 354,014 | 354,014 | 350,628 | 350,628 | 339,529 | 345,836 |
| Fixed asset turnover | — | — | — | — | 14.32 | — | — | 13.79 | 3.95 | 15.00 | 17.12 | 17.42 | 18.41 | 18.24 | 17.90 | 17.83 | 18.93 | 19.28 | 19.67 | 19.64 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,933,450K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its investment in fixed assets. A higher ratio indicates that the company is utilizing its fixed assets effectively to generate sales.
Based on the data provided for Academy Sports Outdoors Inc, we can observe fluctuations in the fixed asset turnover ratio over the reported periods:
- The fixed asset turnover ratio ranged between 19.64 and 19.67 in the first half of 2022, indicating that for every dollar invested in fixed assets, the company generated approximately $19.64 to $19.67 in sales.
- There was a slight decline in the ratio to 18.93 by July 31, 2022, suggesting a small decrease in efficiency in utilizing fixed assets to generate revenue.
- The ratio continued to decrease to 17.12 by April 30, 2023, indicating a notable decline in the efficiency of the company's fixed asset utilization.
- A significant drop to 3.95 by July 31, 2023, suggests a substantial decrease in the ability of Academy Sports Outdoors Inc to generate sales from its fixed assets.
- The ratio improved slightly to 14.32 by February 3, 2024, signaling a partial recovery in the efficiency of fixed asset utilization.
The decreasing trend in the fixed asset turnover ratio from 2022 to mid-2023 and subsequent incomplete data for later periods may raise concerns about the company's ability to effectively utilize its fixed assets to generate revenue. Further analysis and context regarding the company's operational and strategic changes would be necessary to fully understand the reasons behind these fluctuations in the fixed asset turnover ratio.
Peer comparison
Jan 31, 2025