Academy Sports Outdoors Inc (ASO)
Fixed 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,125,820 | 6,077,490 | 6,172,400 | 6,276,400 | 6,360,830 | 6,422,800 | 6,522,410 | 6,623,780 | 6,747,300 | 6,532,020 | 6,277,440 | |||
| Property, plant and equipment | US$ in thousands | 445,209 | 429,648 | 404,967 | 365,024 | 351,424 | 354,014 | 350,628 | 339,529 | 345,836 | 358,110 | 362,784 | 366,005 | 378,260 | 382,620 |
| Fixed asset turnover | 13.76 | 14.15 | 15.24 | 17.19 | 18.10 | 18.14 | 18.60 | 19.51 | 19.51 | 18.24 | 17.30 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,125,820K ÷ $445,209K
= 13.76
The fixed asset turnover ratio for Academy Sports Outdoors Inc has shown a generally increasing trend over the past several quarters, indicating a more efficient use of fixed assets in generating sales. The ratio has consistently stayed above 13, with values as high as 19.51 in recent quarters. This suggests that the company is effectively utilizing its fixed assets to generate revenue.
The continuous increase in the fixed asset turnover ratio indicates that Academy Sports Outdoors Inc has been able to generate more sales relative to its investment in fixed assets. A higher fixed asset turnover ratio is typically seen as a positive sign of efficiency and productivity within the company's operations.
Overall, the trend in the fixed asset turnover ratio for Academy Sports Outdoors Inc reflects efficient deployment and utilization of fixed assets to generate revenue, which is a positive indicator of the company's operational performance.
Peer comparison
Feb 3, 2024