Academy Sports Outdoors Inc (ASO)
Total 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 |
| Total assets | US$ in thousands | 4,676,710 | 4,595,440 | 4,584,940 | 4,384,480 |
| Total asset turnover | 1.31 | 1.38 | 1.47 | 1.28 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,112,570K ÷ $4,676,710K
= 1.31
The total asset turnover ratio of Academy Sports Outdoors Inc has shown a decreasing trend over the past four years. The ratio stood at 1.28 in January 2021 and increased to 1.47 by January 2022, showcasing improved efficiency in generating sales relative to the total assets. However, in the subsequent years, the total asset turnover ratio declined to 1.38 in January 2023 and further dropped to 1.31 by February 2024. This may indicate that the company's ability to utilize its assets to generate revenue has slightly decreased in recent years. Overall, while there were fluctuations, the total asset turnover ratio remains at levels that suggest reasonable efficiency in asset utilization for revenue generation.
Peer comparison
Feb 3, 2024