Academy Sports Outdoors Inc (ASO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |||
| Total assets | US$ in thousands | 4,676,710 | 4,921,270 | 4,675,420 | 4,641,930 | 4,595,440 | 4,782,460 | 4,653,970 | 4,719,160 | 4,584,940 | 4,676,000 | 4,634,030 | 4,657,310 | 4,384,480 | 4,981,920 |
| Total asset turnover | 1.31 | 1.23 | 1.32 | 1.35 | 1.38 | 1.34 | 1.40 | 1.40 | 1.47 | 1.40 | 1.35 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,125,820K ÷ $4,676,710K
= 1.31
The total asset turnover ratio for Academy Sports Outdoors Inc has shown some fluctuations over the past 14 quarters. The ratio has ranged from a low of 1.23 to a high of 1.47, indicating varying levels of efficiency in generating sales from the company's total assets during each period. Generally, a higher total asset turnover ratio suggests that the company is effectively utilizing its assets to generate sales revenue.
Academy Sports Outdoors Inc experienced a peak total asset turnover ratio of 1.47 in the first quarter of 2022, indicating that the company generated $1.47 in sales for every dollar of total assets it had during that period. This high ratio suggests that the company efficiently deployed its assets to drive revenue.
On the other hand, the lowest total asset turnover ratio of 1.23 was observed in the second quarter of 2023. This lower ratio indicates that the company's asset utilization efficiency was relatively weaker during that period compared to others.
Overall, the company's total asset turnover ratios have shown some variability, which could be influenced by factors such as changes in sales volume, asset levels, or operational efficiency. It is important for the company to closely monitor this ratio to ensure optimal utilization of its assets in generating sales.
Peer comparison
Feb 3, 2024