Bath & Body Works Inc. (BBWI)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,118,000 | 7,212,000 | 7,299,000 | 11,356,000 | 12,496,000 |
| Total assets | US$ in thousands | 5,463,000 | 5,494,000 | 6,026,000 | 11,571,000 | 10,125,000 |
| Total asset turnover | 1.30 | 1.31 | 1.21 | 0.98 | 1.23 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,118,000K ÷ $5,463,000K
= 1.30
Bath & Body Works Inc.'s total asset turnover has varied over the past five years, ranging from 0.98 to 1.31. The total asset turnover ratio measures how efficiently the company generates sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is generating more revenue from its assets.
In this case, the trend indicates that the company's efficiency in utilizing its assets to generate sales has generally improved from 2020 to 2023, with slight fluctuations. The peak in 2021 at 1.31 suggests that the company was particularly efficient in that year, generating $1.31 in sales for every $1 of assets. However, there was a dip in efficiency in 2022 with a total asset turnover of 1.21.
Overall, Bath & Body Works Inc. has shown a relatively healthy total asset turnover performance, indicating effective management of its assets to drive sales. Further analysis of the company's operational and financial strategies would provide deeper insights into the factors contributing to these fluctuations in total asset turnover over the years.
Peer comparison
Feb 3, 2024