Best Buy Co. Inc (BBY)
Total asset turnover
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | Aug 1, 2020 | May 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 41,528,000 | 42,226,000 | 42,537,000 | 42,832,000 | 43,452,000 | 43,541,000 | 44,372,000 | 45,118,000 | 46,298,000 | 47,928,000 | 49,251,000 | 50,771,000 | 51,761,000 | 52,333,000 | 52,276,000 | 50,337,000 | 47,262,000 | 45,521,000 | 43,432,000 | 43,058,000 |
| Total assets | US$ in thousands | 14,782,000 | 17,018,000 | 15,624,000 | 14,752,000 | 14,967,000 | 16,882,000 | 15,318,000 | 14,688,000 | 15,803,000 | 17,021,000 | 15,419,000 | 15,251,000 | 17,504,000 | 20,102,000 | 18,579,000 | 17,705,000 | 19,067,000 | 21,202,000 | 17,412,000 | 15,605,000 |
| Total asset turnover | 2.81 | 2.48 | 2.72 | 2.90 | 2.90 | 2.58 | 2.90 | 3.07 | 2.93 | 2.82 | 3.19 | 3.33 | 2.96 | 2.60 | 2.81 | 2.84 | 2.48 | 2.15 | 2.49 | 2.76 |
February 1, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $41,528,000K ÷ $14,782,000K
= 2.81
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. Best Buy Co. Inc's total asset turnover has fluctuated over the stated periods, ranging from 2.15 to 3.33. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate sales.
From May 2, 2020, to February 1, 2025, Best Buy's total asset turnover has shown a general increasing trend, with a peak of 3.33 on April 30, 2022. This indicates that the company has been able to generate more sales revenue for each dollar of assets it owns during this period.
However, there have been fluctuations in the ratio, with some quarters showing a decrease in total asset turnover. For example, on October 30, 2021, the total asset turnover was 2.60, before increasing to 2.96 on January 29, 2022.
Overall, the trend in total asset turnover suggests that Best Buy Co. Inc has been effectively managing its assets to generate sales revenue, though periodic fluctuations should be further analyzed to understand the underlying factors affecting the company's asset efficiency.