BJs Wholesale Club Holdings Inc (BJ)

Fixed asset turnover

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Revenue	US$ in thousands	19,908,500	19,276,000	16,612,200	15,430,000	13,190,700
Property, plant and equipment	US$ in thousands	1,578,790	1,337,030	942,331	797,789	760,208
Fixed asset turnover		12.61	14.42	17.63	19.34	17.35

February 3, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $19,908,500K ÷ $1,578,790K
= 12.61

BJs Wholesale Club Holdings Inc has shown a decreasing trend in its fixed asset turnover ratio over the last five years. The ratio has declined from 17.35 in 2020 to 12.61 in 2024. This indicates that the company is generating less revenue from its fixed assets over time. A lower fixed asset turnover ratio may suggest inefficiency in asset utilization or a decrease in sales relative to the investment in fixed assets. Further analysis of the company's operations and strategies is warranted to understand the reasons behind this decline and to evaluate the impact on its overall financial performance.