BJs Wholesale Club Holdings Inc (BJ)
Total 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 |
| Total assets | US$ in thousands | 6,677,620 | 6,349,960 | 5,668,890 | 5,411,530 | 5,269,780 |
| Total asset turnover | 2.98 | 3.04 | 2.93 | 2.85 | 2.50 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $19,908,500K ÷ $6,677,620K
= 2.98
The total asset turnover ratio for BJs Wholesale Club Holdings Inc has been relatively stable over the past five years, ranging from 2.50 to 3.04. This ratio indicates the company's efficiency in generating sales revenue from its total assets.
A higher total asset turnover ratio is generally preferred as it suggests that the company is effectively utilizing its assets to generate sales. BJs Wholesale Club Holdings Inc's total asset turnover ratio has been above 2.5 in each of the years provided, indicating that the company is efficiently using its assets to generate sales revenue.
Overall, BJs Wholesale Club Holdings Inc's total asset turnover ratio shows a consistent and healthy trend, reflecting the company's ability to effectively generate sales revenue relative to its total assets over the past five years.
Peer comparison
Feb 3, 2024