BJs Wholesale Club Holdings Inc (BJ)

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	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Revenue (ttm)	US$ in thousands	19,910,280	19,502,780	19,363,380	19,503,660	19,276,660	18,700,940	18,178,720	17,247,210	16,616,830	16,247,780	15,716,350	15,498,170	15,430,010	14,955,720	14,453,450	13,845,160	13,190,700	13,135,260	13,127,520	13,088,780
Total assets	US$ in thousands	6,677,620	6,837,240	6,603,900	6,494,500	6,349,960	6,478,900	6,387,240	6,010,000	5,668,890	5,710,240	5,347,600	5,449,210	5,411,530	5,482,280	5,294,020	5,328,070	5,269,780	5,478,080	5,152,090	5,226,720
Total asset turnover		2.98	2.85	2.93	3.00	3.04	2.89	2.85	2.87	2.93	2.85	2.94	2.84	2.85	2.73	2.73	2.60	2.50	2.40	2.55	2.50

February 3, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,910,280K ÷ $6,677,620K
= 2.98

The total asset turnover of BJs Wholesale Club Holdings Inc has shown relatively stable performance over the past few quarters, ranging between 2.50 and 3.04. This ratio indicates that for every dollar of total assets the company holds, it generates approximately between $2.50 and $3.04 in revenue.

The higher values of total asset turnover, such as 3.04 and 2.98, suggest that BJs Wholesale Club Holdings Inc has been efficiently utilizing its assets to generate sales revenue. This efficiency is a positive indicator of the company's operational effectiveness and profitability.

Although there have been fluctuations in the total asset turnover ratio over the quarters, the overall trend appears to be stable around an average of approximately 2.85. This indicates that BJs Wholesale Club Holdings Inc has been consistently effective in generating revenue relative to its total asset base.

In conclusion, the total asset turnover ratio analysis suggests that BJs Wholesale Club Holdings Inc has been successful in efficiently utilizing its assets to generate sales revenue, demonstrating operational efficiency and effectiveness in its business activities.