Buckle Inc (BKE)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Revenue (ttm)	US$ in thousands	1,217,689	1,220,873	1,309,638	1,330,703	1,371,680	1,281,725	1,191,770	1,171,147	1,150,524	1,259,902	1,369,280	1,418,787	1,468,294	1,368,464	1,268,634	1,245,357	1,293,946	1,372,900	1,390,356	1,400,724
Property, plant and equipment	US$ in thousands	—	—	—	—	128,837	—	377,486	124,068	371,238	119,260	116,061	116,061	383,823	112,402	383,823	109,613	345,760	106,433	341,067	349,072
Fixed asset turnover		—	—	—	—	10.65	—	3.16	9.44	3.10	10.56	11.80	12.22	3.83	12.17	3.31	11.36	3.74	12.90	4.08	4.01

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,217,689K ÷ $—K
= —

The fixed asset turnover ratio for Buckle Inc showcases the efficiency of the company in generating sales revenue relative to its investment in fixed assets. Looking at the historical data provided, we observe fluctuating trends in the fixed asset turnover ratio over the periods reported.

- In the first half of 2022, the company's fixed asset turnover improved steadily from 4.01 in January to 4.08 in April, indicating an efficient utilization of fixed assets to generate revenue.
- However, there was a significant spike in July 2022, with the ratio jumping to 12.90, which could be attributed to a surge in sales relative to the fixed assets employed during that period.
- Subsequently, there was a decline in the ratio to 3.74 in July, followed by fluctuations around this lower range until the end of 2023. These lower values may suggest a decrease in sales generated per dollar invested in fixed assets during this period.
- In early 2024, there was a slight recovery in the fixed asset turnover ratio to 10.65 in February, hinting at improved efficiency in asset utilization.
- Notably, for the periods after April 2024, the fixed asset turnover data is missing, hindering a more comprehensive analysis of the company's recent performance in this aspect.

Overall, analyzing Buckle Inc's fixed asset turnover provides insights into the company's ability to generate sales from its fixed asset base. The fluctuating trends observed in the ratio reflect varying efficiency levels in asset utilization over the periods reported, which can be indicative of changing business conditions and operational factors impacting the company's performance.