Buckle Inc (BKE)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,261,100 | 1,345,190 | 1,294,610 | 901,278 | 900,254 |
| Total assets | US$ in thousands | 889,810 | 837,579 | 780,884 | 845,814 | 867,890 |
| Total asset turnover | 1.42 | 1.61 | 1.66 | 1.07 | 1.04 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,261,100K ÷ $889,810K
= 1.42
Total asset turnover measures how efficiently a company is utilizing its assets to generate sales revenue. A higher total asset turnover ratio indicates better asset utilization. Buckle Inc's total asset turnover has fluctuated over the past five years, ranging from 1.04 to 1.66.
In 2022, the total asset turnover ratio was 1.66, showing that Buckle Inc generated $1.66 in sales for every $1 of assets. This suggests efficient asset management. However, the ratio declined in 2023 and 2024 to 1.61 and 1.42, respectively, indicating a slight decrease in asset efficiency.
Overall, Buckle Inc has maintained relatively healthy total asset turnover ratios, indicating reasonable asset utilization levels. It may be worth monitoring any trends in the ratio to ensure continued optimal asset management.
Peer comparison
Feb 3, 2024