Buckle Inc (BKE)

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	1,261,102	1,280,525	1,309,409	1,318,957	1,345,187	1,324,311	1,311,402	1,304,546	1,294,607	1,232,512	1,164,085	1,084,990	901,278	853,446	826,562	814,354	900,254	893,663	884,649	881,912
Total assets	US$ in thousands	889,810	921,207	861,547	848,860	837,579	884,147	809,064	789,034	780,884	993,830	932,685	916,207	845,814	897,879	855,823	801,650	867,890	898,115	872,433	880,365
Total asset turnover		1.42	1.39	1.52	1.55	1.61	1.50	1.62	1.65	1.66	1.24	1.25	1.18	1.07	0.95	0.97	1.02	1.04	1.00	1.01	1.00

February 3, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,261,102K ÷ $889,810K
= 1.42

The total asset turnover ratio for Buckle Inc has shown some fluctuations over the past few quarters. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio generally signifies better efficiency in asset utilization.

Based on the trend analysis of the total asset turnover ratio, we observe that the ratio has generally been above 1, indicating that Buckle Inc is generating more in sales than the value of its assets. The ratios ranged from a low of 0.95 to a high of 1.66 over the past few quarters.

In recent quarters, the total asset turnover ratio has shown some fluctuations, with values ranging between 1.24 and 1.66. The highest ratio of 1.66 was recorded in the quarter ending January 29, 2022, indicating a strong performance in asset utilization during that period.

Overall, the trend in the total asset turnover ratio suggests that Buckle Inc has been fairly efficient in generating sales revenue in relation to its total assets. However, it is essential to continue monitoring the ratio to ensure that the company maintains its efficiency in utilizing its assets effectively to drive revenue growth.