Buckle Inc (BKE)
Total 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 |
| Total assets | US$ in thousands | 913,173 | 976,270 | 940,271 | 906,070 | 889,810 | 889,810 | 921,207 | 921,207 | 861,547 | 861,547 | 848,860 | 848,860 | 837,579 | 837,579 | 884,147 | 884,147 | 809,064 | 809,064 | 789,034 | 780,884 |
| Total asset turnover | 1.33 | 1.25 | 1.39 | 1.47 | 1.54 | 1.44 | 1.29 | 1.27 | 1.34 | 1.46 | 1.61 | 1.67 | 1.75 | 1.63 | 1.43 | 1.41 | 1.60 | 1.70 | 1.76 | 1.79 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,217,689K ÷ $913,173K
= 1.33
The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate revenue. From the data provided for Buckle Inc, we observe fluctuations in the total asset turnover ratio over time.
The company's total asset turnover ratio ranged from a high of 1.79 in January 2022 to a low of 1.25 in October 2024. This indicates that, on average, Buckle Inc generated $1.79 in sales for every $1 of total assets in January 2022, and this ratio decreased to $1.25 in October 2024.
A generally decreasing trend in the total asset turnover ratio may suggest that the company is becoming less efficient in generating sales from its assets over time. This could be due to various factors, such as inefficient asset utilization, changes in business operations, or increasing asset base without a proportionate increase in revenue.
It is important for Buckle Inc to closely monitor and analyze the factors affecting its total asset turnover ratio to identify opportunities for improvement in asset efficiency and overall performance. A declining total asset turnover ratio could indicate inefficiencies that need to be addressed to enhance the company's operational effectiveness and profitability.
Peer comparison
Jan 31, 2025