Boot Barn Holdings Inc (BOOT)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,665,680 | 1,656,570 | 1,487,310 | 893,404 | 845,158 |
| Property, plant and equipment | US$ in thousands | 323,667 | 257,143 | 155,247 | 110,444 | 109,603 |
| Fixed asset turnover | 5.15 | 6.44 | 9.58 | 8.09 | 7.71 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,665,680K ÷ $323,667K
= 5.15
Boot Barn Holdings Inc's fixed asset turnover has fluctuated over the past five years. The trend shows a decrease from 9.58 in 2022 to 5.15 in 2024. This indicates that the company generated $5.15 in sales for every dollar of fixed assets in 2024. While the current ratio is lower compared to previous years, it is still relatively high, suggesting that Boot Barn is efficient in utilizing its fixed assets to generate sales. However, the declining trend warrants further investigation to understand the reasons behind the decrease in fixed asset turnover and to assess the company's asset utilization efficiency.
Peer comparison
Mar 31, 2024