Boot Barn Holdings Inc (BOOT)
Total 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 |
| Total assets | US$ in thousands | 1,705,590 | 1,517,380 | 1,199,860 | 933,581 | 924,711 |
| Total asset turnover | 0.98 | 1.09 | 1.24 | 0.96 | 0.91 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,665,680K ÷ $1,705,590K
= 0.98
Boot Barn Holdings Inc's total asset turnover has fluctuated over the past five years. The ratio was 0.98 in 2024, indicating that the company generated $0.98 in sales for every $1 of assets during that period. This represents a decline from the previous year when the total asset turnover was 1.09.
In 2022, the total asset turnover was relatively higher at 1.24, suggesting that the company was more efficient in generating sales from its assets. However, this ratio dropped to 0.96 in 2021 and further to 0.91 in 2020, indicating a decrease in asset utilization efficiency in those years.
Overall, the decreasing trend in total asset turnover over the five-year period suggests a potential inefficiency in utilizing assets to generate sales. It would be advisable for Boot Barn Holdings Inc to closely examine its asset management strategies to improve efficiency and maximize returns.
Peer comparison
Mar 31, 2024