Boot Barn Holdings Inc (BOOT)
Total asset turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,666,161 | 1,703,269 | 1,697,413 | 1,674,491 | 1,656,641 | 1,613,747 | 1,585,275 | 1,546,627 | 1,487,461 | 1,363,824 | 1,180,258 | 1,052,056 | 893,495 | 823,251 | 804,910 | 807,578 | 845,563 | 849,690 | 819,699 | 800,625 |
| Total assets | US$ in thousands | 1,705,590 | 1,673,500 | 1,578,210 | 1,506,470 | 1,517,380 | 1,512,450 | 1,485,940 | 1,321,220 | 1,199,860 | 1,187,980 | 1,037,420 | 950,495 | 933,581 | 892,172 | 864,306 | 903,453 | 924,711 | 876,835 | 862,818 | 810,601 |
| Total asset turnover | 0.98 | 1.02 | 1.08 | 1.11 | 1.09 | 1.07 | 1.07 | 1.17 | 1.24 | 1.15 | 1.14 | 1.11 | 0.96 | 0.92 | 0.93 | 0.89 | 0.91 | 0.97 | 0.95 | 0.99 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,666,161K ÷ $1,705,590K
= 0.98
Boot Barn Holdings Inc's total asset turnover ratio has fluctuated over the past few years, ranging from 0.89 to 1.24. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets.
The trend of the total asset turnover ratio for Boot Barn Holdings Inc shows some variability. It peaked at 1.24 in March 2022, indicating that the company was effectively utilizing its assets to generate sales during that period. However, the ratio gradually decreased in the following quarters before reaching a low of 0.89 in June 2020.
Overall, the company's total asset turnover ratio has shown some inconsistency, with fluctuations reflecting changes in the company's efficiency in utilizing its assets to generate revenue. Further analysis and comparison with industry benchmarks may provide more insights into Boot Barn Holdings Inc's asset utilization efficiency.
Peer comparison
Mar 31, 2024