Burlington Stores Inc (BURL)
Fixed asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,727,470 | 8,702,600 | 9,322,260 | 5,763,980 | 7,286,400 |
| Property, plant and equipment | US$ in thousands | 1,880,320 | 1,668,000 | 1,552,240 | 1,438,860 | 1,403,170 |
| Fixed asset turnover | 5.17 | 5.22 | 6.01 | 4.01 | 5.19 |
February 3, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,727,470K ÷ $1,880,320K
= 5.17
Burlington Stores Inc has shown a consistent trend in the fixed asset turnover ratio over the past five years. The ratio has fluctuated between 4.01 to 6.01 times during this period. A higher fixed asset turnover ratio indicates that the company is generating more revenue relative to its investment in fixed assets.
In 2022, Burlington Stores Inc achieved the highest fixed asset turnover of 6.01, suggesting that the company effectively utilized its fixed assets to generate sales. This may indicate efficient operations, strong asset management, or effective pricing strategies.
However, in 2021, the fixed asset turnover ratio decreased to 4.01, indicating a lower level of revenue generated per dollar invested in fixed assets compared to the previous year. This decline may raise concerns about the company's asset utilization efficiency during that period.
Overall, Burlington Stores Inc has maintained a relatively high fixed asset turnover ratio over the years, which could indicate efficient operations and effective management of its fixed assets. It would be important to monitor future trends in this ratio to assess the company's ongoing operational efficiency and financial performance.
Peer comparison
Feb 3, 2024