Burlington Stores Inc (BURL)
Total 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 |
| Total assets | US$ in thousands | 7,706,840 | 7,269,600 | 7,089,510 | 6,781,090 | 5,593,860 |
| Total asset turnover | 1.26 | 1.20 | 1.31 | 0.85 | 1.30 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,727,470K ÷ $7,706,840K
= 1.26
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is utilizing its assets effectively to generate sales.
Based on the data provided for Burlington Stores Inc, the total asset turnover ratio has fluctuated over the past five years. In fiscal year 2024, the total asset turnover was 1.26, which increased from the previous year's ratio of 1.20 in fiscal year 2023. This suggests that Burlington Stores Inc improved its efficiency in utilizing its assets to generate sales revenue.
Comparing the total asset turnover ratios over the five-year period, it can be observed that the company had a peak total asset turnover ratio of 1.31 in fiscal year 2022, indicating a higher level of asset efficiency during that period. In contrast, the total asset turnover ratio was lower at 0.85 in fiscal year 2021, which could indicate a potential decrease in asset efficiency during that year.
Overall, the fluctuation in total asset turnover ratios for Burlington Stores Inc suggests varying levels of asset utilization efficiency over the past five years. Investors and analysts may consider further investigating the factors that contributed to these fluctuations to assess the company's operational performance and asset management strategies.
Peer comparison
Feb 3, 2024