Caleres Inc (CAL)
Fixed asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,815,640 | 2,966,830 | 2,776,770 | 2,114,280 | 2,919,760 |
| Property, plant and equipment | US$ in thousands | 167,583 | 160,883 | 150,238 | 172,437 | 224,846 |
| Fixed asset turnover | 16.80 | 18.44 | 18.48 | 12.26 | 12.99 |
February 3, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,815,640K ÷ $167,583K
= 16.80
Caleres Inc's fixed asset turnover has fluctuated over the past five years, ranging from 12.26 to 18.48. The ratio indicates how efficiently the company is using its fixed assets to generate revenue. A higher fixed asset turnover ratio signifies that the company is generating more revenue per dollar of fixed assets invested.
In 2024, the fixed asset turnover ratio decreased to 16.80 from 18.44 in 2023. This could indicate a decrease in sales relative to the investment in fixed assets. It may suggest that the company's fixed assets are not being utilized as efficiently to generate revenue compared to the previous year.
Despite the slight decrease in 2024, Caleres Inc's fixed asset turnover has generally been relatively high over the past five years, indicating solid efficiency in utilizing fixed assets to generate revenue. Investors and stakeholders may want to further investigate the reasons behind the fluctuations in the ratio to assess the company's asset management and operational efficiency.
Peer comparison
Feb 3, 2024