Caleres Inc (CAL)
Fixed asset turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,816,517 | 2,816,158 | 2,852,512 | 2,895,309 | 2,967,062 | 2,950,092 | 2,935,760 | 2,872,990 | 2,776,602 | 2,666,277 | 2,529,860 | 2,355,776 | 2,115,012 | 2,243,877 | 2,388,743 | 2,639,752 | 2,920,416 | 2,249,503 | 1,473,096 | 748,492 |
| Property, plant and equipment | US$ in thousands | 167,583 | 167,681 | 157,717 | 157,730 | 160,883 | 151,798 | 137,007 | 137,600 | 150,238 | 155,516 | 161,066 | 165,118 | 172,437 | 189,207 | 193,593 | 200,800 | 224,846 | 230,261 | 232,045 | 236,257 |
| Fixed asset turnover | 16.81 | 16.79 | 18.09 | 18.36 | 18.44 | 19.43 | 21.43 | 20.88 | 18.48 | 17.14 | 15.71 | 14.27 | 12.27 | 11.86 | 12.34 | 13.15 | 12.99 | 9.77 | 6.35 | 3.17 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,816,517K ÷ $167,583K
= 16.81
Fixed asset turnover measures how efficiently a company is utilizing its fixed assets to generate sales. A higher fixed asset turnover indicates that the company is able to generate more revenue with a lower investment in fixed assets, which is generally seen as a positive sign of operational efficiency.
In the case of Caleres Inc, the fixed asset turnover ratio has shown fluctuations over the past several quarters. From a high of 21.43 in July 2022, the ratio has ranged between 9.77 and 18.44 in subsequent quarters. This indicates some variability in how effectively Caleres is using its fixed assets to generate sales during this period.
Overall, the trend suggests that Caleres has been able to maintain relatively high levels of fixed asset turnover, with ratios consistently above 10 in most quarters. This indicates that Caleres is efficient in using its fixed assets to generate sales revenue.
However, the fluctuations in the ratio could also indicate potential changes in Caleres' business operations or investment in fixed assets. Further analysis would be needed to determine the underlying reasons for these fluctuations and their potential impact on the company's overall financial performance.
Peer comparison
Feb 3, 2024