Caleres Inc (CAL)
Total 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 |
| Total assets | US$ in thousands | 1,804,750 | 1,836,470 | 1,843,930 | 1,867,050 | 2,431,710 |
| Total asset turnover | 1.56 | 1.62 | 1.51 | 1.13 | 1.20 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,815,640K ÷ $1,804,750K
= 1.56
The total asset turnover ratio for Caleres Inc has shown variability over the past five years. The ratio measures the efficiency with which the company is utilizing its assets to generate revenue.
In the most recent fiscal year ending February 3, 2024, Caleres Inc achieved a total asset turnover ratio of 1.56, indicating that the company generated $1.56 in revenue for every $1 of assets it had. This represents a slight decrease from the previous year's ratio of 1.62.
Looking further back, the total asset turnover ratio was 1.51 in January 29, 2022, 1.13 in January 30, 2021, and 1.20 in February 1, 2020. The significant increase in the ratio from 2020 to 2021 reflects improved asset utilization efficiency during that period.
Overall, Caleres Inc's total asset turnover has generally been above 1 in recent years, indicating that the company has been effective in generating sales relative to its asset base. However, there has been some fluctuation in the ratio, suggesting varying levels of asset efficiency over the analyzed period. Further analysis of the company's operational strategies and asset management practices may be warranted to fully understand the factors driving these fluctuations.
Peer comparison
Feb 3, 2024