Caleres Inc (CAL)
Total 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 |
| Total assets | US$ in thousands | 1,804,750 | 1,826,890 | 1,903,960 | 1,818,080 | 1,836,470 | 1,948,310 | 2,025,210 | 1,928,300 | 1,843,930 | 1,874,560 | 1,832,900 | 1,802,820 | 1,867,050 | 2,027,060 | 2,112,390 | 2,223,680 | 2,431,710 | 2,471,210 | 2,644,390 | 2,493,070 |
| Total asset turnover | 1.56 | 1.54 | 1.50 | 1.59 | 1.62 | 1.51 | 1.45 | 1.49 | 1.51 | 1.42 | 1.38 | 1.31 | 1.13 | 1.11 | 1.13 | 1.19 | 1.20 | 0.91 | 0.56 | 0.30 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,816,517K ÷ $1,804,750K
= 1.56
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
For Caleres Inc, the total asset turnover has varied over the past 20 quarters, ranging from a low of 0.30 to a high of 1.62. The trend fluctuates with some quarters showing improvements and others experiencing slight declines.
The company's total asset turnover ratio was relatively strong in the most recent quarter at 1.56, implying that Caleres Inc generated $1.56 in revenue for every $1 of assets. This indicates effective asset utilization and efficient revenue generation.
Overall, despite fluctuations, Caleres Inc has maintained a generally healthy total asset turnover ratio, suggesting that the company is effectively managing its assets to generate revenue over the analyzed periods. Future monitoring of this ratio will be key to understanding if the company's asset efficiency continues to trend positively.
Peer comparison
Feb 3, 2024