Chewy Inc (CHWY)
Fixed asset turnover
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,144,400 | 10,096,500 | 8,890,770 | 7,146,260 | 4,846,740 |
| Property, plant and equipment | US$ in thousands | 521,298 | 478,738 | 367,166 | 210,017 | 118,731 |
| Fixed asset turnover | 21.38 | 21.09 | 24.21 | 34.03 | 40.82 |
January 28, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,144,400K ÷ $521,298K
= 21.38
Fixed asset turnover measures how efficiently a company generates revenue from its fixed assets. Chewy Inc's fixed asset turnover has been consistently high over the years, indicating efficient utilization of its fixed assets to generate sales. The ratio has been above 20 for the past five years, peaking at 40.82 in February 2020. This suggests that Chewy has been successful in generating significant revenue relative to its investment in fixed assets. Overall, the trend in fixed asset turnover for Chewy Inc suggests a strong operational efficiency and effective management of its fixed assets to drive sales growth.
Peer comparison
Jan 28, 2024