Chewy Inc (CHWY)
Total asset turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,861,300 | 11,147,700 | 11,144,400 | 10,098,900 | 10,096,500 |
| Total assets | US$ in thousands | 3,014,530 | 3,186,850 | 3,186,850 | 2,515,080 | 2,519,820 |
| Total asset turnover | 3.93 | 3.50 | 3.50 | 4.02 | 4.01 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,861,300K ÷ $3,014,530K
= 3.93
Total Asset Turnover is a key financial ratio that measures a company's efficiency in generating sales revenue relative to its total assets. For Chewy Inc, the total asset turnover ratio has shown a consistent trend over the past few years, ranging from 3.50 to 4.02. This indicates that, on average, Chewy Inc generated $4.02 in sales for every $1 of total assets it owns.
While there was a slight dip in the total asset turnover ratio from 4.02 to 3.50 between January 31, 2023, and January 28, 2024, the ratio remained relatively stable afterwards. This suggests that Chewy Inc has been effectively utilizing its assets to generate sales revenue, maintaining a healthy level of efficiency in its operations.
Overall, Chewy Inc's total asset turnover ratio indicates that the company has been efficient in generating sales relative to its total asset base, which is a positive sign of operational effectiveness and management of its asset utilization.
It would be beneficial for stakeholders to continue monitoring this ratio to ensure that Chewy Inc maintains its efficiency in utilizing its assets to drive sales growth and profitability.
Peer comparison
Jan 31, 2025