Chewy Inc (CHWY)
Total 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 |
| Total assets | US$ in thousands | 3,186,850 | 2,519,820 | 2,086,280 | 1,740,910 | 932,321 |
| Total asset turnover | 3.50 | 4.01 | 4.26 | 4.10 | 5.20 |
January 28, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,144,400K ÷ $3,186,850K
= 3.50
Total asset turnover is a key financial ratio that indicates how efficiently a company utilizes its assets to generate revenue. In the case of Chewy Inc, the total asset turnover ratio has shown a fluctuating trend over the past five years.
In the most recent fiscal year ending on January 28, 2024, Chewy Inc achieved a total asset turnover of 3.50, which signifies that the company generated $3.50 in revenue for every dollar invested in total assets. This ratio decreased from the previous year's figure of 4.01.
Looking back over the five-year period, Chewy Inc has experienced fluctuations in its total asset turnover ratio, with the highest ratio of 5.20 observed on February 2, 2020. This indicates that Chewy Inc was more efficient in utilizing its assets to generate revenue during that period.
Overall, while Chewy Inc has shown variability in its total asset turnover ratio over the years, it is important for investors and stakeholders to closely monitor this ratio to assess the company's efficiency in revenue generation relative to its asset base.
Peer comparison
Jan 28, 2024