Chewy Inc (CHWY)
Total asset turnover
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,456,690 | 11,316,450 | 11,236,380 | 11,144,420 | 11,003,270 | 10,797,980 | 10,452,070 | 10,095,940 | 9,779,260 | 9,459,300 | 9,183,330 | 8,890,780 | 8,545,390 | 8,115,230 | 7,660,050 | 7,146,260 | 6,457,770 | 5,905,570 | 5,359,250 | 4,846,730 |
| Total assets | US$ in thousands | 2,957,900 | 3,102,490 | 3,201,050 | 3,186,850 | 2,936,480 | 2,904,010 | 2,738,340 | 2,519,820 | 2,491,160 | 2,368,510 | 2,190,040 | 2,086,280 | 2,195,480 | 2,018,360 | 1,898,530 | 1,740,910 | 1,643,240 | 1,144,840 | 1,123,370 | 932,321 |
| Total asset turnover | 3.87 | 3.65 | 3.51 | 3.50 | 3.75 | 3.72 | 3.82 | 4.01 | 3.93 | 3.99 | 4.19 | 4.26 | 3.89 | 4.02 | 4.03 | 4.10 | 3.93 | 5.16 | 4.77 | 5.20 |
October 27, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,456,690K ÷ $2,957,900K
= 3.87
The total asset turnover of Chewy Inc has exhibited fluctuations over the past few periods, ranging from a low of 3.50 to a high of 5.20. This ratio indicates how efficiently the company is utilizing its assets to generate sales revenue. A higher total asset turnover suggests that Chewy is generating more sales for each dollar invested in assets.
The trend in the total asset turnover ratio shows some variability, with peaks and valleys across the periods. The company experienced a notable increase in total asset turnover from November 2020 to February 2022, indicating improved efficiency in asset utilization during that period. However, there was a slight dip in the ratio from May 2020 to July 2023, before showing some recovery in subsequent periods.
Overall, the total asset turnover ratio for Chewy Inc has remained relatively strong, consistently above 3.50, which suggests that the company is effectively managing its assets to drive sales. Further analysis of the company's financial performance and operational efficiency would provide a more comprehensive understanding of Chewy's overall business dynamics.
Peer comparison
Oct 27, 2024