Costco Wholesale Corp (COST)
Total asset turnover
| Sep 1, 2024 | May 12, 2024 | Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 254,453,000 | 253,695,000 | 248,828,000 | 245,652,000 | 242,290,000 | 235,442,000 | 234,390,000 | 231,028,000 | 226,954,000 | 217,538,000 | 210,219,000 | 203,084,000 | 195,929,000 | 186,637,000 | 178,626,000 | 172,929,000 | 166,761,000 | 160,876,000 | 158,350,000 | 154,674,000 |
| Total assets | US$ in thousands | 69,831,000 | 67,911,000 | 66,323,000 | 73,723,000 | 68,994,000 | 66,752,000 | 66,848,000 | 66,027,000 | 64,166,000 | 63,852,000 | 63,078,000 | 64,149,000 | 59,268,000 | 57,274,000 | 54,918,000 | 60,217,000 | 55,556,000 | 51,732,000 | 48,782,000 | 51,431,000 |
| Total asset turnover | 3.64 | 3.74 | 3.75 | 3.33 | 3.51 | 3.53 | 3.51 | 3.50 | 3.54 | 3.41 | 3.33 | 3.17 | 3.31 | 3.26 | 3.25 | 2.87 | 3.00 | 3.11 | 3.25 | 3.01 |
September 1, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $254,453,000K ÷ $69,831,000K
= 3.64
Costco Wholesale Corp's total asset turnover ratio has shown consistency in its performance over the past several periods. The company's ability to generate sales relative to its total assets has ranged between 2.87 and 3.75, with an average of approximately 3.39 during the analyzed periods.
The trend indicates that for every dollar of assets Costco holds, it generates around $3.39 in revenue, reflecting efficient asset utilization and revenue generation. The highest total asset turnover ratio was observed in May 12, 2024, at 3.74, while the lowest was recorded on Nov 22, 2020, at 2.87.
Overall, the consistently high total asset turnover ratios indicate that Costco has been effectively managing and utilizing its assets to drive revenue generation, demonstrating efficiency in its operations and financial performance.
Peer comparison
Sep 1, 2024