Costco Wholesale Corp (COST)
Total asset turnover
| 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 | Sep 1, 2019 | May 12, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 152,703,000 | 149,616,000 |
| Total assets | US$ in thousands | 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 | 45,400,000 | 43,752,000 |
| Total asset turnover | 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 | 3.36 | 3.42 |
February 18, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $248,828,000K ÷ $66,323,000K
= 3.75
Costco Wholesale Corp's total asset turnover has shown some variation over the past several periods, ranging from a low of 2.87 to a high of 3.75. Overall, the company's total asset turnover has generally been strong, indicating that Costco is efficient in generating revenue from its total assets. A total asset turnover ratio of 3.51 in the most recent period of February 18, 2024, suggests that for every dollar of assets Costco has, it generated $3.51 in sales. However, there has been some fluctuation in the ratio over time, with some periods showing a slight decrease or increase. It is important for investors and analysts to monitor this ratio to understand how effectively Costco is utilizing its assets to generate revenue.
Peer comparison
Feb 18, 2024