Designer Brands Inc (DBI)
Fixed asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,074,980 | 3,315,430 | 3,196,580 | 2,234,720 | 3,492,690 |
| Property, plant and equipment | US$ in thousands | 219,939 | 235,430 | 256,786 | 296,469 | 395,009 |
| Fixed asset turnover | 13.98 | 14.08 | 12.45 | 7.54 | 8.84 |
February 3, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,074,980K ÷ $219,939K
= 13.98
The fixed asset turnover ratio measures a company's ability to generate sales from its investment in fixed assets. Designer Brands Inc has shown a consistent trend of improvement in its fixed asset turnover over the past five years. The ratio has increased from 8.84 in February 2020 to 13.98 in February 2024, indicating that the company is becoming more efficient in utilizing its fixed assets to generate sales. This improvement suggests that Designer Brands Inc has been able to increase revenue without a significant increase in its fixed assets, which is a positive sign of operational efficiency and asset utilization. The company's ability to generate more sales for each dollar invested in fixed assets has improved steadily over the years, reflecting positively on its operational performance and management of fixed assets.
Peer comparison
Feb 3, 2024