Designer Brands Inc (DBI)
Total 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 |
| Total assets | US$ in thousands | 2,076,230 | 2,009,620 | 2,014,630 | 1,976,600 | 2,465,070 |
| Total asset turnover | 1.48 | 1.65 | 1.59 | 1.13 | 1.42 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,074,980K ÷ $2,076,230K
= 1.48
The total asset turnover ratio for Designer Brands Inc has fluctuated over the past five years. In fiscal year 2024, the company's total asset turnover ratio was 1.48, indicating that each dollar of assets generated $1.48 of revenue. This represents a decrease from the previous year's ratio of 1.65, suggesting a slightly less efficient use of assets to generate sales.
Compared to fiscal year 2022 and 2020, where the total asset turnover ratios were 1.59 and 1.42, respectively, the company exhibited varying levels of efficiency in utilizing its assets to generate revenue. However, in fiscal year 2021, Designer Brands Inc had a lower total asset turnover ratio of 1.13, indicating a less effective use of assets in generating sales compared to the other years analyzed.
Overall, the trend in total asset turnover for Designer Brands Inc suggests fluctuations in the company's ability to efficiently utilize its assets to generate revenue over the past five years. Further analysis would be needed to determine the underlying reasons for these fluctuations and their impact on the company's financial performance.
Peer comparison
Feb 3, 2024