Dollar General Corporation (DG)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 2, 2024	Jan 31, 2024	Nov 3, 2023	Oct 31, 2023	Aug 4, 2023	Jul 31, 2023	May 5, 2023	Apr 30, 2023	Feb 3, 2023	Jan 31, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022	Apr 30, 2022	Apr 29, 2022
Revenue (ttm)	US$ in thousands	40,612,320	40,089,220	39,764,330	39,165,720	38,945,780	38,876,220	38,813,890	38,544,930	38,193,680	38,609,940	39,016,660	39,138,720	39,207,100	38,504,710	37,684,430	36,970,890	36,271,360	35,497,100	34,727,420	34,493,910
Property, plant and equipment	US$ in thousands	—	—	—	—	6,087,720	—	5,848,380	16,752,700	5,624,130	16,379,300	5,420,130	5,420,130	5,236,310	15,906,300	15,396,800	4,927,450	4,648,190	4,648,190	4,451,030	4,451,030
Fixed asset turnover		—	—	—	—	6.40	—	6.64	2.30	6.79	2.36	7.20	7.22	7.49	2.42	2.45	7.50	7.80	7.64	7.80	7.75

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $40,612,320K ÷ $—K
= —

The fixed asset turnover ratio for Dollar General Corporation has shown some fluctuations over the provided time period. It started at a strong level of around 7.75 in April 2022 and remained relatively stable around 7.80 in the following months. However, there was a noticeable decrease to 7.50 in October 2022, indicating a decline in the efficiency of generating sales from fixed assets.

The ratio then experienced a significant drop to 2.45 in October 2022 and continued to decline to 2.42 in January 2023 and further to 2.36 in July 2023. These lower values suggest that Dollar General may not be effectively utilizing its fixed assets to generate sales during this period.

Subsequently, there was a slight improvement in the ratio to 6.79 in August 2023, followed by fluctuations around the range of 6.40 to 7.49 until February 2024. However, the ratio dropped again to 6.64 in November 2023 and further to 2.30 in October 2024, highlighting potential challenges in efficiently utilizing fixed assets to drive sales.

From January 2024 onwards, the data indicates missing values for the fixed asset turnover ratio, making it difficult to assess the company's performance in this aspect in more recent periods.

In conclusion, the fixed asset turnover ratio for Dollar General Corporation has seen fluctuations over the analyzed period, with periods of relatively high efficiency in utilizing fixed assets followed by declines. This trend highlights the importance for the company to consistently monitor and improve its utilization of fixed assets to drive sales and enhance overall financial performance.