Dollar General Corporation (DG)

Total asset turnover

		Jan 31, 2025	Feb 2, 2024	Jan 31, 2024	Feb 3, 2023	Jan 31, 2023
Revenue	US$ in thousands	40,612,300	38,364,800	38,691,600	37,633,600	37,844,900
Total assets	US$ in thousands	31,132,700	30,795,600	30,795,600	29,083,400	29,083,400
Total asset turnover		1.30	1.25	1.26	1.29	1.30

January 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $40,612,300K ÷ $31,132,700K
= 1.30

Dollar General Corporation's total asset turnover ratio has been relatively stable over the past few years, ranging from 1.25 to 1.30. This ratio indicates that for every dollar of assets the company holds, it generates between $1.25 to $1.30 in sales revenue. A higher total asset turnover ratio typically reflects efficient asset utilization, suggesting that Dollar General is effectively generating revenue from its assets. The consistency in the total asset turnover ratio implies that Dollar General has been maintaining a steady level of efficiency in generating sales in relation to its total assets.