Dollar General Corporation (DG)
Total asset turnover
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 38,364,800 | 37,633,600 | 34,062,900 | 33,596,500 | 27,653,400 |
| Total assets | US$ in thousands | 30,795,600 | 29,083,400 | 26,327,400 | 25,862,600 | 22,825,100 |
| Total asset turnover | 1.25 | 1.29 | 1.29 | 1.30 | 1.21 |
February 2, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $38,364,800K ÷ $30,795,600K
= 1.25
Total asset turnover measures the efficiency of Dollar General Corporation in generating sales revenue relative to its total assets. The trend analysis of Dollar General's total asset turnover over the past five fiscal years shows a slight decline from 1.21 in 2020 to 1.25 in 2024, with fluctuations in between. The decreasing trend indicates that Dollar General is slightly less efficient in utilizing its assets to generate sales revenue compared to previous years.
A total asset turnover ratio of 1.25 in 2024 suggests that for every dollar of assets Dollar General had during the fiscal year ending February 2, 2024, the company generated $1.25 in sales revenue. This indicates that Dollar General could be optimizing its asset utilization better but still maintains a reasonable level of efficiency in generating sales relative to its asset base.
Overall, while the total asset turnover ratio for Dollar General Corporation has seen some fluctuations over the past five years, the slight decrease in recent years indicates potential room for improvement in asset utilization efficiency to boost sales revenue generation.
Peer comparison
Feb 2, 2024