Dollar General Corporation (DG)

Total asset turnover

		Feb 2, 2024	Nov 3, 2023	Aug 4, 2023	May 5, 2023	Feb 3, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019	Aug 2, 2019	May 3, 2019
Revenue (ttm)	US$ in thousands	38,447,860	38,794,560	38,593,980	38,264,760	37,633,610	36,118,450	35,185,880	34,414,030	34,062,920	33,864,500	33,545,190	33,579,340	33,667,220	32,410,340	31,242,400	29,579,230	27,753,960	27,246,130	26,672,200	26,133,760
Total assets	US$ in thousands	30,795,600	30,624,600	30,395,600	29,803,900	29,083,400	29,007,200	28,239,300	26,956,300	26,327,400	25,925,300	25,487,800	25,236,700	25,862,600	26,153,400	25,847,400	24,848,300	22,825,100	22,412,800	21,917,500	21,304,300
Total asset turnover		1.25	1.27	1.27	1.28	1.29	1.25	1.25	1.28	1.29	1.31	1.32	1.33	1.30	1.24	1.21	1.19	1.22	1.22	1.22	1.23

February 2, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $38,447,860K ÷ $30,795,600K
= 1.25

The total asset turnover ratio of Dollar General Corporation has shown some fluctuation over the past several quarters, ranging from a low of 1.19 to a high of 1.33. The trend indicates that the company has been able to generate revenue relative to its total assets, with the ratio hovering around the 1.25 to 1.30 range in recent quarters.

A total asset turnover ratio of 1.25 to 1.33 implies that for every dollar of assets, the company is generating approximately $1.25 to $1.33 of revenue. A higher ratio suggests that the company is efficiently utilizing its assets to generate sales.

It is important for Dollar General to monitor this ratio closely to ensure that it remains at an optimal level, as a declining ratio could indicate inefficiencies in asset utilization or declining sales relative to assets. Overall, the company's recent total asset turnover ratios suggest that it is effectively managing and utilizing its assets to generate revenue.