Dollar General Corporation (DG)

Total 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
Total assets	US$ in thousands	31,132,700	31,460,400	31,813,800	31,009,500	30,795,600	33,742,100	30,624,600	30,624,600	30,395,600	30,395,600	29,803,900	29,803,900	29,083,400	29,083,400	29,007,200	29,007,200	28,239,300	28,239,300	26,956,300	26,956,300
Total asset turnover		1.30	1.27	1.25	1.26	1.26	1.15	1.27	1.26	1.26	1.27	1.31	1.31	1.35	1.32	1.30	1.27	1.28	1.26	1.29	1.28

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $40,612,320K ÷ $31,132,700K
= 1.30

The total asset turnover for Dollar General Corporation has shown some fluctuations over the past few years. It increased from 1.28 in April 2022 to 1.35 in February 2023, indicating that the company generated $1.35 in revenue for every dollar of total assets during that period. However, the ratio then declined to 1.15 in January 2024, suggesting a decrease in the efficiency of the company's asset utilization.

Subsequently, the total asset turnover ratio recovered and remained relatively stable around the range of 1.25 to 1.30 from April 2024 to January 2025. This indicates that Dollar General Corporation has been effectively utilizing its total assets to generate revenue during this period, although there may be potential room for improvement in optimizing asset utilization efficiency going forward.