Dick’s Sporting Goods Inc (DKS)
Fixed asset turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,442,800 | 13,017,800 | 12,984,400 | 12,368,200 | 12,284,800 |
| Property, plant and equipment | US$ in thousands | — | 1,638,160 | — | 3,451,350 | 1,312,990 |
| Fixed asset turnover | — | 7.95 | — | 3.58 | 9.36 |
January 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $13,442,800K ÷ $—K
= —
Based on the information provided, the fixed asset turnover ratio for Dick’s Sporting Goods Inc fluctuated over the period under review.
As of January 28, 2023, the fixed asset turnover ratio was 9.36, indicating that the company generated $9.36 in sales for every $1 of fixed assets invested. This high ratio suggests that Dick’s Sporting Goods efficiently utilized its fixed assets to generate revenue.
By January 31, 2023, the fixed asset turnover ratio decreased to 3.58, reflecting a decline in productivity in terms of utilizing fixed assets to generate sales. This decrease may indicate various factors, such as a change in the operating efficiency or an increase in the value of fixed assets.
On January 31, 2024, the fixed asset turnover ratio is not available ("—"), which may indicate missing or undisclosed data for that period in the financial statements.
By February 3, 2024, the fixed asset turnover ratio improved to 7.95, showing a recovery in the efficiency of utilizing fixed assets to generate revenue compared to the previous period.
As of January 31, 2025, the fixed asset turnover ratio is once again not available ("—"), indicating a lack of information for that period.
In conclusion, the fluctuation in Dick’s Sporting Goods Inc's fixed asset turnover ratio suggests varying levels of efficiency in utilizing fixed assets to generate sales over the period, with some periods showing higher productivity than others. It would be beneficial to analyze the underlying reasons for these fluctuations to understand the company's operational performance and potential future trends.
Peer comparison
Jan 31, 2025