Dick’s Sporting Goods Inc (DKS)
Fixed asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,017,800 | 12,284,800 | 12,247,100 | 9,545,990 | 8,772,600 |
| Property, plant and equipment | US$ in thousands | 1,638,160 | 1,312,990 | 1,319,680 | 1,300,260 | 1,415,730 |
| Fixed asset turnover | 7.95 | 9.36 | 9.28 | 7.34 | 6.20 |
February 3, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $13,017,800K ÷ $1,638,160K
= 7.95
The fixed asset turnover ratio for Dick’s Sporting Goods Inc has shown a fluctuating trend over the past five years. The company's ability to generate sales from its fixed assets peaked in January 2023 at 9.36 times, indicating that the company was able to efficiently utilize its fixed assets to generate revenue. However, there was a slight decrease in the ratio in the following year, which could indicate a decrease in asset efficiency.
In the most recent fiscal year, ending February 3, 2024, the fixed asset turnover ratio improved to 7.95 times from the previous year, showing a positive trend in asset utilization. This suggests that Dick’s Sporting Goods Inc has been able to generate more sales from its fixed assets during this period.
Overall, the company's fixed asset turnover ratio has been relatively high, indicating a strong ability to generate revenue from its fixed assets. However, it is important to monitor this ratio over time to ensure that the company continues to effectively utilize its fixed assets to drive sales and profitability.
Peer comparison
Feb 3, 2024