Dick’s Sporting Goods Inc (DKS)
Fixed asset turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,017,810 | 12,654,970 | 12,559,680 | 12,437,340 | 12,284,760 | 12,041,110 | 11,842,240 | 12,016,360 | 12,247,140 | 12,023,010 | 11,688,490 | 11,126,140 | 9,545,980 | 9,032,850 | 8,595,710 | 8,156,230 | 8,751,730 | 8,634,180 | 8,529,250 | 8,447,530 |
| Property, plant and equipment | US$ in thousands | 1,638,160 | 1,569,700 | 1,520,680 | 1,372,780 | 1,312,990 | 1,342,790 | 1,321,740 | 1,305,140 | 1,319,680 | 1,314,570 | 1,323,170 | 1,319,770 | 1,300,260 | 1,336,680 | 1,348,060 | 1,369,870 | 1,415,730 | 1,436,980 | 1,479,860 | 1,478,910 |
| Fixed asset turnover | 7.95 | 8.06 | 8.26 | 9.06 | 9.36 | 8.97 | 8.96 | 9.21 | 9.28 | 9.15 | 8.83 | 8.43 | 7.34 | 6.76 | 6.38 | 5.95 | 6.18 | 6.01 | 5.76 | 5.71 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $13,017,810K ÷ $1,638,160K
= 7.95
The fixed asset turnover ratio of Dick's Sporting Goods Inc has shown a fluctuating trend over the past several quarters. The ratio, which indicates the efficiency of a company in generating sales from its fixed assets, has ranged from 5.71 to 9.36 during the period covered by the data.
On average, the company has been able to generate $1 in sales for every $6 to $9 worth of fixed assets held during the period. A higher fixed asset turnover ratio implies better asset utilization and productivity, reflecting positively on the company's operational efficiency.
The highest fixed asset turnover ratio of 9.36 was recorded in the quarter ended January 28, 2023, suggesting that Dick's Sporting Goods Inc was particularly efficient in generating sales from its fixed assets during that period. On the other hand, the lowest ratio of 5.71 occurred in the quarter ended May 4, 2019, indicating a lower level of efficiency in asset utilization during that period.
Overall, the trend of the fixed asset turnover ratio indicates that Dick's Sporting Goods Inc has been fairly successful in effectively utilizing its fixed assets to generate sales, with some fluctuations observed over the analyzed quarters.
Peer comparison
Feb 3, 2024