Dick’s Sporting Goods Inc (DKS)

Total 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
Total assets	US$ in thousands	9,311,750	8,992,200	9,041,680	7,752,860	6,628,560
Total asset turnover		1.40	1.37	1.35	1.23	1.32

February 3, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $13,017,800K ÷ $9,311,750K
= 1.40

Dick’s Sporting Goods Inc has shown a consistent improvement in its total asset turnover ratio over the past five years. The ratio has increased from 1.32 in February 2020 to 1.40 in February 2024, indicating that the company is generating more revenue per dollar of assets invested. This suggests that Dick’s Sporting Goods is utilizing its assets more efficiently to generate sales. The continuous improvement in total asset turnover reflects positively on the company's operational efficiency and management of its assets over the years.

Peer comparison

Feb 3, 2024

Company name

Symbol

Total asset turnover

Dick’s Sporting Goods Inc

DKS

1.40

Academy Sports Outdoors Inc