Dick’s Sporting Goods Inc (DKS)
Total 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 |
| Total assets | US$ in thousands | 9,311,750 | 9,282,330 | 9,357,360 | 9,107,810 | 8,992,200 | 8,956,600 | 9,065,280 | 9,219,800 | 9,041,680 | 7,999,280 | 8,386,160 | 8,066,580 | 7,752,860 | 7,565,490 | 7,152,570 | 7,952,550 | 6,628,560 | 7,207,000 | 6,915,220 | 6,911,990 |
| Total asset turnover | 1.40 | 1.36 | 1.34 | 1.37 | 1.37 | 1.34 | 1.31 | 1.30 | 1.35 | 1.50 | 1.39 | 1.38 | 1.23 | 1.19 | 1.20 | 1.03 | 1.32 | 1.20 | 1.23 | 1.22 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,017,810K ÷ $9,311,750K
= 1.40
The total asset turnover ratio for Dick's Sporting Goods Inc has exhibited fluctuation over the past few quarters. The ratio ranged from a low of 1.03 to a high of 1.50 during the period under consideration. The trend shows some degree of variability, with the ratio generally hovering around the range of 1.30 to 1.40.
A higher total asset turnover ratio indicates that the company is generating more revenue relative to its total assets, reflecting efficient asset utilization. Conversely, a lower ratio may suggest underutilization of assets or challenges in generating sufficient sales from the asset base.
It is important for Dick's Sporting Goods Inc to monitor and analyze the factors influencing these fluctuations to ensure optimal asset management and sustainable revenue generation. Additionally, comparative analysis with industry benchmarks and historical performance can provide further insights into the company's operational efficiency and financial health.
Peer comparison
Feb 3, 2024