Dollar Tree Inc (DLTR)

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	30,603,800	29,684,600	29,309,700	28,752,900	28,331,700	27,691,600	27,169,400	26,744,100	26,321,200	26,008,500	25,767,800	25,702,200	25,509,300	25,056,700	24,625,900	24,088,900	23,610,800	23,500,700	23,293,300	23,078,300
Property, plant and equipment	US$ in thousands	6,144,100	5,714,600	5,359,200	5,111,800	4,972,200	4,823,900	4,652,900	4,514,000	4,477,300	4,377,400	4,250,200	4,182,400	4,116,300	4,095,600	4,032,600	3,964,800	3,881,800	3,810,700	3,666,200	3,525,000
Fixed asset turnover		4.98	5.19	5.47	5.62	5.70	5.74	5.84	5.92	5.88	5.94	6.06	6.15	6.20	6.12	6.11	6.08	6.08	6.17	6.35	6.55

February 3, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $30,603,800K ÷ $6,144,100K
= 4.98

The fixed asset turnover ratio of Dollar Tree Inc has shown a consistent upward trend over the past few quarters, indicating that the company is generating more revenue from its fixed assets. This signifies that Dollar Tree is effectively utilizing its fixed assets to generate sales. The ratio has been increasing from 4.98 in February 2024 to 6.55 in May 2019. The higher the fixed asset turnover ratio, the better the company is at generating revenue from its fixed assets. This trend suggests that Dollar Tree is efficiently managing its fixed assets to drive sales and improve overall business performance.