Dollar Tree Inc (DLTR)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 30,603,800 | 28,331,700 | 26,321,200 | 25,509,300 | 23,610,800 |
| Total assets | US$ in thousands | 22,023,500 | 23,022,100 | 21,721,800 | 20,696,000 | 19,574,600 |
| Total asset turnover | 1.39 | 1.23 | 1.21 | 1.23 | 1.21 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $30,603,800K ÷ $22,023,500K
= 1.39
Total asset turnover represents how efficiently a company is generating revenue from its total assets. Dollar Tree Inc's total asset turnover ratio has shown a positive trend over the past five years, with values increasing from 1.21 in 2020 to 1.39 in 2024. This indicates that Dollar Tree Inc is generating more revenue per dollar of assets invested, reflecting improved asset utilization and operational efficiency. The consistent upward trend implies that the company has been effectively utilizing its assets to drive revenue growth. Overall, the increasing trend in total asset turnover is a positive indicator of Dollar Tree Inc's operational performance and efficiency in generating sales from its asset base.
Peer comparison
Feb 3, 2024