Dollar Tree Inc (DLTR)

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	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
Total assets	US$ in thousands	22,023,500	24,031,200	23,428,000	23,108,600	23,022,100	22,909,500	22,676,300	22,372,300	21,721,800	21,390,000	20,445,200	21,050,700	20,696,000	20,652,200	20,671,000	20,471,800	19,574,600	19,742,100	19,493,800	19,354,300
Total asset turnover		1.39	1.24	1.25	1.24	1.23	1.21	1.20	1.20	1.21	1.22	1.26	1.22	1.23	1.21	1.19	1.18	1.21	1.19	1.19	1.19

February 3, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $30,603,800K ÷ $22,023,500K
= 1.39

Total asset turnover is a key ratio that measures the efficiency with which a company generates sales revenue relative to its total assets. For Dollar Tree Inc, the total asset turnover ratio has shown some fluctuations over the past several quarters, ranging from 1.18 to 1.39.

A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate revenue. In the case of Dollar Tree Inc, the average total asset turnover ratio appears to be around 1.22, suggesting that, on average, the company generates $1.22 in sales for every $1 of assets it holds.

While the trend in total asset turnover for Dollar Tree Inc has been relatively stable, it is important to continue monitoring this ratio to ensure that the company is efficiently utilizing its assets to drive sales growth. Changes in this ratio over time may signal shifts in the company's operational efficiency and effectiveness in managing its asset base.