Dollar Tree Inc (DLTR)

Total asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Revenue (ttm)	US$ in thousands	17,578,500	31,219,700	32,291,400	32,227,400	31,909,400	30,594,800	29,280,200	29,289,200	29,298,200	29,693,600	30,089,000	29,705,100	29,321,200	28,369,000	27,416,800	27,379,500	27,520,200	27,832,300	27,481,500	26,996,600
Total assets	US$ in thousands	18,644,000	23,332,800	22,616,600	22,110,200	22,023,500	22,023,500	24,031,200	24,031,200	23,428,000	23,428,000	23,108,600	23,108,600	23,022,100	23,022,100	22,909,500	22,909,500	22,676,300	22,676,300	22,372,300	21,721,800
Total asset turnover		0.94	1.34	1.43	1.46	1.45	1.39	1.22	1.22	1.25	1.27	1.30	1.29	1.27	1.23	1.20	1.20	1.21	1.23	1.23	1.24

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,578,500K ÷ $18,644,000K
= 0.94

Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its assets. For Dollar Tree Inc, the total asset turnover ratio has fluctuated over the assessed periods. It stood at 1.24 as of January 31, 2022, and remained relatively stable around 1.20 to 1.30 until January 31, 2024, fluctuating slightly over this period. However, a significant increase in total asset turnover was observed, reaching 1.45 as of February 3, 2024, and further increasing to 1.46 by April 30, 2024.

This rise indicates that Dollar Tree Inc was able to generate more revenue relative to its total assets during this time frame, suggesting improved efficiency in utilizing its assets to generate sales. However, following these peaks, the total asset turnover ratio declined to 0.94 as of January 31, 2025, signifying a decrease in revenue generated per dollar of assets held by the company.

Overall, fluctuations in the total asset turnover ratio for Dollar Tree Inc suggest varying levels of asset efficiency and revenue generation over the analyzed periods, with the company experiencing both peaks and declines in its performance in this aspect.