Five Below Inc (FIVE)
Fixed asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,559,370 | 3,076,310 | 2,848,350 | 1,962,140 | 1,846,730 |
| Property, plant and equipment | US$ in thousands | 1,134,310 | 925,530 | 777,497 | 565,351 | 439,086 |
| Fixed asset turnover | 3.14 | 3.32 | 3.66 | 3.47 | 4.21 |
February 3, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,559,370K ÷ $1,134,310K
= 3.14
The fixed asset turnover ratio for Five Below Inc has shown a decreasing trend over the past five years, with a value of 3.14 in fiscal year 2024, down from 4.21 in fiscal year 2020. This suggests that the company is generating less revenue relative to its investment in fixed assets. Despite the decrease, the ratio remains above 3 for all years, indicating that the company is efficiently utilizing its fixed assets to generate sales. However, management may want to closely monitor this trend to ensure that the company is maximizing the productivity of its fixed assets and maintaining or improving its operational efficiency over time.
Peer comparison
Feb 3, 2024