Five Below Inc (FIVE)

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	3,559,373	3,344,383	3,253,012	3,162,958	3,076,307	2,949,889	2,912,500	2,890,127	2,848,354	2,710,536	2,579,505	2,359,061	1,962,137	1,790,753	1,691,577	1,682,867	1,846,730	1,472,423	1,442,719	1,321,641
Property, plant and equipment	US$ in thousands	1,134,310	1,075,280	1,013,690	944,375	925,530	880,469	842,002	799,765	777,497	728,319	677,183	624,775	565,351	522,214	505,299	475,646	439,086	400,129	337,193	319,221
Fixed asset turnover		3.14	3.11	3.21	3.35	3.32	3.35	3.46	3.61	3.66	3.72	3.81	3.78	3.47	3.43	3.35	3.54	4.21	3.68	4.28	4.14

February 3, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,559,373K ÷ $1,134,310K
= 3.14

The fixed asset turnover ratio of Five Below Inc has shown fluctuations over the past few years, ranging from a low of 3.11 to a high of 4.28. This ratio measures the company's ability to generate sales relative to its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is more efficient in generating revenue from its fixed assets.

Overall, the trend in the fixed asset turnover ratio for Five Below Inc has been generally positive, with some fluctuations from period to period. This suggests that the company has been effectively utilizing its fixed assets to drive revenue growth. It is important for the company to continue monitoring and optimizing the efficiency of its fixed asset utilization to sustain or improve its performance in the future.