Five Below Inc (FIVE)
Total 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 |
| Total assets | US$ in thousands | 3,872,040 | 3,324,910 | 2,880,460 | 2,314,770 | 1,958,660 |
| Total asset turnover | 0.92 | 0.93 | 0.99 | 0.85 | 0.94 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,559,370K ÷ $3,872,040K
= 0.92
Total asset turnover is a financial ratio that measures a company's ability to generate revenue based on its total assets. A higher total asset turnover indicates that the company is able to generate more revenue from its assets.
In the case of Five Below Inc, the total asset turnover has fluctuated over the past five years. In fiscal year 2024, the total asset turnover was 0.92, which indicates that for every dollar of total assets, the company generated $0.92 in revenue. This ratio decreased slightly from the previous year's ratio of 0.93.
Comparing the total asset turnover to previous years, we can see that the company had its highest total asset turnover in fiscal year 2022 at 0.99, which suggests that the company was more efficient in generating revenue from its assets that year. On the other hand, the lowest ratio was in fiscal year 2021 at 0.85, indicating a decrease in the company's efficiency in generating revenue from its assets.
Overall, the total asset turnover ratio for Five Below Inc has shown some variability over the past five years, with fluctuations that may indicate changes in the company's asset utilization efficiency. Further analysis of the company's operational and financial performance would be necessary to fully understand the factors driving these fluctuations in total asset turnover.
Peer comparison
Feb 3, 2024