Five Below Inc (FIVE)

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	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
Total assets	US$ in thousands	3,872,040	3,657,440	3,549,410	3,380,510	3,324,910	3,163,720	3,086,230	2,960,780	2,880,460	2,823,450	2,622,930	2,443,730	2,314,770	2,175,500	2,000,250	1,932,720	1,958,660	1,833,750	1,659,420	1,592,280
Total asset turnover		0.92	0.91	0.92	0.94	0.93	0.93	0.94	0.98	0.99	0.96	0.98	0.97	0.85	0.82	0.85	0.87	0.94	0.80	0.87	0.83

February 3, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,559,373K ÷ $3,872,040K
= 0.92

Total asset turnover measures the efficiency with which a company generates revenue relative to its total assets. For Five Below Inc, the total asset turnover has fluctuated over the past several quarters, ranging from 0.80 to 0.99. The trend shows a slight variation, with some quarters exhibiting lower turnover ratios compared to others.

The average total asset turnover over the period analyzed is approximately 0.90, indicating that for every dollar of total assets held by Five Below Inc, the company generates around $0.90 in revenue. This suggests that the company is effectively utilizing its assets to generate sales, albeit not at a consistently high level.

Overall, while the total asset turnover for Five Below Inc demonstrates a reasonable efficiency in generating revenue from its assets, there may be opportunities for the company to further optimize its asset utilization to enhance profitability and financial performance.