Foot Locker Inc (FL)
Fixed asset turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,988,000 | 8,159,000 | 8,168,000 | 8,759,000 | 8,761,000 |
| Property, plant and equipment | US$ in thousands | — | 930,000 | — | 3,363,000 | 920,000 |
| Fixed asset turnover | — | 8.77 | — | 2.60 | 9.52 |
January 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,988,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate sales. A higher fixed asset turnover indicates better efficiency in generating revenue from investments in property, plant, and equipment.
Analyzing the provided data for Foot Locker Inc:
1. January 28, 2023: The fixed asset turnover ratio was 9.52, reflecting a high level of efficiency in utilizing fixed assets to generate sales.
2. January 31, 2023: The fixed asset turnover ratio decreased to 2.60, indicating a decline in efficiency in utilizing fixed assets to generate revenue compared to the previous period.
3. January 31, 2024: The data is marked as "—," indicating that the fixed asset turnover ratio for this period is not available.
4. February 3, 2024: The fixed asset turnover ratio improved to 8.77, showing a significant increase in efficiency in utilizing fixed assets to generate sales compared to the previous period.
5. January 31, 2025: The data is marked as "—," indicating that the fixed asset turnover ratio for this period is not available for analysis.
In conclusion, the trends in Foot Locker Inc's fixed asset turnover ratio fluctuate over the periods provided, with periods of both high and low efficiency in utilizing fixed assets to generate sales. Further analysis would be required to understand the underlying reasons behind these fluctuations and their impact on the company's financial performance.
Peer comparison
Jan 31, 2025