Foot Locker Inc (FL)
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 | 8,155,000 | 8,116,000 | 8,298,000 | 8,499,000 | 8,743,000 | 8,755,000 | 8,770,000 | 8,980,000 | 8,958,000 | 8,806,000 | 8,723,000 | 8,525,000 | 7,548,000 | 7,580,000 | 7,406,000 | 7,103,000 | 8,005,000 | 8,056,000 | 7,984,000 | 7,992,000 |
| Property, plant and equipment | US$ in thousands | 930,000 | 884,000 | 898,000 | 901,000 | 920,000 | 897,000 | 899,000 | 899,000 | 917,000 | 860,000 | 743,000 | 769,000 | 788,000 | 773,000 | 782,000 | 787,000 | 824,000 | 814,000 | 796,000 | 810,000 |
| Fixed asset turnover | 8.77 | 9.18 | 9.24 | 9.43 | 9.50 | 9.76 | 9.76 | 9.99 | 9.77 | 10.24 | 11.74 | 11.09 | 9.58 | 9.81 | 9.47 | 9.03 | 9.71 | 9.90 | 10.03 | 9.87 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,155,000K ÷ $930,000K
= 8.77
Fixed asset turnover measures how efficiently a company generates revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is using its fixed assets more efficiently to generate sales.
Analyzing Foot Locker Inc's fixed asset turnover over the past 20 quarters shows a consistent trend of high ratios, ranging from 8.77 to 11.74. This indicates that the company is effectively utilizing its fixed assets to generate revenue.
The trend shows some fluctuations but generally remains at a high level, peaking at 11.74 in the third quarter of 2021. This suggests that Foot Locker Inc has been able to efficiently manage its fixed assets to generate sales, potentially through effective inventory management, store layout optimization, or investments in store infrastructure.
Overall, the high and relatively stable fixed asset turnover ratios reflect positively on Foot Locker Inc's operational efficiency and ability to maximize the use of its fixed assets to generate revenue.
Peer comparison
Feb 3, 2024