Foot Locker Inc (FL)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,159,000 | 8,761,000 | 8,946,000 | 7,541,000 | 8,002,000 |
| Total assets | US$ in thousands | 6,868,000 | 7,907,000 | 8,135,000 | 7,043,000 | 6,589,000 |
| Total asset turnover | 1.19 | 1.11 | 1.10 | 1.07 | 1.21 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,159,000K ÷ $6,868,000K
= 1.19
The total asset turnover ratio of Foot Locker Inc has shown fluctuations over the past five years, ranging from a low of 1.07 in January 2021 to a high of 1.21 in February 2020. This ratio indicates that for every dollar of total assets held by the company, it generated sales revenue of $1.19 in February 2024, $1.11 in January 2023, and $1.10 in January 2022. The upward trend in total asset turnover from January 2021 to February 2024 suggests that Foot Locker has been able to effectively utilize its assets to generate sales revenue more efficiently over time. This improvement could be attributed to strategic management of inventory, efficient operations, or effective marketing strategies. Overall, the increasing trend in total asset turnover reflects positively on Foot Locker's ability to generate revenue relative to its investment in assets.
Peer comparison
Feb 3, 2024