Foot Locker Inc (FL)
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 | 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 |
| Total assets | US$ in thousands | 6,868,000 | 7,420,000 | 7,536,000 | 7,643,000 | 7,907,000 | 7,762,000 | 7,868,000 | 7,878,000 | 8,135,000 | 8,211,000 | 7,585,000 | 7,442,000 | 7,043,000 | 7,018,000 | 6,912,000 | 6,796,000 | 6,589,000 | 6,621,000 | 6,720,000 | 6,928,000 |
| Total asset turnover | 1.19 | 1.09 | 1.10 | 1.11 | 1.11 | 1.13 | 1.11 | 1.14 | 1.10 | 1.07 | 1.15 | 1.15 | 1.07 | 1.08 | 1.07 | 1.05 | 1.21 | 1.22 | 1.19 | 1.15 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,155,000K ÷ $6,868,000K
= 1.19
Foot Locker Inc's total asset turnover ratio has shown some fluctuations over the past 20 quarters. The ratio measures the company's ability to generate sales from its total assets, reflecting how efficiently the company is utilizing its assets to generate revenue.
The trend indicates that, on average, for every dollar of assets Foot Locker holds, it generates approximately 1.12 dollars in sales. This suggests that the company has been relatively efficient in using its assets to drive revenue during the period under review.
There are periods where the total asset turnover ratio slightly dropped, such as in Q3 and Q4 of 2021, which could indicate a temporary decrease in asset efficiency or a potential increase in assets without a proportionate increase in sales. However, the ratio generally remained above 1, indicating that Foot Locker has been effective in managing its assets to generate revenue.
It is important for Foot Locker to continue monitoring and managing its assets effectively to ensure sustainable growth and profitability. Looking at the overall trend, Foot Locker has maintained a reasonable level of asset turnover efficiency over the analyzed quarters.
Peer comparison
Feb 3, 2024