The Gap, Inc. (GAP)

Fixed asset turnover

Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021
Revenue US$ in thousands 15,086,000 14,889,000 15,616,000 16,670,000 13,800,000
Property, plant and equipment US$ in thousands 2,496,000 2,566,000 2,688,000 3,037,000 2,841,000
Fixed asset turnover 6.04 5.80 5.81 5.49 4.86

February 1, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,086,000K ÷ $2,496,000K
= 6.04

The fixed asset turnover for The Gap, Inc. has shown a generally increasing trend over the past five years, from 4.86 in January 30, 2021, to 6.04 in February 1, 2025. This indicates that the company is generating more revenue per dollar invested in fixed assets, signaling improved efficiency in utilizing its fixed assets to generate sales. The consistent upward trend suggests that The Gap, Inc. has been able to effectively optimize its fixed asset utilization over the years, which is a positive sign for the company's operational performance and profitability.