The Gap, Inc. (GAP)
Total asset turnover
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,086,000 | 15,235,000 | 15,173,000 | 15,001,000 | 14,889,000 | 14,834,000 | 15,106,000 | 15,415,000 | 15,616,000 | 15,898,000 | 15,802,000 | 16,156,000 | 16,670,000 | 16,569,000 | 16,620,000 | 15,684,000 | 13,800,000 | 14,050,000 | 14,054,000 | 14,784,000 |
| Total assets | US$ in thousands | 11,885,000 | 11,853,000 | 11,509,000 | 10,908,000 | 11,044,000 | 11,052,000 | 10,850,000 | 10,932,000 | 11,386,000 | 12,000,000 | 12,171,000 | 12,257,000 | 12,761,000 | 12,780,000 | 13,759,000 | 13,604,000 | 13,769,000 | 14,373,000 | 13,716,000 | 12,710,000 |
| Total asset turnover | 1.27 | 1.29 | 1.32 | 1.38 | 1.35 | 1.34 | 1.39 | 1.41 | 1.37 | 1.32 | 1.30 | 1.32 | 1.31 | 1.30 | 1.21 | 1.15 | 1.00 | 0.98 | 1.02 | 1.16 |
February 1, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,086,000K ÷ $11,885,000K
= 1.27
The total asset turnover of The Gap, Inc. indicates the company's efficiency in generating sales from its total assets. The trend in the total asset turnover ratio has shown some fluctuations over the past few years.
From May 2, 2020, to August 1, 2020, the total asset turnover decreased from 1.16 to 1.02, indicating a potential decrease in the company's ability to generate sales from its assets during this period. However, there was a slight improvement in the ratio to 1.15 by May 1, 2021.
The total asset turnover ratio showed a significant increase from 1.15 in May 2021 to 1.41 on April 29, 2023, indicating that the company was able to generate more sales relative to its assets during this period. However, the ratio declined slightly to 1.27 by February 1, 2025.
Overall, The Gap, Inc. has exhibited varying levels of efficiency in utilizing its assets to generate sales over the period under review. The company should continue to monitor and improve its asset management strategies to enhance its overall operational efficiency and profitability.
Peer comparison
Feb 1, 2025