The Gap, Inc. (GAP)
Total asset turnover
| 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 | Feb 1, 2020 | Nov 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 16,383,000 | 16,332,000 |
| Total assets | US$ in thousands | 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 | 13,679,000 | 14,118,000 |
| Total asset turnover | 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 | 1.20 | 1.16 |
August 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,173,000K ÷ $11,509,000K
= 1.32
The total asset turnover ratio for The Gap, Inc. has shown some variability over the past few years, ranging from a low of 0.98 to a high of 1.41. Total asset turnover measures how efficiently a company is using its assets to generate revenue, with a higher ratio indicating better asset utilization.
During the most recent period, the total asset turnover ratio was 1.32, which suggests that for every dollar of assets, the company generated $1.32 in revenue. This indicates that The Gap, Inc. is effectively utilizing its assets to generate sales.
It is worth noting the trend of the total asset turnover ratio over time, which has generally been stable around the 1.30 to 1.40 range. This consistency suggests that The Gap, Inc. has been able to maintain a relatively efficient use of its assets in generating revenue.
Overall, the total asset turnover ratio analysis indicates that The Gap, Inc. has been effectively managing and utilizing its assets to drive sales performance.
Peer comparison
Aug 3, 2024