Guess? Inc. (GES)
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 | 2,740,394 | 2,650,836 | 2,635,539 | 2,616,264 | 2,644,409 | 2,661,222 | 2,674,342 | 2,663,471 | 2,591,631 | 2,440,151 | 2,366,365 | 2,136,280 | 1,876,529 | 2,070,328 | 2,116,988 | 2,401,669 | 2,678,109 | 2,672,982 | 2,662,445 | 2,625,096 |
Total assets | US$ in thousands | 2,590,020 | 2,478,780 | 2,489,160 | 2,440,720 | 2,425,450 | 2,316,620 | 2,316,670 | 2,250,010 | 2,555,630 | 2,562,440 | 2,456,900 | 2,378,010 | 2,465,870 | 2,380,010 | 2,310,730 | 2,346,750 | 2,428,960 | 2,390,900 | 2,402,200 | 2,381,760 |
Total asset turnover | 1.06 | 1.07 | 1.06 | 1.07 | 1.09 | 1.15 | 1.15 | 1.18 | 1.01 | 0.95 | 0.96 | 0.90 | 0.76 | 0.87 | 0.92 | 1.02 | 1.10 | 1.12 | 1.11 | 1.10 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,740,394K ÷ $2,590,020K
= 1.06
The total asset turnover of Guess? Inc. has shown fluctuations over the past twenty quarters, ranging from a low of 0.76 to a high of 1.18. The metric measures the efficiency of the company in generating sales from its total assets, reflecting how well management is utilizing its assets to drive revenue.
In the most recent quarter, the total asset turnover was 1.06, indicating that Guess? Inc. generated $1.06 in revenue for every dollar of total assets. The stable range of around 1.06 to 1.15 in the recent quarters suggests consistent asset utilization efficiency.
However, there are some quarters where the total asset turnover dropped to below 1, indicating that the company may not have been effectively using its assets to generate sales during those periods. An improvement in this ratio is generally desirable as it indicates that the company is generating more revenue from its assets.
Overall, the trend of the total asset turnover for Guess? Inc. has been relatively stable, with some fluctuations, and further analysis would be needed to understand the specific factors driving these variations in asset utilization efficiency.