GameStop Corp (GME)
Fixed asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,823,000 | 4,334,000 | 5,267,300 | 5,547,300 | 5,743,800 | 5,114,000 | 4,484,200 | 4,643,000 | 4,801,800 | 5,864,400 | 6,927,000 | 6,876,300 | 6,825,600 | 5,735,200 | 4,644,800 | 4,836,800 | 5,904,300 | 7,022,200 | 7,182,800 | 7,101,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 94,900 | — | 684,900 | 114,500 | 119,300 | 119,300 | 123,600 | 123,600 | 697,300 | 136,500 | 138,500 | 138,500 | 146,800 | 146,800 | 157,400 | 163,600 |
| Fixed asset turnover | — | — | — | — | 60.52 | — | 6.55 | 40.55 | 40.25 | 49.16 | 56.04 | 55.63 | 9.79 | 42.02 | 33.54 | 34.92 | 40.22 | 47.84 | 45.63 | 43.40 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,823,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
Analyzing the fixed asset turnover data provided for GameStop Corp, we observe fluctuations in the ratio over the reported periods. From January 31, 2022, to April 30, 2023, the ratio steadily increased from 43.40 to 56.04, indicating an improvement in the company's ability to generate revenue from its fixed assets.
However, there were significant declines in the fixed asset turnover ratio in the subsequent periods, with the ratio dropping to as low as 6.55 on October 31, 2023. Such a sharp decrease suggests a potential inefficiency in utilizing fixed assets to generate sales during that specific period.
Furthermore, the absence of data for the fixed asset turnover ratio from January 31, 2024, to January 31, 2025, may indicate a lack of reported financial information for those periods or a change in data availability.
Overall, analyzing the fixed asset turnover ratio for GameStop Corp highlights the need for consistent and efficient asset management to drive revenue generation and operational performance.