GameStop Corp (GME)
Fixed 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 | 5,272,800 | 5,705,600 | 5,813,700 | 5,785,900 | 5,927,200 | 5,954,700 | 6,064,900 | 6,112,300 | 6,010,700 | 5,878,900 | 5,587,000 | 5,345,600 | 5,089,800 | 5,161,800 | 5,595,600 | 5,939,300 | 6,466,000 | 7,334,900 | 7,831,800 | 8,047,200 |
| Property, plant and equipment | US$ in thousands | 94,900 | 114,500 | 119,300 | 123,600 | 136,500 | 138,500 | 146,800 | 157,400 | 163,600 | 179,600 | 186,600 | 192,600 | 201,200 | 193,000 | 219,700 | 256,300 | 275,900 | 287,100 | 312,000 | 313,300 |
| Fixed asset turnover | 55.56 | 49.83 | 48.73 | 46.81 | 43.42 | 42.99 | 41.31 | 38.83 | 36.74 | 32.73 | 29.94 | 27.75 | 25.30 | 26.75 | 25.47 | 23.17 | 23.44 | 25.55 | 25.10 | 25.69 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,272,800K ÷ $94,900K
= 55.56
The fixed asset turnover ratio for GameStop Corp has exhibited a generally increasing trend over the past few years, indicating an improvement in the company's efficiency in generating sales from its investment in fixed assets. The ratio has shown significant growth, reaching a peak of 55.56 in February 2024, which suggests that GameStop is generating $55.56 in sales for every dollar invested in fixed assets.
This increasing trend reflects positively on GameStop's management of its fixed assets and operational efficiency. A higher fixed asset turnover ratio signifies that the company is utilizing its fixed assets more effectively to generate revenue, which could lead to higher profitability and return on investment.
Overall, the consistent improvement in GameStop's fixed asset turnover ratio indicates that the company has been successful in maximizing the productivity of its fixed assets, which is a positive sign for investors and stakeholders.