GameStop Corp (GME)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,272,800 | 5,927,200 | 6,010,700 | 5,089,800 | 6,466,000 |
| Total assets | US$ in thousands | 2,709,000 | 3,113,400 | 3,499,300 | 2,472,600 | 2,819,700 |
| Total asset turnover | 1.95 | 1.90 | 1.72 | 2.06 | 2.29 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,272,800K ÷ $2,709,000K
= 1.95
GameStop Corp's total asset turnover has displayed fluctuations over the past five years. The company's ability to generate sales from its total assets peaked in February 2020 at 2.29 and then experienced a decline. In the most recent period ending February 3, 2024, the total asset turnover ratio was recorded at 1.95, indicating that for every dollar of assets, the company generated $1.95 in sales. This signifies a slight increase compared to the previous year but remains below the levels seen in fiscal year 2020. The trend suggests that GameStop Corp has been relatively efficient in utilizing its assets to generate sales, although there has been some variation in performance year over year.