GameStop Corp (GME)
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 | 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 |
| Total assets | US$ in thousands | 2,709,000 | 3,146,900 | 2,803,700 | 3,070,200 | 3,113,400 | 3,322,500 | 2,799,500 | 3,125,500 | 3,499,300 | 3,762,000 | 3,545,800 | 2,562,700 | 2,472,600 | 2,601,400 | 2,375,200 | 2,469,000 | 2,819,700 | 3,145,600 | 2,987,900 | 3,633,300 |
| Total asset turnover | 1.95 | 1.81 | 2.07 | 1.88 | 1.90 | 1.79 | 2.17 | 1.96 | 1.72 | 1.56 | 1.58 | 2.09 | 2.06 | 1.98 | 2.36 | 2.41 | 2.29 | 2.33 | 2.62 | 2.21 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,272,800K ÷ $2,709,000K
= 1.95
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more effectively to generate revenue.
Based on the data provided for GameStop Corp over the past few reporting periods, we can observe fluctuations in the total asset turnover ratio. The ratio has ranged from a low of 1.56 to a high of 2.62. Generally, we see a trend of fluctuation in this ratio over time.
The highest total asset turnover ratio of 2.62 was reported in one of the periods, indicating that GameStop Corp generated $2.62 in revenue for every dollar of assets it had during that period. On the other hand, the lowest ratio of 1.56 suggests that the company generated $1.56 in revenue for every dollar of assets in another period.
Overall, it is important for GameStop Corp to consistently monitor and manage its assets effectively to improve its total asset turnover ratio, which in turn can lead to increased revenue generation and improved financial performance.