GameStop Corp (GME)
Total 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 |
| Total assets | US$ in thousands | 5,875,400 | 6,240,200 | 5,536,300 | 2,587,100 | 2,709,000 | 2,837,400 | 3,146,900 | 3,146,900 | 2,803,700 | 2,803,700 | 3,070,200 | 3,070,200 | 3,113,400 | 3,113,400 | 3,322,500 | 3,322,500 | 2,799,500 | 2,799,500 | 3,125,500 | 3,499,300 |
| Total asset turnover | 0.65 | 0.69 | 0.95 | 2.14 | 2.12 | 1.80 | 1.42 | 1.48 | 1.71 | 2.09 | 2.26 | 2.24 | 2.19 | 1.84 | 1.40 | 1.46 | 2.11 | 2.51 | 2.30 | 2.03 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,823,000K ÷ $5,875,400K
= 0.65
GameStop Corp's total asset turnover has seen fluctuations over the past few years. It started at 2.03 in January 2022 and reached its peak at 2.51 in July 2022, indicating that the company generated $2.51 in revenue for every dollar of assets during that period. However, the ratio declined to 1.40 by October 2022 before gradually improving to 2.26 in April 2023.
The trend continued to be somewhat volatile, with the ratio dropping to 1.42 by October 2023 and then recovering to 2.12 by February 2024. However, in the most recent period reported in January 2025, the total asset turnover decreased significantly to only 0.65. This suggests that GameStop Corp is currently generating lower revenue relative to its total assets, which may indicate inefficiency in asset utilization or a decline in sales compared to the size of its asset base.
Further analysis would be needed to understand the reasons behind this decline and to assess the overall efficiency of the company in generating sales from its total assets.