Home Depot Inc (HD)
Fixed asset turnover
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 152,669,000 | 157,403,000 | 151,157,000 | 132,110,000 | 110,225,000 |
| Property, plant and equipment | US$ in thousands | 26,154,000 | 25,631,000 | 25,199,000 | 24,705,000 | 22,770,000 |
| Fixed asset turnover | 5.84 | 6.14 | 6.00 | 5.35 | 4.84 |
January 28, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $152,669,000K ÷ $26,154,000K
= 5.84
Over the past five years, Home Depot Inc has demonstrated a consistent and strong fixed asset turnover ratio, indicating the company's efficiency in generating sales revenue from its investment in fixed assets. The fixed asset turnover ratio has ranged from 4.84 to 6.14, with the highest being 6.14 in January 2023. This implies that for each dollar invested in fixed assets, Home Depot Inc generated between $4.84 and $6.14 in sales revenue. The decreasing trend from 6.14 in January 2023 to 5.84 in January 2024 suggests a slight decline in efficiency in utilizing fixed assets to generate sales revenue in the most recent year. However, the overall ratios remain above 5.00, indicating that Home Depot Inc effectively utilizes its fixed assets to drive revenue growth.
Peer comparison
Jan 28, 2024