Home Depot Inc (HD)
Total asset turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 159,514,000 | 152,669,000 | 152,669,000 | 157,403,000 | 157,403,000 |
| Total assets | US$ in thousands | 96,119,000 | 76,530,000 | 76,530,000 | 76,445,000 | 76,445,000 |
| Total asset turnover | 1.66 | 1.99 | 1.99 | 2.06 | 2.06 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $159,514,000K ÷ $96,119,000K
= 1.66
Based on the provided data, Home Depot Inc's total asset turnover has shown relatively consistent performance over the past few years. The total asset turnover ratio measures the company's ability to generate sales revenue in relation to its total assets.
Home Depot Inc's total asset turnover was 2.06 for both January 29, 2023, and January 31, 2023, indicating that the company effectively utilized its assets to generate revenue. However, there was a slight decline to 1.99 as of January 28, 2024, and this ratio remained the same in the following year, January 31, 2024.
The most noticeable change occurred on January 31, 2025, when Home Depot Inc's total asset turnover decreased to 1.66. This decrease suggests that the company may not have been as efficient in generating sales relative to its total assets during that period.
Overall, Home Depot Inc's total asset turnover has shown some variation but has generally maintained at a level above 1, indicating that the company has been effectively utilizing its assets to generate sales revenue.
Peer comparison
Jan 31, 2025