Home Depot Inc (HD)
Total asset turnover
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 152,669,000 | 153,714,000 | 154,876,000 | 155,752,000 | 157,403,000 | 157,291,000 | 155,239,000 | 152,565,000 | 151,157,000 | 147,699,000 | 144,415,000 | 141,350,000 | 132,110,000 | 125,631,000 | 119,318,000 | 112,104,000 | 110,225,000 | 110,934,000 | 110,013,000 | 109,637,000 |
| Total assets | US$ in thousands | 76,530,000 | 75,577,000 | 76,387,000 | 76,386,000 | 76,445,000 | 76,866,000 | 75,825,000 | 76,567,000 | 71,876,000 | 73,031,000 | 70,769,000 | 72,567,000 | 70,581,000 | 66,919,000 | 63,349,000 | 58,737,000 | 51,236,000 | 52,309,000 | 52,010,000 | 51,515,000 |
| Total asset turnover | 1.99 | 2.03 | 2.03 | 2.04 | 2.06 | 2.05 | 2.05 | 1.99 | 2.10 | 2.02 | 2.04 | 1.95 | 1.87 | 1.88 | 1.88 | 1.91 | 2.15 | 2.12 | 2.12 | 2.13 |
January 28, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $152,669,000K ÷ $76,530,000K
= 1.99
The total asset turnover ratio for Home Depot Inc has shown fluctuations over the past several quarters, ranging from 1.87 to 2.15. The ratio indicates the efficiency with which the company generates sales revenue from its total assets.
The data suggests that Home Depot Inc has been effectively utilizing its assets to generate sales, with generally high turnover ratios above 2. However, there have been slight declines in the ratio in certain periods, such as in August 2021 and November 2020.
Overall, a total asset turnover ratio above 2 indicates that the company is efficiently managing its assets to generate sales. The fluctuations in the ratio should be further analyzed to understand the underlying factors influencing the company's asset utilization efficiency.
Peer comparison
Jan 28, 2024