Kroger Company (KR)
Fixed asset turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 147,123,000 | 149,598,000 | 150,039,000 | 148,258,000 | 147,723,000 |
| Property, plant and equipment | US$ in thousands | — | 23,259,000 | — | 31,388,000 | 22,708,000 |
| Fixed asset turnover | — | 6.43 | — | 4.72 | 6.51 |
January 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $147,123,000K ÷ $—K
= —
The fixed asset turnover ratio for Kroger Company has shown variability over the past few fiscal years. In January 28, 2023, the ratio was 6.51, indicating that the company generated $6.51 in sales for every $1 of fixed assets. This ratio decreased to 4.72 in January 31, 2023, suggesting that Kroger was less efficient in utilizing its fixed assets to generate revenue during that period.
In January 31, 2024, the fixed asset turnover ratio was not available, denoted as "—", making it challenging to assess the company's performance in that particular fiscal year. However, in February 3, 2024, the ratio improved to 6.43, indicating that Kroger was able to enhance its efficiency in generating sales from its fixed assets compared to the previous year.
The data for January 31, 2025, also shows the fixed asset turnover ratio as "—", which again limits the ability to evaluate Kroger's asset utilization in that year. Overall, it is essential for Kroger to consistently monitor and improve its fixed asset turnover ratio to ensure optimal utilization of assets and maximize revenue generation.
Peer comparison
Jan 31, 2025