Kroger Company (KR)
Fixed asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Nov 4, 2023 | Oct 31, 2023 | Aug 12, 2023 | Jul 31, 2023 | May 20, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 28, 2023 | Nov 5, 2022 | Oct 31, 2022 | Aug 13, 2022 | Jul 31, 2022 | May 21, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 147,123,000 | 149,779,000 | 153,209,000 | 153,160,000 | 141,848,000 | 138,644,000 | 135,433,000 | 146,582,000 | 157,790,000 | 158,852,000 | 159,708,000 | 148,775,000 | 137,808,000 | 137,497,000 | 137,426,000 | 147,770,000 | 158,172,000 | 156,709,000 | 154,986,000 | 142,288,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 23,259,000 | — | 24,882,000 | 31,634,000 | 24,894,000 | 31,591,000 | 24,935,000 | 31,594,000 | — | 22,708,000 | 24,080,000 | 30,785,000 | 24,118,000 | 30,889,000 | 24,209,000 | 30,969,000 |
| Fixed asset turnover | — | — | — | — | 6.10 | — | 5.44 | 4.63 | 6.34 | 5.03 | 6.40 | 4.71 | — | 6.06 | 5.71 | 4.80 | 6.56 | 5.07 | 6.40 | 4.59 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $147,123,000K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. The fixed asset turnover ratio is calculated by dividing net sales by average fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
Analyzing Kroger Company's fixed asset turnover based on the provided data, we observe fluctuations in the ratio over time. The ratio ranges from 4.59 to 6.56 during the period from April 30, 2022, to February 3, 2024. These variations suggest changes in how effectively Kroger is utilizing its fixed assets to generate sales.
For example, on May 21, 2022, the fixed asset turnover was 6.40, indicating that Kroger generated $6.40 in sales for every dollar invested in fixed assets. This high ratio suggests efficient asset utilization during that period. Conversely, on October 31, 2023, the ratio decreased to 4.63, implying a lower level of efficiency in utilizing fixed assets to generate revenue.
The absence of data for certain dates, such as January 31, 2023, April 30, 2024, and beyond, limits the ability to assess Kroger's fixed asset turnover during those periods. Overall, monitoring the fixed asset turnover ratio over time can provide insights into Kroger's operational efficiency and effectiveness in utilizing its fixed assets to drive sales.
Peer comparison
Jan 31, 2025