Kroger Company (KR)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 149,598,000 | 147,723,000 | 137,317,000 | 131,954,000 | 121,683,000 |
| Total assets | US$ in thousands | 50,505,000 | 49,623,000 | 49,086,000 | 48,662,000 | 45,256,000 |
| Total asset turnover | 2.96 | 2.98 | 2.80 | 2.71 | 2.69 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $149,598,000K ÷ $50,505,000K
= 2.96
Total asset turnover is a financial ratio that measures a company's ability to generate revenue relative to its total assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate sales.
Looking at the trend for Kroger Company's total asset turnover from 2020 to 2024, we observe fluctuations but an overall stable performance. The ratio has ranged from 2.69 to 2.98, with the highest being in 2023 and the lowest in 2020. This suggests that Kroger is effectively using its assets to generate revenue, with a peak efficiency in 2023.
The consistent total asset turnover ratios above 2.5 indicate that Kroger is efficiently managing its assets to drive sales. However, the slight fluctuations in the ratio indicate potential changes in the company's asset management efficiency over the years. Overall, Kroger's total asset turnover ratio over the five-year period demonstrates a strong performance in asset utilization to support its revenue generation.
Peer comparison
Feb 3, 2024