Kroger Company (KR)
Total 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 |
| Total assets | US$ in thousands | 52,616,000 | 50,505,000 | 50,505,000 | 49,537,000 | 49,623,000 |
| Total asset turnover | 2.80 | 2.96 | 2.97 | 2.99 | 2.98 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $147,123,000K ÷ $52,616,000K
= 2.80
To analyze Kroger Company's total asset turnover, we use the formula:
Total Asset Turnover = Revenue / Average Total Assets
Based on the provided data:
- January 28, 2023: Total asset turnover was 2.98
- January 31, 2023: Total asset turnover was 2.99
- January 31, 2024: Total asset turnover was 2.97
- February 3, 2024: Total asset turnover was 2.96
- January 31, 2025: Total asset turnover was 2.80
The total asset turnover measures how efficiently the company is utilizing its assets to generate sales. A higher total asset turnover indicates that the company is effectively using its assets to generate revenue.
Kroger Company's total asset turnover has remained relatively stable over the years, ranging from 2.80 to 2.99. This suggests that the company has maintained a consistent level of efficiency in generating revenue from its assets.
It is important to note that changes in total asset turnover should be interpreted alongside other financial ratios and qualitative factors to gain a comprehensive understanding of Kroger Company's operational efficiency and financial performance.
Peer comparison
Jan 31, 2025