Kroger Company (KR)
Total asset turnover
| Feb 3, 2024 | Nov 4, 2023 | Aug 12, 2023 | May 20, 2023 | Jan 28, 2023 | Nov 5, 2022 | Aug 13, 2022 | May 21, 2022 | Jan 29, 2022 | Nov 6, 2021 | Aug 14, 2021 | May 22, 2021 | Jan 30, 2021 | Nov 7, 2020 | May 23, 2020 | Feb 1, 2020 | Nov 9, 2019 | Aug 17, 2019 | May 25, 2019 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 149,599,000 | 147,344,000 | 147,560,000 | 148,311,000 | 147,722,000 | 145,928,000 | 143,574,000 | 140,608,000 | 137,318,000 | 135,034,000 | 132,903,000 | 142,733,000 | 130,353,000 | 127,559,000 | 126,003,000 | 121,682,000 | 121,073,000 | 120,766,000 | 120,453,000 | 120,737,000 |
| Total assets | US$ in thousands | 50,505,000 | 51,021,000 | 50,202,000 | 50,193,000 | 49,623,000 | 49,987,000 | 48,741,000 | 49,091,000 | 49,086,000 | 49,829,000 | 48,461,000 | 48,811,000 | 48,662,000 | 48,465,000 | 46,942,000 | 45,256,000 | 45,393,000 | 44,462,000 | 44,319,000 | 38,118,000 |
| Total asset turnover | 2.96 | 2.89 | 2.94 | 2.95 | 2.98 | 2.92 | 2.95 | 2.86 | 2.80 | 2.71 | 2.74 | 2.92 | 2.68 | 2.63 | 2.68 | 2.69 | 2.67 | 2.72 | 2.72 | 3.17 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $149,599,000K ÷ $50,505,000K
= 2.96
The total asset turnover of Kroger Company has shown some fluctuations over the past few periods. The ratio has ranged between 2.63 and 3.17, with an average of approximately 2.84. This metric indicates that Kroger is generating revenue efficiently in relation to its total assets.
A higher total asset turnover suggests that the company is utilizing its assets effectively to generate sales. In contrast, a lower ratio may indicate that the firm is not efficiently using its assets to drive revenue.
It is worth noting that while the total asset turnover has shown some variability, it has generally remained within a relatively stable range, indicating consistent performance in efficiently generating sales from its total asset base. Monitoring this ratio over time can provide insights into Kroger's operational efficiency and ability to maximize its asset utilization for revenue generation.
Peer comparison
Feb 3, 2024