Kroger Company (KR)
Total 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 |
| Total assets | US$ in thousands | 52,616,000 | 62,418,000 | 51,443,000 | 51,579,000 | 50,505,000 | 50,505,000 | 51,021,000 | 51,021,000 | 50,202,000 | 50,202,000 | 50,193,000 | 50,193,000 | 49,623,000 | 49,623,000 | 49,987,000 | 49,987,000 | 48,741,000 | 48,741,000 | 49,091,000 | 49,091,000 |
| Total asset turnover | 2.80 | 2.40 | 2.98 | 2.97 | 2.81 | 2.75 | 2.65 | 2.87 | 3.14 | 3.16 | 3.18 | 2.96 | 2.78 | 2.77 | 2.75 | 2.96 | 3.25 | 3.22 | 3.16 | 2.90 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $147,123,000K ÷ $52,616,000K
= 2.80
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. It indicates the company's ability to generate sales relative to its asset base. In the case of Kroger Company, the total asset turnover ratio has fluctuated over the reported periods, ranging from a low of 2.40 to a high of 3.25.
The trend in Kroger's total asset turnover shows some variability. The ratio increased from 2.90 on April 30, 2022, to a peak of 3.25 on August 13, 2022, before experiencing some fluctuations. While the ratio peaked at 3.18 on May 20, 2023, and 3.16 on July 31, 2023, it declined to 2.65 on November 4, 2023, before recovering to 2.98 on July 31, 2024.
Overall, the company's total asset turnover indicates that Kroger effectively utilizes its assets to generate revenue, with some variability in efficiency levels. The management may want to analyze the factors leading to fluctuations in the ratio to sustain and improve asset utilization efficiency in the future.
Peer comparison
Jan 31, 2025