Kohls Corp (KSS)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,132,000 | 17,794,000 | 18,972,000 | 15,798,000 | 19,776,000 |
| Total assets | US$ in thousands | 14,009,000 | 14,345,000 | 15,054,000 | 15,337,000 | 14,555,000 |
| Total asset turnover | 1.22 | 1.24 | 1.26 | 1.03 | 1.36 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $17,132,000K ÷ $14,009,000K
= 1.22
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its total assets. This ratio indicates how well a company is utilizing its assets to generate sales.
Looking at the data provided for Kohls Corp over the past five years, we can observe fluctuations in the total asset turnover ratio. The ratio has varied between 1.03 and 1.36 during this period.
A total asset turnover ratio of 1.22 in the most recent period indicates that for every dollar of total assets Kohls Corp possesses, the company generated $1.22 in sales revenue. This implies that Kohls Corp has been effectively utilizing its assets to drive sales.
The fluctuations in the total asset turnover ratio over the years may suggest changes in Kohls Corp's business operations and asset utilization efficiency. A higher total asset turnover ratio, such as 1.36 in 2020, indicates that the company was able to generate more sales relative to its total assets, reflecting efficient asset management. On the other hand, a lower ratio, like 1.03 in 2021, may suggest a decrease in sales generated from total assets, potentially signaling less efficient asset utilization.
Overall, monitoring the total asset turnover ratio over time can provide valuable insights into Kohls Corp's operational efficiency and effectiveness in utilizing its assets to drive sales growth.
Peer comparison
Feb 3, 2024