Lowe's Companies Inc (LOW)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 2, 2024	Jan 31, 2024	Nov 3, 2023	Oct 31, 2023	Aug 4, 2023	Jul 31, 2023	Apr 30, 2023	Feb 3, 2023	Jan 31, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022	Apr 30, 2022	Apr 29, 2022	Jan 31, 2022
Revenue (ttm)	US$ in thousands	83,673,000	83,351,000	81,783,000	78,296,000	77,403,000	83,752,000	90,106,000	92,354,000	93,570,000	91,435,000	89,958,000	90,781,000	96,570,000	101,332,000	101,512,000	101,759,000	95,622,000	89,528,000	90,291,000	89,568,000
Property, plant and equipment	US$ in thousands	—	—	—	—	17,228,000	—	17,527,000	21,174,000	17,373,000	21,023,000	17,402,000	17,567,000	21,085,000	20,787,000	17,275,000	18,713,000	18,713,000	23,021,000	18,890,000	23,179,000
Fixed asset turnover		—	—	—	—	4.49	—	5.14	4.36	5.39	4.35	5.17	5.17	4.58	4.87	5.88	5.44	5.11	3.89	4.78	3.86

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $83,673,000K ÷ $—K
= —

The fixed asset turnover ratio of Lowe's Companies Inc has demonstrated some variation over the past few quarters. The ratio started at 3.86 for the period ending January 31, 2022, then increased to 5.44 by July 31, 2022. Further improvements were seen by October 28, 2022, where the ratio reached 5.88.

However, there was a slight decline in the fixed asset turnover ratio to 4.58 by January 31, 2023. The ratio remained relatively stable around the 5 mark until reaching a peak of 5.39 on August 4, 2023. Subsequently, a decline was observed, with the ratio dropping to 4.36 by October 31, 2023.

Notably, data for the latter part of the analysis period (from January 31, 2024 to January 31, 2025) is unavailable, as indicated by "—" in the dataset. This lack of data hinders a complete trend analysis of Lowe's fixed asset turnover ratio beyond October 31, 2023.

In general, a high fixed asset turnover ratio indicates that Lowe's is efficiently utilizing its fixed assets to generate revenue. However, the fluctuations observed in the ratio over the analyzed period suggest shifts in how effectively the company is managing its fixed assets for revenue generation. Further analysis might be required to understand the specific factors driving these variations in the fixed asset turnover ratio of Lowe's Companies Inc.