Lowe's Companies Inc (LOW)
Total asset turnover
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 84,597,000 | 89,536,000 | 96,644,000 | 95,481,000 | 94,907,000 | 94,431,000 | 94,574,000 | 95,365,000 | 94,353,000 | 92,681,000 | 92,406,000 | 87,663,000 | 83,405,000 | 79,589,000 | 73,324,000 | 71,431,000 | 71,088,000 | 71,150,000 | 71,081,000 | 70,721,000 |
| Total assets | US$ in thousands | 41,795,000 | 42,519,000 | 44,521,000 | 43,708,000 | 46,973,000 | 46,725,000 | 49,725,000 | 44,640,000 | 49,400,000 | 49,404,000 | 51,200,000 | 46,735,000 | 50,880,000 | 51,763,000 | 45,832,000 | 39,471,000 | 39,764,000 | 40,695,000 | 43,219,000 | 34,508,000 |
| Total asset turnover | 2.02 | 2.11 | 2.17 | 2.18 | 2.02 | 2.02 | 1.90 | 2.14 | 1.91 | 1.88 | 1.80 | 1.88 | 1.64 | 1.54 | 1.60 | 1.81 | 1.79 | 1.75 | 1.64 | 2.05 |
February 2, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $84,597,000K ÷ $41,795,000K
= 2.02
Lowe's Companies Inc total asset turnover has experienced fluctuations over the past several quarters. The total asset turnover ratio indicates how efficiently the company utilizes its assets to generate revenue.
From February 2019 to February 2022, the total asset turnover ratio ranged between 1.54 and 2.18, with a general upward trend until August 2023. This signifies an improvement in the company's ability to generate sales relative to its total assets during this period.
However, from August 2023 to February 2024, the total asset turnover ratio showed mixed results, fluctuating between 1.90 and 2.17. This volatility may suggest challenges in efficiently utilizing the company's assets to generate revenue during these quarters.
Overall, while Lowe's Companies Inc has generally shown a strong ability to generate sales relative to its total assets, there have been fluctuations in its efficiency over the analyzed period. Further monitoring of the total asset turnover ratio will be essential to assess the company's ongoing operational efficiency and management of assets.
Peer comparison
Feb 2, 2024