Lowe's Companies Inc (LOW)
Total 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 |
| Total assets | US$ in thousands | 43,102,000 | 44,743,000 | 44,934,000 | 45,365,000 | 41,795,000 | 43,356,000 | 42,519,000 | 42,519,000 | 44,521,000 | 44,521,000 | 45,917,000 | 43,708,000 | 43,708,000 | 46,973,000 | 46,973,000 | 46,725,000 | 46,725,000 | 49,725,000 | 49,725,000 | 44,640,000 |
| Total asset turnover | 1.94 | 1.86 | 1.82 | 1.73 | 1.85 | 1.93 | 2.12 | 2.17 | 2.10 | 2.05 | 1.96 | 2.08 | 2.21 | 2.16 | 2.16 | 2.18 | 2.05 | 1.80 | 1.82 | 2.01 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $83,673,000K ÷ $43,102,000K
= 1.94
The total asset turnover ratio for Lowe's Companies Inc has shown fluctuations over the period under review. The ratio was 2.01 as of January 31, 2022, indicating that the company generated $2.01 in revenue for every $1 of total assets. Subsequently, the total asset turnover decreased to 1.82 as of April 29, 2022, and further declined to 1.80 by April 30, 2022.
There was an improvement in the total asset turnover ratio in the following quarters, reaching 2.18 as of July 31, 2022, and then peaking at 2.21 by January 31, 2023. The ratio fluctuated in the subsequent periods but generally remained above 2.0, which suggests that Lowe's efficiently utilized its assets to generate sales.
However, there was a decline in the total asset turnover ratio towards the end of the period, with the ratio dropping to 1.86 as of October 31, 2024, and further declining to 1.94 by January 31, 2025. This decrease may indicate a potential decrease in sales relative to the total assets the company holds.
Overall, Lowe's total asset turnover ratio has shown variability over the period, indicating fluctuations in the company's ability to generate sales from its total asset base. Further analysis of the company's operational efficiency and sales strategies may provide insights into the factors driving these fluctuations.
Peer comparison
Jan 31, 2025