Lululemon Athletica Inc. (LULU)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Revenue (ttm)	US$ in thousands	10,588,130	10,181,730	10,987,150	10,820,290	10,815,620	9,819,680	8,826,760	8,623,330	9,190,950	9,773,070	9,420,800	9,276,900	8,373,390	7,205,950	6,962,520	7,234,740	7,510,760	7,337,340	7,174,500	6,496,010
Property, plant and equipment	US$ in thousands	—	—	—	—	—	1,545,810	2,462,520	1,413,920	2,446,370	1,367,170	1,312,790	1,269,610	1,269,610	1,122,490	1,122,490	1,059,860	974,784	1,794,780	927,710	927,710
Fixed asset turnover		—	—	—	—	—	6.35	3.58	6.10	3.76	7.15	7.18	7.31	6.60	6.42	6.20	6.83	7.71	4.09	7.73	7.00

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,588,130K ÷ $—K
= —

The fixed asset turnover ratio of Lululemon Athletica Inc. has shown varying performance over the reported periods. The fixed asset turnover ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue.

- The ratio started at a high of 7.00 in January 30, 2022, showing that the company generated $7 in revenue for every dollar invested in fixed assets.
- It increased to 7.73 in January 31, 2022, signifying improved efficiency in asset utilization.
- However, there was a significant drop to 4.09 in April 30, 2022, which could indicate challenges or changes in the asset management process.
- Subsequently, the ratio recovered to 7.71 in May 1, 2022, suggesting improved performance in utilizing fixed assets.
- The ratio fluctuated in the following periods, ranging from 3.58 to 7.31, indicating some inconsistency in asset utilization efficiency.
- Notably, there are missing data points in the later periods, which could be due to various reasons such as changes in reporting practices or data availability.

Overall, Lululemon Athletica Inc. has generally maintained a moderate to high level of fixed asset turnover over the reported periods, although there are instances of fluctuations that may warrant further analysis to understand the factors driving these changes.