Lululemon Athletica Inc. (LULU)

Total asset turnover

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Revenue (ttm)	US$ in thousands	9,616,970	9,206,170	8,858,840	8,518,010	8,140,340	7,493,410	7,086,940	6,669,230	6,250,340	5,821,210	5,488,220	4,940,542	4,393,223	4,074,043	3,872,751	3,853,161	3,977,845	3,749,265	3,580,782	3,420,930
Total assets	US$ in thousands	7,091,940	6,022,260	5,992,460	5,571,540	5,607,040	5,309,440	4,920,710	4,697,210	4,942,480	4,572,010	4,405,100	4,329,830	4,185,220	3,627,920	3,494,030	3,201,790	3,281,350	2,855,140	2,694,740	2,463,020
Total asset turnover		1.36	1.53	1.48	1.53	1.45	1.41	1.44	1.42	1.26	1.27	1.25	1.14	1.05	1.12	1.11	1.20	1.21	1.31	1.33	1.39

January 28, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,616,970K ÷ $7,091,940K
= 1.36

The total asset turnover ratio for Lululemon Athletica Inc. fluctuated over the past few years, ranging between 1.05 and 1.53. The ratio measures how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover indicates better efficiency in generating sales from its assets.

Lululemon's total asset turnover peaked at 1.53 in October 29, 2023, indicating that the company generated $1.53 in revenue for every dollar of assets it held. This suggests that Lululemon efficiently utilized its assets to drive sales during this period.

On the other hand, the lowest total asset turnover of 1.05 was recorded on January 31, 2021, reflecting comparatively lower revenue generation from its assets during that period.

Overall, Lululemon Athletica Inc. has generally maintained a healthy total asset turnover ratio, signifying effective management of its assets to drive sales revenue over the analyzed period.