Macy’s Inc (M)
Fixed asset turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,006,000 | 23,866,000 | 23,866,000 | 23,866,000 | 25,449,000 |
| Property, plant and equipment | US$ in thousands | — | 5,308,000 | — | 8,596,000 | 5,913,000 |
| Fixed asset turnover | — | 4.50 | — | 2.78 | 4.30 |
January 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $23,006,000K ÷ $—K
= —
The fixed asset turnover ratio for Macy's Inc has shown fluctuation over the years. In January 28, 2023, the fixed asset turnover was 4.30, indicating that the company generated $4.30 in sales for every dollar invested in fixed assets. This ratio decreased to 2.78 by January 31, 2023, which could suggest that the company's fixed assets were not utilized as effectively to generate sales during that period.
In January 31, 2024, the fixed asset turnover ratio was not reported (denoted by "—"), making it challenging to assess the company's performance in utilizing its fixed assets to generate revenue during that period. However, the ratio improved significantly to 4.50 by February 3, 2024, indicating a more efficient use of fixed assets to generate sales.
Subsequently, in January 31, 2025, the fixed asset turnover ratio was also not reported (denoted by "—"), which poses a similar challenge in evaluating the company's performance in utilizing fixed assets for revenue generation during that period.
Overall, the trend in fixed asset turnover for Macy's Inc highlights both periods of efficient utilization of fixed assets to generate sales and instances where there may be room for improvement in optimizing the productivity of these assets.
Peer comparison
Jan 31, 2025