Macy’s Inc (M)
Fixed asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 23,006,000 | 23,374,000 | 26,846,000 | 26,788,000 | 26,826,000 | 23,731,000 | 20,636,000 | 20,771,000 | 20,906,000 | 24,152,000 | 27,455,000 | 27,749,000 | 28,043,000 | 25,321,000 | 22,572,000 | 22,644,000 | 26,106,000 | 28,955,000 | 28,774,000 | 28,487,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 5,308,000 | — | 8,597,000 | 5,813,000 | 8,568,000 | 5,876,000 | 5,864,000 | 5,864,000 | 8,596,000 | 5,913,000 | 8,530,000 | 5,831,000 | 8,371,000 | 5,656,000 | 8,371,000 | 8,337,000 |
| Fixed asset turnover | — | — | — | — | 5.05 | — | 2.40 | 3.57 | 2.44 | 4.11 | 4.68 | 4.73 | 3.26 | 4.28 | 2.65 | 3.88 | 3.12 | 5.12 | 3.44 | 3.42 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,006,000K ÷ $—K
= —
Fixed asset turnover is a key financial ratio that measures how effectively a company is utilizing its fixed assets to generate revenue. In the case of Macy's Inc, the fixed asset turnover ratio has shown fluctuations over the reporting periods provided.
Starting from January 31, 2022, the fixed asset turnover ratio was 3.42, indicating that Macy's generated $3.42 in sales for every dollar invested in fixed assets. Subsequently, the ratio increased to 5.12 by July 30, 2022, suggesting that the company was more efficient in utilizing its fixed assets to generate revenue during that period.
However, the ratio declined to 2.65 by October 31, 2022, and further to 2.44 by July 31, 2023, indicating a decrease in the efficiency of utilizing fixed assets to generate sales. Subsequently, there was an uptick in the ratio to 4.73 by April 29, 2023, reflecting an improvement in asset utilization efficiency.
The ratio fluctuated further over the subsequent periods, with values ranging from 2.40 to 5.05. Notably, there was no data available for the fixed asset turnover ratio for January 31, 2024, and subsequent periods.
Overall, the trend in Macy's fixed asset turnover ratio indicates varying levels of efficiency in utilizing fixed assets to generate sales over the reported periods. It is important for investors and analysts to monitor this ratio to assess the company's operational efficiency and asset utilization.
Peer comparison
Jan 31, 2025