Macy’s Inc (M)
Fixed asset turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 23,866,000 | 24,074,000 | 24,503,000 | 25,057,000 | 25,449,000 | 25,519,000 | 25,304,000 | 25,040,000 | 24,097,000 | 22,264,000 | 20,925,000 | 18,914,000 | 17,325,000 | 18,967,000 | 20,244,000 | 22,238,000 | 24,752,000 | 24,995,000 | 25,251,000 | 25,316,000 |
| Property, plant and equipment | US$ in thousands | 5,308,000 | 5,813,000 | 5,876,000 | 5,864,000 | 5,913,000 | 5,831,000 | 5,656,000 | 5,601,000 | 5,665,000 | 5,600,000 | 5,713,000 | 5,798,000 | 5,940,000 | 6,122,000 | 6,279,000 | 6,425,000 | 6,633,000 | 6,558,000 | 6,483,000 | 6,499,000 |
| Fixed asset turnover | 4.50 | 4.14 | 4.17 | 4.27 | 4.30 | 4.38 | 4.47 | 4.47 | 4.25 | 3.98 | 3.66 | 3.26 | 2.92 | 3.10 | 3.22 | 3.46 | 3.73 | 3.81 | 3.89 | 3.90 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,866,000K ÷ $5,308,000K
= 4.50
Macy's Inc has shown fluctuations in its fixed asset turnover ratio over the past several quarters. The fixed asset turnover ratio measures how efficiently a company generates sales revenue from its investment in fixed assets. A higher turnover ratio indicates better utilization of fixed assets to generate sales.
Based on the data provided:
- Macy's fixed asset turnover ratio ranged from 2.92 to 4.50 over the period.
- The ratio peaked at 4.50 in February 2024, indicating the highest level of efficiency in generating sales from fixed assets during that quarter.
- The lowest ratio of 2.92 was recorded in January 2021, suggesting a decrease in the efficiency of utilizing fixed assets to generate revenue during that period.
- Overall, Macy's fixed asset turnover ratio has shown some variability but has generally remained above 3.00, signaling a relatively efficient utilization of fixed assets to generate sales across most quarters.
It is essential for Macy's to maintain a healthy fixed asset turnover ratio to optimize the use of its fixed assets and maximize revenue generation. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset management strategies.
Peer comparison
Feb 3, 2024