Macy’s Inc (M)
Total 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 |
| Total assets | US$ in thousands | 16,402,000 | 16,246,000 | 16,246,000 | 16,866,000 | 16,866,000 |
| Total asset turnover | 1.40 | 1.47 | 1.47 | 1.42 | 1.51 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $23,006,000K ÷ $16,402,000K
= 1.40
Total asset turnover measures how efficiently a company utilizes its assets to generate sales. In the case of Macy’s Inc, we observe fluctuations in total asset turnover over the past five periods. The ratios are as follows: 1.51 (January 28, 2023), 1.42 (January 31, 2023), 1.47 (January 31, 2024), 1.47 (February 3, 2024), and 1.40 (January 31, 2025).
Overall, Macy’s Inc has maintained a relatively stable total asset turnover ratio, with slight variations. The ratio ranged from 1.40 to 1.51, indicating that for every dollar of total assets, Macy's generated sales ranging from $1.40 to $1.51. This suggests that Macy's is effectively utilizing its assets to drive sales, although there have been minor fluctuations in efficiency over the periods analyzed. Further analysis of the company's operational strategies and financial performance would provide additional insights into the factors influencing these variations in total asset turnover.
Peer comparison
Jan 31, 2025