Macy’s Inc (M)
Total 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 |
| Total assets | US$ in thousands | 16,246,000 | 18,111,000 | 16,304,000 | 16,868,000 | 16,866,000 | 18,230,000 | 16,342,000 | 16,972,000 | 17,590,000 | 18,279,000 | 18,417,000 | 18,082,000 | 17,706,000 | 19,214,000 | 17,614,000 | 18,581,000 | 21,172,000 | 22,547,000 | 20,741,000 | 21,296,000 |
| Total asset turnover | 1.47 | 1.33 | 1.50 | 1.49 | 1.51 | 1.40 | 1.55 | 1.48 | 1.37 | 1.22 | 1.14 | 1.05 | 0.98 | 0.99 | 1.15 | 1.20 | 1.17 | 1.11 | 1.22 | 1.19 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,866,000K ÷ $16,246,000K
= 1.47
Total asset turnover measures how efficiently a company generates revenue from its total assets. A higher total asset turnover indicates that the company utilizes its assets more efficiently to generate sales.
Analyzing Macy's Inc total asset turnover over the past few quarters, we can observe fluctuations in the ratio. The ratio ranged from 0.98 to 1.55 over the analyzed period. Generally, a total asset turnover above 1 indicates that Macy's is generating more revenue relative to its total assets, which is a positive aspect.
From the data provided, we can see that Macy's total asset turnover has been relatively stable in recent quarters, ranging between 1.30 and 1.50. This suggests that Macy's has been able to effectively utilize its assets to generate sales consistently during this period.
It is essential for investors and analysts to monitor total asset turnover as it provides insights into Macy's operational efficiency and how effectively it is utilizing its assets to generate revenue. A sustained high total asset turnover indicates strong operational efficiency, while a declining ratio may signal inefficiencies in asset utilization.
Peer comparison
Feb 3, 2024