Ollie's Bargain Outlet Hldg (OLLI)

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	2,102,528	2,003,409	1,941,431	1,879,404	1,826,956	1,778,321	1,743,736	1,707,135	1,752,995	1,767,623	1,798,518	1,911,950	1,808,821	1,715,489	1,628,156	1,432,708	1,408,199	1,379,702	1,336,259	1,290,492
Property, plant and equipment	US$ in thousands	270,063	230,203	202,889	187,030	175,947	170,133	158,374	149,765	147,164	146,675	142,299	142,354	138,712	138,691	137,467	135,214	132,084	120,343	105,321	134,498
Fixed asset turnover		7.79	8.70	9.57	10.05	10.38	10.45	11.01	11.40	11.91	12.05	12.64	13.43	13.04	12.37	11.84	10.60	10.66	11.46	12.69	9.59

February 3, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,102,528K ÷ $270,063K
= 7.79

Fixed asset turnover measures how effectively a company is generating revenue from its investments in fixed assets. A higher fixed asset turnover indicates that the company is efficiently utilizing its fixed assets to generate sales.

In the case of Ollie's Bargain Outlet Hldg, the fixed asset turnover has generally been increasing over the periods provided, from 7.79 in February 2024 to 9.59 in May 2019. This upward trend suggests that the company's ability to generate sales from its fixed assets has been improving over time.

The highest fixed asset turnover of 13.43 was recorded in July 2021, indicating that during that period, Ollie's Bargain Outlet Hldg generated $13.43 in sales for every dollar invested in fixed assets. This indicates strong efficiency in utilizing fixed assets to drive revenue.

Overall, the increasing trend in fixed asset turnover for Ollie's Bargain Outlet Hldg reflects positively on the company's operational efficiency and effective management of fixed assets to drive sales growth.