Ollie's Bargain Outlet Hldg (OLLI)

Total asset turnover

Jan 31, 2025 Feb 3, 2024 Jan 31, 2024 Jan 31, 2023 Jan 28, 2023
Revenue US$ in thousands 2,271,700 2,102,700 2,102,660 1,827,010 1,827,080
Total assets US$ in thousands 2,561,140 2,294,590 2,294,590 2,044,100 2,044,100
Total asset turnover 0.89 0.92 0.92 0.89 0.89

January 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,271,700K ÷ $2,561,140K
= 0.89

Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. In the case of Ollie's Bargain Outlet Holding, the total asset turnover ratio has remained relatively stable over the past few years. The ratio ranged from 0.89 to 0.92 during the period from January 28, 2023, to January 31, 2025.

A total asset turnover ratio of 0.89 to 0.92 indicates that for every dollar of assets, the company is generating around $0.89 to $0.92 of revenue. This suggests that Ollie's Bargain Outlet Holding is utilizing its assets efficiently to generate sales.

Overall, the relatively stable total asset turnover ratio for the company indicates that its asset management and revenue generation efficiency have been consistent over the analyzed period. Ollie's Bargain Outlet Holding seems to be effectively using its assets to drive revenue growth.