Ollie's Bargain Outlet Hldg (OLLI)

Total asset turnover

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Revenue	US$ in thousands	2,102,700	1,827,080	1,752,950	1,808,570	1,407,980
Total assets	US$ in thousands	2,294,590	2,044,100	1,972,170	2,005,860	1,596,250
Total asset turnover		0.92	0.89	0.89	0.90	0.88

February 3, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,102,700K ÷ $2,294,590K
= 0.92

The total asset turnover ratio for Ollie's Bargain Outlet Hldg has been relatively consistent over the past five years, ranging from 0.88 to 0.92. This ratio indicates the company's efficiency in generating sales from its total assets. A total asset turnover ratio of less than 1.0 suggests that the company is not generating enough sales relative to its total assets.

In Ollie's case, the consistency of the ratio over the years indicates that the company has been maintaining a stable level of sales relative to its total assets. However, there may be room for improvement in utilizing assets more efficiently to generate higher sales.

It is essential for Ollie's Bargain Outlet Hldg to continue monitoring and working on improving its total asset turnover to ensure optimal utilization of its assets and enhance overall financial performance.