Ollie's Bargain Outlet Hldg (OLLI)

Total asset turnover

Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Feb 3, 2024 Jan 31, 2024 Oct 31, 2023 Oct 28, 2023 Jul 31, 2023 Jul 29, 2023 Apr 30, 2023 Apr 29, 2023 Jan 31, 2023 Jan 28, 2023 Oct 31, 2022 Oct 29, 2022 Jul 31, 2022 Jul 30, 2022 Apr 30, 2022 Jan 31, 2022
Revenue (ttm) US$ in thousands 2,271,705 2,253,510 2,385,031 2,286,706 2,257,938 2,123,558 1,989,118 1,968,222 1,947,252 1,982,532 2,017,793 1,976,711 1,935,703 1,838,396 1,741,108 1,729,702 1,812,765 1,861,418 1,792,423 1,769,244
Total assets US$ in thousands 2,561,140 2,470,840 2,374,290 2,311,470 2,294,590 2,428,770 2,194,360 2,194,360 2,154,160 2,154,160 2,091,040 2,091,040 2,044,100 2,044,100 2,009,970 2,009,970 1,999,190 1,999,190 1,989,830 1,972,170
Total asset turnover 0.89 0.91 1.00 0.99 0.98 0.87 0.91 0.90 0.90 0.92 0.96 0.95 0.95 0.90 0.87 0.86 0.91 0.93 0.90 0.90

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,271,705K ÷ $2,561,140K
= 0.89

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales from its total assets. A higher turnover ratio typically indicates that the company is efficiently utilizing its assets to generate revenue.

Based on the data provided for Ollie's Bargain Outlet Hldg, the total asset turnover ratio fluctuated within a range over the period from January 31, 2022, to January 31, 2025. The ratio ranged from a low of 0.86 to a high of 1.00, with the latest reported ratio being 0.89 as of January 31, 2025.

The stability and consistency of the total asset turnover ratio around the range of 0.86 to 1.00 suggest that Ollie's Bargain Outlet Hldg has been maintaining a relatively efficient use of its assets to generate sales over the years analyzed. However, the slight decrease in the ratio towards the end of the period may indicate a potential decrease in asset efficiency or a change in business operations that impacted the company's ability to generate sales from its assets.

Further analysis and comparison with industry peers or historical data could provide more insights into the company's asset management efficiency and its overall financial performance.