Ollie's Bargain Outlet Hldg (OLLI)

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	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
Total assets	US$ in thousands	2,294,590	2,194,360	2,154,160	2,091,040	2,044,100	2,009,970	1,999,190	1,989,830	1,972,170	1,946,560	2,042,090	2,043,490	2,005,860	1,931,860	1,842,440	1,643,110	1,596,250	1,530,470	1,544,340	1,479,290
Total asset turnover		0.92	0.91	0.90	0.90	0.89	0.88	0.87	0.86	0.89	0.91	0.88	0.94	0.90	0.89	0.88	0.87	0.88	0.90	0.87	0.87

February 3, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,102,528K ÷ $2,294,590K
= 0.92

The total asset turnover ratio of Ollie's Bargain Outlet Hldg has been relatively stable over the past several quarters, ranging between 0.86 to 0.94. This ratio measures the efficiency of the company in generating sales revenue from its total assets. A ratio below 1.0 indicates that the company is not generating a high level of sales from its assets, suggesting potential inefficiencies in asset utilization.

In the case of Ollie's Bargain Outlet Hldg, the total asset turnover ratios hover around 0.90, implying that for each dollar of assets the company holds, it generates approximately $0.90 of sales. This could suggest that the company may have some room for improvement in optimizing its asset utilization to drive higher sales revenue relative to its asset base. Additionally, the stability of the ratio indicates a consistent performance in this aspect of the company's operations over the quarters analyzed.