Oxford Industries Inc (OXM)
Total asset turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,573,230 | 1,414,130 | 1,145,750 | 748,833 | 1,123,790 |
| Total assets | US$ in thousands | 1,097,840 | 1,188,660 | 957,642 | 865,634 | 1,033,370 |
| Total asset turnover | 1.43 | 1.19 | 1.20 | 0.87 | 1.09 |
February 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,573,230K ÷ $1,097,840K
= 1.43
The total asset turnover ratio of Oxford Industries Inc has shown a positive trend over the past five years, increasing from 0.87 in January 30, 2021, to 1.43 in February 3, 2024. This indicates that the company is generating more revenue relative to its total assets. A higher total asset turnover ratio suggests that Oxford Industries is using its assets more efficiently to generate sales. This improvement is a positive sign for the company's operational efficiency and overall performance. It indicates that Oxford Industries has been able to increase its revenue generation without significantly increasing its asset base, which is a key indicator of financial health and management effectiveness.
Peer comparison
Feb 3, 2024