Oxford Industries Inc (OXM)

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	1,573,231	1,553,886	1,540,289	1,483,400	1,414,128	1,332,629	1,267,325	1,232,567	1,145,748	1,063,530	990,936	854,252	748,833	826,062	892,148	1,002,160	1,123,790	1,123,729	1,116,170	1,116,811
Total assets	US$ in thousands	1,097,840	1,162,160	1,149,860	1,194,230	1,188,660	1,140,320	957,202	947,017	957,642	932,803	931,749	900,982	865,634	902,017	952,549	1,097,470	1,033,370	1,013,080	1,010,190	1,024,420
Total asset turnover		1.43	1.34	1.34	1.24	1.19	1.17	1.32	1.30	1.20	1.14	1.06	0.95	0.87	0.92	0.94	0.91	1.09	1.11	1.10	1.09

February 3, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,573,231K ÷ $1,097,840K
= 1.43

Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. The ratio is calculated by dividing net sales by average total assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate revenue.

In the case of Oxford Industries Inc, the total asset turnover has varied over the past few quarters, ranging from a low of 0.87 to a high of 1.43. The ratio has shown some fluctuations but generally trended upwards over the period analyzed. This indicates that the company has been improving its efficiency in generating sales from its assets.

The ratio was highest in February 2024 at 1.43, indicating that Oxford Industries Inc generated $1.43 in sales for every $1 of total assets during that period. This suggests that the company was able to effectively utilize its assets to drive revenue.

On the other hand, the lowest total asset turnover was observed in May 2021 at 0.87, indicating that the company generated less revenue per dollar of assets during that period. This could be a red flag and may require further investigation to understand the reasons behind the decline in efficiency.

Overall, a consistently improving total asset turnover ratio can be a positive sign for Oxford Industries Inc, as it shows that the company is becoming more efficient in its asset utilization and revenue generation. It is important for investors and stakeholders to monitor this ratio to assess the company's operational efficiency and effectiveness in managing its assets.