Dave & Buster’s Entertainment (PLAY)

Fixed asset turnover

		Feb 4, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Revenue (ttm)	US$ in thousands	2,065,800	2,035,652	2,050,484	2,003,725	1,877,325	1,668,361	1,520,082	1,432,751	1,243,626	1,035,659	840,158	527,081	436,512	666,849	857,149	1,150,915	1,354,691	1,339,317	1,322,104	1,296,693
Property, plant and equipment	US$ in thousands	1,332,700	1,242,600	1,221,700	1,185,500	1,180,200	1,155,960	1,149,630	787,750	778,597	779,518	785,227	792,296	815,027	846,056	872,010	905,577	900,637	878,203	851,715	834,522
Fixed asset turnover		1.55	1.64	1.68	1.69	1.59	1.44	1.32	1.82	1.60	1.33	1.07	0.67	0.54	0.79	0.98	1.27	1.50	1.53	1.55	1.55

February 4, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,065,800K ÷ $1,332,700K
= 1.55

Fixed asset turnover is a key financial ratio used to evaluate how efficiently a company is utilizing its fixed assets to generate revenue. Dave & Buster’s Entertainment's fixed asset turnover has varied over the past few years, ranging from a low of 0.54 to a high of 1.82.

The trend indicates that the company's efficiency in generating revenue from its fixed assets has improved over time. The ratios have generally been above 1, suggesting that Dave & Buster’s is effectively leveraging its fixed assets to generate sales.

However, there have been fluctuations in the ratio, with some periods showing higher turnover than others. Overall, the increasing trend in the fixed asset turnover ratio demonstrates enhanced efficiency in the utilization of fixed assets to generate sales revenue, which is a positive sign for the company's operational performance.