Dave & Buster’s Entertainment (PLAY)
Total asset turnover
| Feb 4, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,066,500 | 1,875,440 | 1,243,140 | 436,512 | 1,354,690 |
| Total assets | US$ in thousands | 3,754,400 | 3,761,000 | 2,345,790 | 2,352,820 | 2,370,140 |
| Total asset turnover | 0.55 | 0.50 | 0.53 | 0.19 | 0.57 |
February 4, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,066,500K ÷ $3,754,400K
= 0.55
The total asset turnover ratio measures a company's ability to generate sales revenue from its total assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate sales. Over the past five years, Dave & Buster’s Entertainment has shown fluctuations in its total asset turnover ratio.
In February 2024, the total asset turnover ratio was 0.55, indicating that the company generated $0.55 in sales for every $1 of total assets. This represents an improvement compared to the previous year when the ratio was 0.50.
The highest total asset turnover ratio in the past five years was recorded in February 2020 at 0.57, suggesting that the company was effectively utilizing its assets to drive sales. On the other hand, the lowest total asset turnover ratio was in January 2021 at 0.19, indicating a decline in asset efficiency during that period.
Overall, it is essential for Dave & Buster’s Entertainment to continue monitoring and improving its total asset turnover ratio to ensure optimal utilization of its assets and sustainable growth in sales revenue.
Peer comparison
Feb 4, 2024