PVH Corp (PVH)

Total asset turnover

		Feb 4, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Revenue	US$ in thousands	9,217,700	9,024,200	9,154,700	7,132,600	9,909,000
Total assets	US$ in thousands	11,172,900	11,768,300	12,396,800	13,293,500	13,631,000
Total asset turnover		0.83	0.77	0.74	0.54	0.73

February 4, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $9,217,700K ÷ $11,172,900K
= 0.83

The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate revenue. PVH Corp's total asset turnover has shown improvement over the past five years, increasing from 0.73 in 2020 to 0.83 in 2024. This indicates that PVH Corp is generating more revenue per dollar of assets invested, which signifies improved efficiency in asset utilization. The trend suggests that the company has been more effective at generating sales from its assets in recent years, reflecting positively on its operational performance and management of resources. PVH Corp's increasing total asset turnover ratio demonstrates a growing efficiency in utilizing its assets to drive revenue.