PVH Corp (PVH)

Total 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	9,217,700	9,216,500	9,134,400	9,059,400	9,024,200	8,965,200	9,016,900	9,198,100	9,154,700	8,814,800	8,600,400	7,867,900	7,132,600	7,643,600	8,113,200	8,896,700	9,909,000	9,792,200	9,729,000	9,698,500
Total assets	US$ in thousands	11,172,900	11,167,100	11,542,400	11,491,200	11,768,300	11,405,900	11,922,300	11,889,300	12,396,800	12,816,000	12,797,300	12,701,600	13,293,500	13,257,200	13,252,500	12,294,200	13,631,000	14,019,200	13,820,900	13,355,000
Total asset turnover		0.83	0.83	0.79	0.79	0.77	0.79	0.76	0.77	0.74	0.69	0.67	0.62	0.54	0.58	0.61	0.72	0.73	0.70	0.70	0.73

February 4, 2024 calculation

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

The total asset turnover ratio for PVH Corp has exhibited some fluctuations over the past few quarters but generally indicates the company's ability to generate revenue in relation to its total assets. The ratio has ranged between 0.54 and 0.83, with a downward trend observed from the beginning of 2021 to early 2023 before showing signs of improvement.

A total asset turnover ratio below 1 suggests that PVH Corp is not generating sufficient revenue compared to its total assets. However, the ratio has been relatively stable around the 0.7 mark more recently, indicating a more efficient utilization of assets to generate sales.

It is important for PVH Corp to monitor and potentially improve its total asset turnover ratio to ensure optimal utilization of its assets in revenue generation. Further analysis into the company's operational efficiency and asset turnover cycles may provide insights on enhancing its performance in this area.