RH (RH)
Fixed asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,180,753 | 3,048,367 | 2,974,895 | 2,896,465 | 2,867,490 | 2,987,949 | 3,007,166 | 2,995,103 | 2,998,010 | 2,970,030 | 3,176,231 | 3,276,578 | 3,567,306 | 3,737,786 | 3,731,400 | 3,794,632 | 3,674,241 | 3,737,692 | 3,756,281 | 3,842,399 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 1,685,860 | — | — | 1,665,480 | — | 1,655,330 | — | 1,640,600 | — | 1,635,980 | 1,577,900 | — | 1,554,880 | — | — | 1,227,920 |
| Fixed asset turnover | — | — | — | — | 1.70 | — | — | 1.80 | — | 1.79 | — | 2.00 | — | 2.28 | 2.36 | — | 2.36 | — | — | 3.13 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,180,753K ÷ $—K
= —
RH's fixed asset turnover ratio has shown some fluctuations over the period indicated. The ratio was 3.13 on January 29, 2022, which indicates that the company generated $3.13 in net sales for every dollar invested in fixed assets. However, this ratio was not calculated for January 31, 2022, and subsequent periods, denoted by the symbol "—".
The ratio decreased to 2.36 in July 30, 2022, and then remained relatively stable at around 2.36 in subsequent periods until it declined to 1.79 on July 29, 2023. This decline continued with the ratio reaching 1.70 on February 3, 2024. From there on, the ratio was not calculated for the remaining periods up to January 31, 2025.
Overall, the decreasing trend in the fixed asset turnover ratio over the period indicates that RH may be experiencing challenges in efficiently utilizing its fixed assets to generate sales revenue. Further analysis and comparison with industry benchmarks may provide insights into the company's operational efficiency and asset management strategies.