RH (RH)
Total asset turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,180,750 | 2,836,370 | 3,029,130 | 3,590,480 | 3,539,340 |
| Total assets | US$ in thousands | 4,554,690 | 4,143,900 | 4,143,900 | 5,309,290 | 5,309,290 |
| Total asset turnover | 0.70 | 0.68 | 0.73 | 0.68 | 0.67 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,180,750K ÷ $4,554,690K
= 0.70
The total asset turnover of RH has shown some fluctuations over the past few years. In January 2023, the total asset turnover was 0.67, which increased slightly to 0.68 by January 31, 2023. Subsequently, there was a more notable increase to 0.73 by January 31, 2024, indicating that the company generated $0.73 in sales for each dollar of assets during that period. However, the ratio dropped back to 0.68 by February 3, 2024, before stabilizing at 0.70 by January 31, 2025. Overall, the total asset turnover ratio suggests that RH has been effectively utilizing its assets to generate sales revenue, although there have been some fluctuations in efficiency over time.